SARS releases new ruling on documentary requirements for VAT purposes

Posted on 25 of January, 2017 by in SARS

In February 2015 the South Atlantic Jazz Festival (Pty) Ltd successfully appealed a judgment of the Tax Court to the Full Bench of the Western Cape High Court (reported as ABC (Pty) Ltd v CSARS [2015] ZAWCHC 8). That judgment dealt with documentary proof required by the Commissioner for SARS to substantiate input tax claims […]

Tuiskantoor-uitgawes

Posted on 16 of January, 2017 by in Uitgawes

Die realiteite van die hedendaagse lewe word duidelik weerspieël in die toenemende afstande wat afgelê moet word om by die kantoor te kom, in verkeersophoping ens. Al hoe meer werkgewers bied dus deesdae hul werknemers die opsie om vanuit hul woonplek te werk. “Tuiskantore” het in die laaste tyd dramaties vermeerder. Dit is om hierdie […]

Explaining zero rated VAT

Posted on 9 of January, 2017 by in VAT

Value-Added Tax, or VAT, is currently typically charged at 14% on all taxable supplies of goods or services rendered by registered VAT vendors. Taxable supplies exclude exempt supplies, such as providing financial services, residential accommodation or educational services (see section 12 of the Value-Added Tax Act, 89 of 1991). Where a VAT vendor makes exempt […]

Assets held as security by SARS when a company is being liquidated

Posted on 5 of January, 2017 by in VAT

The KwaZulu-Natal High Court previously granted an application brought by Van der Merwe and others (acting as liquidators) requiring the Commissioner for the South African Revenue Service to release certain assets held by him under his control in a customs warehouse. The assets in question were being held by the Commissioner as security for payment […]