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In this latest article from our RETHINK: Transfer Pricing series, we explore some particular considerations in respect of managing intellectual property (IP).
First and foremost, enquire whether the person is a registered tax practitioner both with the South African Revenue Service (SARS) and with a recognised controlling body, such as the South African Institute of Tax Professionals (SAIT).
It is important for taxpayers with a February year end to take note of the August 31st provisional tax deadline.In practice we are seeing a decrease in the estimated taxable income figures in respect of the 2021 year of assessment. Practically, this would lead to the taxpayer having a lower than...
The impact of COVID-19 on our economy is at the point that has forced South Africa and the rest of the world to a grinding halt.
Often the question arises whether VAT must be levied on costs that are recovered from third parties. This is especially relevant when no VAT was incurred on the expense. Examples of such recoveries are rates and taxes, salaries or where a consultant recovers certain costs from its client on...
In this first article of our new Transfer Pricing Insights series, we turn our lens to an urgent issue that has arisen from Covid-19 crisis: cash flow.
Unfortunately, even at a time like this, taxes do not go away. Although many countries have closed their borders and banned international travel, technology allows a lot of work to continue. But what about the potential tax issues?
If we rewind pre-COVID 19 and pre-recession, most REITs were continuously making maximum dividend declarations vying for shareholder affection. REITs have not, however, been spared the effects of South Africa’s stagnating economy and COVID-19’s impact on global trade.