VAT Ruling 014 – Input Tax Apportionment
VAT Ruling VR 014 (9 January 2026) approves the page-space and varied turnover-based apportionment methods under sections 17(1) and 41B of the VAT Act.
Unicus Tax Update
Inside the Unicus Tax World
As tax professionals, we understand that not everyone has the time to work through every new judgment, interpretation note, or legislative development in detail. Through this training, we aim to bring participants into the Unicus Tax world by sharing access to our internal weekly tax update sessions. These sessions are designed to highlight key developments, provide context, and promote practical understanding in a concise and accessible format. Registered participants are welcome to join the sessions live each week, should they wish to do so.
Join us Live
Tuesday's @ 9h00
Join us live
Tuesday's @ 9h00
important things you should know
Questions And Answers
Yes. The weekly email includes the live session link.
You’ll receive an email each Tuesday with the link to that day’s session.
The session will be loaded to this page later.
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Available Tax Updates
Interpretation Note 64 – BC and HOA exemption
SARS Interpretation Note 64 (Issue 5) clarifies the income tax exemptions under section 10(1)(e) of the South African Income Tax Act for bodies corporate, share block companies, and qualifying associations of persons, including rules on exempt levy income, basic exemptions on other receipts, and application requirements for associations.
Draft Interpretation Note – Section 7C – loans to trusts
Draft SARS Interpretation Note (2025-42) outlining how section 7C of the South African Income Tax Act applies to loans, advances, or credit provided by a connected natural person to a trust, including definitions, application rules, and anti-avoidance measures to prevent tax-free wealth transfers via low or interest-free loans.
Interpretation Note 91 (IN 91)
Debts are often written off or restructured in some way. These typically tend to have tax consequences. This session discusses what those tax consequences are.
Ntayiya v South African Revenue Service (848/2023) [2025] ZASCA 183 (1 December 2025)
This session explores an SCA judgment regarding the imposition of understatement penalties for submission of nil returns as well as the strength of the “professional tax advice defence”.
Interpretation Note 142
SARS’ interpretation note 142 purports to be a note explaining what constitutes “similar finance charges” for the purposes of section 24J when really, it appears rather to be aimed mainly at contradicting a tax court judgment handed down a year earlier in favour of a taxpayer. In essence, the question is whether raising fees are deductible. The court says it is, SARS says its not. Who is right?
disclaimer
This training is designed and intended solely for the benefit of employees of Unicus Tax Specialists SA (Pty) Ltd and may only be relied upon by such employees in accordance with the internal rules and policies of Unicus Tax Specialists SA (Pty) Ltd.
While Unicus Tax Specialists SA (Pty) Ltd may, in its sole and absolute discretion, permit non-employees to attend these sessions, any such attendance is for general interest purposes only. Non-employees acknowledge and accept that they may not rely on the content of this training for any purpose.
These sessions do not constitute professional advice, guidance, or formal training and should not be interpreted or relied upon as such. Attendees are encouraged to seek independent professional advice in respect of any matters covered and are advised not to provide advice or rely on anything discussed during the training.