Dear Subscriber,

I would like to introduce you to Jennie Fourie who has been welcomed on board the TAXtalk team from 01 July 2007.Jennie has been appointed as the managing editor for the TAXtalk magazine while I go out there and do more business development for TAXtalk in line with the current trends of the tax industry. We need to stay ahead and provide you with the most up to date, interactive, interesting and most informative product on the market, so that TAXtalk is your first choice when it comes to tax.

Jennie's expertise includes research, interviewing, feature writing, editing and copywriting. Jennie taught media studies at the Tshwane University of Technology for seven years. She has a Master's degree in Journalism a BA and BA Honours degree in languages.

Her career started as a translator and then moved on to industrial journalism and copywriting. For the past six years she has organised the SA Publication Forum's annual corporate publication competition where South Africa's top in-house publications are honoured. TAXtalk is happy to know that our magazine content is in capable hands.

TAXtalk is offering you an annual subscription to the TAXtalk magazine at a massively reduced price of only R260.00 incl. VAT annually that is a saving of 57% off the regular annual subscription price. Plus you will receive 2 copies of the TAXtalk magazine absolutely FREE ! Take advantage of

this offer now and Subscribe online now in less than two minutes and get your own copy of Issue 6 of the TAXtalk magazine posted to your address. For more information, you can also contact Lyndal Johnson on 0861TAXtalk (829 825)

Tax Issues
Answering queries from SARS could be more complicated than meets the eye. Gavin Goertz of EFG Attorneys discussed this matter on Tax Issues. The discussion covered mistake 5 of the series of seven habitual tax mistakes made by companies. When it comes to SARS's queries, tax managers often try to discharge the onus of proof and in doing so, trip themselves up. Read more about the explanation of what these queries are all about in Gavin's interview.

Tax Issues is broadcast on Summit TV (DSTV channel 55) at 20h40 & 22h40 on Wednesday evenings and at 7h30 on Thursday mornings. Click here for a summary of the full interview.

Get the TAXtalk Magazine delivered to your postal address and receive a weekly tax electronic newsletter and download TAXtalk information and eBooks from the website. You can get all this by SUBSCRIBING to TAXtalk for R260.00 annually.

Subscribe online in less than two minutes.

Till next week.
Janine Connor
Head of TAXtalk

TAXtalk Readers Forum

TAXtalk recently received a query from a reader on the subject of personal service companies. Steve Krause of Krause Fouche was approached about the matter and cast some light on this murky subject.

Erle Koomets - PricewaterhouseCoopers

Since 1 April 2007, the tax status of recreational organisations such as golf clubs has changed from one of tax-exemption to one of partial exemption.

eTaxjobs is a global job portal exclusively for tax professionals, and an online resource for employers and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada, Australia, New Zealand, Africa and around the World.

Available tax jobs for this week are:

• Tax Director, Family Office, UK, to £150,000
• Corporate Tax Consultant/Manager, relocate to Zambia
• Transfer Pricing Opportunities - Full Sponsorship for non EU Candidates
• Manager, M&A Tax, Deloitte, London, UK
• Global Transfer Pricing Opportunities, PwC

Interview with Gavin Goertz of EFG Attorneys

Answering queries from SARS could be more complicated than meets the eye. Gavin Goertz of EFG Attorneys discussed this matter on Tax Issues. The discussion covered mistake 5 of the series of seven habitual tax mistakes made by companies.

Sanchia Temkin, Professional Services Editor - Business Day

NEW tax returns posted by the South African Revenue Service (SARS) to more than 2,5-million taxpayers last week will make it easier for individuals and businesses to file returns as the government seeks to broaden the tax base from 7-million taxpayers to 10,5-million by 2010.

Daniel Erasmus - DE Consultants

In his book Where is the wealth of nations? Measuring capital for the 21st century World Bank environmental economist Kirk Hamilton looks at the broader understanding of wealth where it is made up of produced capital, natural capital such as natural resources and crop and pasture land, as well as intangible capital such as skills, know-how and governance. The book is based on a World Bank report commissioned in 2005 and attests that solid goods such as oil, copper, forests, as well as houses and roads make up about 20 per cent of the wealth of rich nations, while amounting to 40 per cent of the wealth of poor nations.

TAXtalk invites you to write an article in which you share your views and expertise on tax. Your article can be published in the newsletter for 7000 readers to view, on our website for over 100 000 viewers to see and in the TAXtalk magazine(with your photo) for more than 16 000 readers to read. Make an impression, submit your article NOW.

Article Requirements:
1 Page Article : 900 words  1½ Page Article : 1350 words  2 Page Article : 1800 words
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Submit your article to: janine@taxtalk.co.za or post it to: (P.O Box 1650 Gallo Manor 2052)