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VAT On Intercompany Transactions
by Bongani Makgoba, MaxProf Auditor Business growth over many years has involved one company purchasing...
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VAT and PAYE treatment of non-executive directors
There has been a longstanding debate on whether a non-executive director (NED) should have PAYE (employees’...
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Deferring Payment of Outstanding Tax Liabilities
Most businesses in South Africa have been dealing with financial difficulties. The economy has been lacking...
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Understanding Zero-Rating for Indirect Exports
Company A (VAT vendor in SA), a mining supplies company, supplies coal to Company B (VAT vendor in SA)....
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Combatting Load-Shedding through SARS Tax Incentives
In the advent of unprecedented stages of load-shedding, most businesses and households have resorted...
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VAT on Indemnity Payments
It is imperative for VAT vendors to distinguish between a trade payment and an indemnity payment as the...
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Value-Added Tax: Dwelling vs Commercial Accommodation
In terms of the Value-Added Tax Act, the supply of residential accommodation can be seen as a “dwelling”...
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VAT implications on goods imported to South Africa
Importation of goods to South Africa In today’s world, many businesses seek to diversify their product...
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Principal vs Agent
As auditors, we come across a wide variety of expenses, projects, and agreements between numerous parties....
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