TGS South Africa News
January 31, 2019
On 20th February the Minister of Finance, Tito Mboweni, will make his budget speech. Traditionally, the Minister asks the public what they would like to see […]
January 31, 2019
The second provisional tax payment for the 2018/2019 tax year is due by 28 February. If your taxable income is below R1 million your estimate of taxable […]
January 8, 2019
“Prediction is very difficult, especially if it is about the future” (Nils Bohr – Nobel Laureate) Normally the market and economic commentators react favourably to interest […]
January 8, 2019
A recent Supreme Court of Appeal (SCA) judgment has confirmed a view that our courts have held for a long time – namely that when a […]
January 8, 2019
Recently the artist Banksy put up for auction a work called “Girl with Balloon”. It was sold for GBP860,000. No sooner had it been sold than […]
January 8, 2019
“South Africa has lost R700 billion to corruption over the last 20 years” (Institute of Internal Auditors) The Companies Act requires a company to set up […]
January 8, 2019
The Minister of Finance warned in his 2017 Budget speech that VAT on electronic services would be widened. Treasury has now published regulations that come into […]
January 8, 2019
Provisional taxpayers who use eFiling need to submit their 2017/8 Income Tax Return on or before 31 January 2019. You will have noticed that being registered […]
November 29, 2018
“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails” (William Arthur Ward) As we wind down from a […]
November 29, 2018
SARS have instructed that taxpayers on eFiling need to submit supporting documentation as follows: Files should be no more than 5mb each. You can upload up […]
November 29, 2018
The new Minister of Finance didn’t have much time to prepare for the Medium Term Budget Speech (MTBS) but he carried it off well. The MTBS […]
November 29, 2018
Cabinet has approved the most wide ranging amendments to the Companies Act (the Act) since its launch in 2011. Some of the important issues are briefly […]
November 29, 2018
Taxpayers and tax practitioners have in recent months been surprised to find their medical claim tax credits queried by SARS. Up to this year the processing […]
October 31, 2018
“Hubris … extreme or foolish pride or dangerous overconfidence” (Wikipedia) There is so much information going around that it is almost impossible to see through […]
October 31, 2018
Recently the Labour Court ruled in favour of an employee who was dismissed for failing to produce a required medical certificate. The employee had a history […]
October 31, 2018
One of the advantages of the technological revolution is that advances move swiftly down the cost curve. Accounting software for small and medium-sized enterprises (SMEs) has […]
October 31, 2018
Many taxpayers are experiencing frustrations in their dealings with SARS. The Tax Ombud is there to assist taxpayers if they have experienced: Procedural difficulties Service issues […]
October 31, 2018
There are only run-of-the-mill tax deadlines for November but companies need to take note of a new warning from SARS that it will be imposing administrative […]
September 28, 2018
With careful planning and good implementation, you can help your auditors give you not only a cost-effective audit but one that gives you more assurance that […]
September 28, 2018
“Forewarned is forearmed” (Wise old proverb) Picture this: Gavin brings in books and DVDs from Amazon (to take just one example – this applies to […]