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Tax and how to understand it

Tax and how to understand it

PRETORIA – What does a car need to move? Well, other than the driver and operator it goes without saying that the internal combustion engine does not function under any circumstances if fuel tank is empty. Our country works pretty much the same way. It needs fuel to...
OPINION: In discussion with guru Willem Oberholzer on tax

OPINION: In discussion with guru Willem Oberholzer on tax

People going to file their tax returns at Sars in Long Street, Cape Town. Tax guru Willem Oberholzer has elaborated on tax arbitrage in this interview with the Business Report editor.Photo: Supplied CAPE TOWN – Former president Thabo Mbeki addressed the African...
NEW TAXPAYER VERIFICATION PROCESS PAINFUL, BUT NECESSARY

NEW TAXPAYER VERIFICATION PROCESS PAINFUL, BUT NECESSARY

Taxpayers will in future have to appear in person at a branch office of the South African Revenue Service (Sars) if any of their details registered with the agency change. In the past this verification was only necessary when the taxpayer’s banking details changed....
CONSEQUENCES OF COMING CLEAN WITH SARS

CONSEQUENCES OF COMING CLEAN WITH SARS

Cape Town – A successful application under the voluntary disclosure programme (VDP) of the South African Revenue Service (Sars) is not an amnesty, a tax expert warned on Tuesday. A successful VDP application could, however, bring relief from penalties,...
TAX PRACTITIONER COMPLIANCE: A CHRISTMAS CAROL

TAX PRACTITIONER COMPLIANCE: A CHRISTMAS CAROL

Charles Dickens refers to Ebenezer Scrooge, the main character in his 1843 novel, A Christmas Carol as “… a squeezing, wrenching, grasping, scraping, clutching, covetous old sinner!” I am sure no one wants to be classified in this manner, but if you...