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info@taxtalk.co.za | tel:
+27 (11) 476 5095 | fax: +27 (11) 476 5004 |
South Africa’s Leading Tax Magazine |
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SARS gears up for customs tariffs book restructure |
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Unpacking the tax amnesty for small businesses – Part 2 |
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Taxation of non South African resident entertainers & sportspersons |
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When can you claim a deduction for a medical expense? |
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Where is the tax planning done? Who is ultimately responsible for the tax planning in the
Corporation? |
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This Week on Tax Talk
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Dear Subscriber,
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Last week, Jenny Faber, attorney at KHFG Attorneys started to unpack the tax amnesty offered to small
businesses in the first of a two-part discussion on Tax Issues, this week she discussed issues such as
applications and what to do if you were already under investigation. A complete summary of the
interview is available on the
Tax Talk website.
Tax Talk invites you, our subscribers, to write to us with suggestions of tax topics about which you
would like more information. We will invite experts to speak on these topics on Tax Issues, broadcast
on Mondays at 20h40 and again at 22h40 on SUMMIT TV (DSTV CHANNEL 55).
SUBSCRIBE TO TAX TALK for R50.00 per month or R600.00 annually. You will receive a quarterly Tax Talk Magazine
delivered to your postal
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M A G A Z I N E
Issue 3 - 2006
The Tax Talk Magazine is published quarterly and forms part of the Tax Talk Subscription
package.
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- Taxing Questions for SARS
- Taxation of non-South African residents
- Tax Relief for SBC's
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CLICK HERE TO SUBSCRIBE |
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address, a weekly Tax Newsletter in your email inbox, 24 hours access to
download Tax Talk information and a complimentary copy of Tax Talk Magazine Issues 1 & 2 upon
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Go to
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Until next time
Tax Talk Publisher
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SARS gears up for customs tariffs book restructure
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Sanchia Temkin - BusinessDay
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THE harmonised system — or customs tariff book — has undergone a major revision worldwide to bring it
in line with technological developments and changes since the last revision in 2002.
Every four to five years, the World Customs Organisation, (WCO) revises the harmonised system to keep
it up to date with the latest trends and changes.
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read more ... |
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Unpacking the tax amnesty for small businesses – Part 2
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Tax Talk
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Last week, Jenny Faber, attorney at KHFG Attorneys started to unpack the tax amnesty offered to small
businesses in the first of a two-part discussion on Tax Issues, this week she discussed issues such as
applications and what to do if you were already under investigation.
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read more ... |
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Taxation of non South African resident entertainers and sportspersons
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Tax Talk
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The spotlight recently fell on the South African entertainment industry when the film Tsotsi won an
Oscar. Also more and more international artists and musicians regularly travel to South Africa to
perform. The 2010 Football World Cup which was awarded to South Africa will also attract foreign
sportspersons.
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read more ... |
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When can you claim a deduction for a medical expense?
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Ettiene Retief - Fleet Street Publications (Pty) Ltd
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SARS is in full swing with its ""National PAYE Medical Aid Investigation - Period 01/03/1998 to
29/02/2006"". This national enforcement initiative aims to audit more than 22 000 employers for an
eight-year period using modern audit techniques and information obtained from your medical aid
providers.
Employers will be assessed for the full taxable value relating to benefits other than medical aid,
such as Vitality, insurance policies, leisure benefits, retirement funding, life cover, funeral cover,
and money-market savings that were funded by contributions made to the medical aid fund company.
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read more ... |
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Where is the tax planning done? Who is ultimately responsible for the tax planning in the
corporation?
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Tax Risk Management
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The ultimate responsibility lies with the CEO and the CFO. They are responsible for creating the best
shareholder value possible, under the circumstances. They cannot do so if their tax planning is
defective.
They in turn, must be guided by the board, audit committee and risk committee. These entities, in
turn, obtain all relevant information from the Tax Team and their tax strategic plan.
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read more ... |
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Write for Us!
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Do you have something to say? Do you have an area of interest or expertise that you believe is
something you can contribute for the interest of our readers? Do you want to share your views with
like-minded people?
If so, send your submissions by email to ( janine@taxtalk.co.za),
fax (27 11 476 5004) or post (P.O. Box 1650, Gallo Manor 2052) and be heard!
We will publish the best stories and viewpoints on our website &/or in our weekly newsletter. |
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