TAX TIPS – FOREIGN TRUSTS

South African beneficiaries of foreign trusts who receive distributions from those trusts are, in most cases, liable to tax in respect of such distributions. The anti-avoidance measures in

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TAX TIPS – SECTION 24C

Upfront payments are common in many industries but especially in construction and manufacturing. These upfront payments often defray costs that will be incurred over more than one tax

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TAX TIP – LESSOR’S WEAR AND TEAR ALLOWANCE

Taxpayers who let certain assets may qualify for a wear and tear deduction in respect of that asset. Under certain circumstances, the wear and tear deductible in respect

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TAX TIP: R&D APPROVAL AFTER TAX RETURN SUBMISSION

To claim a deduction of 150% under section 11D of the Act, the taxpayer needs approval from the Minister of Science and Technology. Without the approval, the deduction

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TAX TIPS – WHAT IF SARS MAKES A DECISION AGAINST YOU AND YOU CANNOT OBJECT?

SARS is afforded a discretion in the various tax acts which impower them to make decisions. Not all of these decisions are subject to objection and appeal. Examples

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Tax Tip – 183/60 day Tax Exemption

[vc_section][vc_row][vc_column width="1/4"][vc_single_image image="10412" img_size="200x500" css=".vc_custom_1558966752266{background-image: url(https://www.unicustax.co.za/wp-content/uploads/2019/05/photo-1499510502518-8f294dac3f9f_grey.jpg?id=10406) !important;}"][/vc_column][vc_column width="3/4"][vc_column_text]183/60 day Tax ExemptionMany South African expats are concerned about the impact on them consequent upon the change to the 183/60

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