Synopsis

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Synopsis Tax today - September 2020

A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally. 

Through analysis of and comment on new laws and judicial decisions of interest, Synopsis helps executives to identify developments and trends in tax law and revenue practice that may affect their business.

Two woman talking about the monthly synopsis publication

In this edition:

We assess the extent of the VAT relief provided by Government to businesses that assist in dealing with the Covid-19 pandemic. Although some VAT relief has been provided by Government during the Covid-19 pandemic, this relief is limited and does not materially assist businesses that have come forward to assist Government through various other initiatives.

The disruption caused to our world and our work with the advent of Covid-19 has resulted in many unintended consequences, not least of which are those related to the world of expatriate tax. We examine the principles behind taxation of employment income from a South African perspective before considering the taxation of income from employment from an international tax perspective.

The Voluntary Disclosure Programme (VDP) was introduced into the Tax Administration Act with effect from 1 October 2012, for purposes of enhancing voluntary compliance in the interest of good management of the tax system and the best use of SARS’ resources. We analyse the recent judgment of Purveyors South Africa Mine Services (Pty) Ltd v The Commissioner for the South African Revenue Service. Whilst the VDP regime sounds like a good practical solution for taxpayers to come clean with SARS in theory, it appears that the process can be complicated. 

Read more on this and other matters in the latest Synopsis below.

 

Download the latest Tax Synopsis 

Edition: Tax Synopsis - September 2020



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Al-Marie Chaffey

Al-Marie Chaffey

Senior Manager , PwC South Africa

Tel: +27 (0) 11 797 5644

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