Income Tax Act

October 8, 2019

HOW TO QUALIFY AS A PUBLIC BENEFIT ORGANISATION

Non-profit organisations can apply for approval as a “public benefit organisation” (“PBO”) in terms of section 30(3) of the Income Tax Act[1] in order to qualify […]
August 12, 2019

AUDIT CERTIFICATES: WHAT YOU NEED TO KNOW?

The South African Revenue Service (“SARS”) issued Interpretation Note 112 on 21 June 2019 to provide guidance on the interpretation and application of the audit certificate […]
June 27, 2019

SECTION 7C: WHAT IS IT ALL ABOUT?

Section 7C of the Income Tax Act, No 58 of 1962 (the Act), was enacted effective 1 March 2017 and serves as an anti-avoidance measure aimed […]
January 23, 2019

SIMULATION

In addition to specific anti-avoidance provisions and the general anti-avoidance provisions (GAAR) in the Income Tax Act,[1] the South African Revenue Service can apply another established […]