Technical and Standards

Taxation Laws Amendment Act, 2011

It is hereby notified that the President has assented to the following Act, which is hereby published for general information:—

No. 24 of 2011: Taxation Laws Amendment Act, 2011

Please see the below attachment

Dividends Withholding Tax

Category: 
Tax
Question: 

Can you shed any light on the requirement to submit a NIL DTR02 form by the end of May and when this form will be available on eFiling? We have been told by SARS to just use the last issued IT 56 for this.

Sale of business branch assets / business

Category: 
Legal
Question: 

Please could you assist with the following:

During March 2011 my client, a CC, registered for VAT opened branch / depot in another area approximately 300km away as they had clients from that area and thought that with time the business would pick up. The branch / depot was run my a manager, who unfortunately ran it into the ground and did not declare cash sales etc.

Tax

Category: 
Tax
Question: 

A new client of mine has a large personal tax liability that arose of a result of pension fund payout. I have reviewed the tax assessment workings and agree with sars calculations. As the tax liability is R 110 000 and my client can't afford this what payment options are available to him. Thanks

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