Welcome to our blog

TRANSFER OF A PROPERTY: IS VAT OR TRANSFER DUTY PAYABLE?

TRANSFER OF A PROPERTY: IS VAT OR TRANSFER DUTY PAYABLE?

A purchaser is responsible for payment of transfer cost when acquiring an immovable property, but it should further be established if the transaction is subject to the payment of VAT or transfer duty to SARS. When an immovable property is transferred, either VAT or transfer duty is payable. To determine whether VAT or transfer dutyRead more about TRANSFER OF A PROPERTY: IS VAT OR TRANSFER DUTY PAYABLE?[…]

NON-EXECUTIVE DIRECTORS – HAVE YOU REGISTERED FOR VAT?

NON-EXECUTIVE DIRECTORS – HAVE YOU REGISTERED FOR VAT?

SARS recently published two Binding General Rulings (number 40 and 41) that have put the tax treatment of non-executive director’s fees to bed, which will come in effect on 1 June 2017. As it stands, a Non-Executive Director (NED) earning more than R1 million in director’s fees in any 12-month period should register for VAT.Read more about NON-EXECUTIVE DIRECTORS – HAVE YOU REGISTERED FOR VAT?[…]