BUDGET SPEECH 2020

budget speech 2020

Explanatory Discussion: Budget Speech 2020 Summary Document Unicus Tax Specialists SA – Budget Speech Summary 2020 SARS Tax Pocket Guide SARS Tax Pocket Guide

Should Deposits be Included in Gross Income?

Should Deposits be Included in Gross Income

The question of whether deposits should be included in a taxpayer’s gross income has become a contentious topic in recent months following SARS’ increased interest in deposits. Taxpayers are, typically following submission of the ITR14 and subsequent IT14SD, requested to explain why deposits should not be included in gross income. In our view, the rationale […]