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
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
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
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
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