What Tax-Neutral Reorganisations (Sections 42–47) Really Mean
Restructuring a business, whether merging entities, shifting assets, separating divisions, onboarding investors, or strengthening risk protection, usually comes with significant tax consequences. Transfers of assets such as shares, property, intellectual property, or business operations would, under normal circumstances, trigger capital gains tax, income tax, VAT, and other tax charges. To support legitimate corporate reorganisations, South […]
Beware of Tax-Related Scams
Over the past five years, the SAFPS has seen a steady increase in the number of tax-related scams. Improved efficiency To improve efficiency when it comes to processing tax returns, and to encourage individuals and businesses to file their tax returns timeously, SARS launched its eFiling service in 2000. This allows taxpayers to file their […]