Legal Articles and Guides
The Gauteng High Court (Pretoria) has ruled that SARS must honour the last leg of a three-year wage deal signed with unions in 2019, which a Business Day report calls setback for one of the entities facing a funding shortfall as the Treasury trawls its coffers to make up for the mismatch between spending and revenue.
Coronation Fund Managers, which currently owes the SARS R761m in disputed taxes, could see that liability grow further if a pending Constitutional Court case on the issue drags on.
A Durban woman’s efforts to appeal a 10-year jail term has been dealt a blow, reports IoL.
Deputy Finance Minister David Masondo says expanding the basket of zero-rated foods will result in lower tax revenue and mean there are less funds for more targeted relief for the poor.
National Treasury has withdrawn – for now – the far-reaching proposed amendment to the Income Tax Act pertaining to the rules governing offshore entities of SA multinationals.
The SARS has joined nearly 50 other jurisdictions around the world in pledging to adopt a new Crypto-Asset Reporting Framework (CARF) developed by the OECD and work to put it into law.
SARS has issued Sophla Trading, a company that belongs to former Generations star Sophie Ndaba, a second letter of demand in less than five months, ordering a settlement of more than R23m in outstanding tax debt, reports City Press.
As consumers face increases in medical aid rates in the coming year, they also face the prospect of losing the tax credits they currently enjoy for paying for private healthcare.
SARS has apologised after it issued a threatening message last week warning taxpayers that they would be penalised and criminally prosecuted if their tax status was deemed to be non-compliant.
AngloGold Ashanti will before tomorrow (Tuesday) pay SARS a total of R4.5bn in taxes as part of the transaction to move its corporate domicile to the UK and primary listing to the New York Stock Exchange.
GladAfrica has been hit with a tax bill of more than R500m by SARS, reports City Press.
A charge of tax fraud laid against a construction company has revealed the possible existence of a criminal syndicate at work, involving former SARS officials.
The court battle to force Msunduzi Municipality to cancel its R27m sponsorship of Royal AM FC might have received some traction following two court judgments against the team and its owner, Shauwn Mkhize, for not being tax compliant.
A court has appointed a curator to sell off the assets of controversial businessman Roux Shabangu, who has only paid a fraction of his undisputed R21.5m tax debt to the SARS while splurging millions of rands on restaurants, clothes and hotels, reports Fin24.
SARS led a search and seizure operation across five provinces yesterday in an attempt to bring down a coal-smuggling syndicate, reports The Citizen.