ARTICLES RELATING TO TAX

Plans to crack down on corporate tax avoidance

2014-09-16 16:53

Plans for rewriting international tax rules could eliminate structures that have allowed companies like Google and Amazon.com to shave billions of off tax.

S Korea aims to double cigarette prices

2014-09-11 14:48

South Korea has proposed a tax hike as early as next year that would nearly double cigarette prices as the government tries to reduce smoking rates.

Zambia waives VAT rule for mining firms

2014-09-03 11:01

Zambia will waive a rule requiring mining companies and other exporters to produce import certificates from destination countries in order to claim tax refunds.

Burger King manoeuvres to cut US tax bill

2014-09-02 09:58

The Burger King rate is 30% lower than the average tax rate it paid in the five years before it was bought in 2010 by private equity group 3G.

Not-so-sweet timebomb

2014-08-25 07:31

The sugar juggernaut could take a financial toll on all of us, says Mandi Smallhorne.

Bitcoin not taxable as a currency

2014-08-20 10:34

Crypto-currencies such as Bitcoin should not be considered as money or a foreign currency when it comes to taxation, Australia's tax authority has ruled.

France to boost housing, cut taxes for low-paid

2014-08-19 11:15

The French government will announce measures soon to boost construction and give tax relief to low income households.

Qualifying for turnover tax or not

2014-08-14 16:43

A Fin24 user is not sure when a business must register for turnover tax, since the term "personal service provider" is very wide.

Sars love-affair: Lawyer rejects reports

2014-08-11 18:53

The lawyer who laid a complaint against Sars group executive Johann van Loggenberg after their relationship ended has called media reports false and defamatory.

Spying, 'double-agents' part of Sars probe

2014-08-10 14:24

It has evidence of "double agents" and false allegations, says Sars in reaction to a Pretoria lawyer's complaint against her former lover, a Sars official.

New tax law and my living annuity

2014-08-06 17:21

A Fin24 user who has reinvested all his pension money in a living annuity is not sure how a new tax law will affect his situation.

Making use of a tax-free donations allowance

2014-08-05 10:53

A Fin24 user wants to make use of the R100 000 donations tax-free allowance, but worries about paying capital gains tax.

Tax on retrenchment and pension payouts

2014-07-30 12:33

A Fin24 user is about to be retrenched and is not sure what tax benefits he can use relating to a severance and pension package.

Does tax ruin your savings?

2014-07-20 14:38

Tax expert Prof Matthew Lester responds to a Fin24 user's experiences on savings in South Africa being difficult due to tax legislation.

EU VAT changes: 6 points you need to know

2014-07-15 08:41

The 2015 VAT changes in the EU will have a major impact on e-merchants and the e-commerce sector as a whole. This is what you need to know.

Sars wants to collect R1trn this tax season

2014-07-01 13:06

The SA Revenue Service intends collecting nearly R1trn during the 2014/15 tax season, which has kicked off.

EU probes Apple, Starbucks over tax rulings

2014-06-11 14:00

The European Commission has opened three in-depth investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade.

SA, US sign deal to curb tax evasion

2014-06-10 05:00

South Africa and the US has agreed to put into effect the Foreign Account Tax Compliance Act to promote transparency between the two nations on tax matters.

Samsung heirs face inheritance tax bill

2014-06-06 08:58

The heirs of ailing Samsung Group patriarch Lee Kun-hee face one of the biggest inheritance tax bills ever and appear to have little option but to pay up.

How to choose the right tax practitioner

2014-05-21 17:59

When using a tax practitioner, do not merely grab the first one you meet who says he knows how to file a tax return, warns an expert.

Swisspartners gets $4.4m fine over tax

2014-05-11 13:05

Swisspartners will pay a $4.4m fine to avoid prosecution over its past assistance to US tax dodgers.

Worried about paying unnecessary tax

2014-04-30 16:33

A Fin24 user, setting up a local office for an international company, is worried about paying more tax than necessary.

Why pay tax on a loan from a pension fund?

2014-04-24 16:26

A Fin24 user is surprised to find out that he must pay tax on an outstanding loan amount, taken from his pension fund, now that he has resigned.

Sars not fooled by 'independent consultants'

2014-04-23 14:34

A Fin24 user who was told by his company that he has now become an independent consultant is worried about tax implications.

