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BOND MARKET RISKS SWELLING AS SOE CRISES DEEPEN

There has been a mixed bag of developments for the domestic market since the elections in early May. Some stability emerged after the official election outcome was announced, but the new administration has not yet been able to provide convincing evidence that the...

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The Tax Ombud

The Tax Ombud (“OTO”) is an impartial and independent office established in 2013 with the objective of reviewing and addressing taxpayers’ complaints against SARS. The Tax Administration Act (“ACT”) authorizes the OTO to: Take on complaints, from a taxpayer, against...

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Income tax and VAT consequences for a lessee

Background Taxpayers may not be aware of the differences between an instalment sale agreement and finance lease, with many Taxpayers assuming both contracts are the same since both require regular repayments. Since they are different agreements, both have different...

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The Taxation of Cryptocurrency : What You Need To Know

Summary Many South Africans have jumped on the cryptocurrency bandwagon in recent years, with some even making their millions in the digital realm. In light of these advances in digital currency technology, SARS has announced that cryptocurrency will be subject to...

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