 

SA firms stop Zim exports after new tax laws

2014-09-15 19:36
114 comments

New duty taxes implemented by the Zimbabwean government to protect local firms have already seen some South African firms cease exports to the country.

Sasol unit trust and capital gains tax

2014-09-08 15:09

A Fin24 user wants to know if he will pay capital gains tax if he transfers money from his Sasol unit trust into a living annuity.

Vote to scrap Aus super profits tax

2014-09-02 13:06

Australia's upper house Senate has voted to repeal a tax on mining industry super profits, a major victory for conservative Prime Minister Tony Abbott.

Medical tax credits and Sars codes

2014-09-01 16:18

A Fin24 user wants to know which Sars code to use for additional medical tax credits.

Taxing sugary drinks may reduce obesity in SA

2014-08-20 12:12

Instituting a 20 percent tax on sugar-sweetened beverages may reduce obesity among young adults in South Africa.

More clout for tax on sugary drinks

2014-08-20 08:55

A suggested tax on sugar sweetened beverages has been given more credence in a research paper by academics from the University of the Witwatersrand.

Tax investigator to be removed - claim

2014-08-17 14:14

The Reserve Bank has declined to comment on a report in the Sunday Times that top tax investigator Johan van Loggerenberg "looks set" to be removed.

Estate duty on loans not recovered

2014-08-13 17:45

A Fin24 user wants to know if there would still be estate duty on a loan which could not be recovered.

Company provident fund vs self-insurance

2014-08-11 18:24

A Fin24 user wants to know what his rights are regarding a company provident fund or self-insurance.

Sars hit by love affair turned sour

2014-08-10 10:18

Sensational accusations are flying after a love affair turned sour between a SA Revenue Service enforcement boss and a top tobacco lawyer.

Using tax free savings accounts

2014-08-05 19:33

The question remains whether initiatives like the tax free savings account incentive will foster a savings culture in South Africa, says an expert.

Tax on offshore investments

2014-08-04 15:11

A Fin24 is not sure what the tax implications are when bringing offshore investments into South Africa.

Waiting a long time for provident fund payment

2014-07-23 11:19

A Fin24 user is unsure why he has to wait such a long time for his provident fund to be paid out.

Impact of tax on savings

2014-07-17 17:11

An expert responds to a Fin24 user, who finds that interest on savings is taxed at a potentially high rate and interest rates available to savers are negative in real terms.

6 tips for tax filing

2014-07-16 13:17

The 2014 tax filing season has started and here are some tips to help you.

Sars to focus on certain areas this tax season

2014-07-01 21:05

Acting Sars commissioner Ivan Pillay warns that extra attention will be paid to certain parts of the tax filing process this year.

Capital gains tax or not

2014-06-25 15:23

A Fin24 user has invested in an offshore company trading on Wall St and wants to know when capital gains tax would apply, if at all.

Comments invited on new tax bill

2014-06-10 12:30

A bill dealing with changes to tax laws and regulations governing retirement funds has been tabled by the National Treasury for comment.

Britain becomes haven for US companies

2014-06-09 11:07

The UK says it is not a tax haven, but a Treasury spokesperson says recent changes to the tax rules are aimed at supporting "genuine business investment".

US hits China with new solar tax

2014-06-04 10:01

The United States has slapped new import duties on solar panels and related products from China, potentially inflaming trade tensions between the two countries.

What the youth subsidy means for your business

2014-05-16 17:05

The employment tax incentive will reduce the business’s cost of employment significantly, says an expert.

Amazon's UK tax much less than $7bn sales

2014-05-09 13:54

Amazon.com files accounts showing a UK tax bill of €10m, despite $7.3bn sales in Britain.

When your hobby becomes your business

2014-04-24 17:31

Having a creative idea for a business is not enough and failure to plan appropriately upfront may result in increased future tax costs, warns an expert.

Employee or consultant?

2014-04-23 15:09

A Fin24 user wants to know the tax implications of becoming an independent contractor.

Taxpayers must ensure Sars affairs are in order

2014-04-11 17:01

A Fin24 user was shocked to find out that she owes Sars thousands of rands and Sars emphasises that taxpayers must ensure that their taxes are in good order.

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