Section 42 looks like a gift, defer tax, swap assets for shares, keep the deal moving. But the buyer quietly inherits the seller's full tax liability, the same gain gets taxed twice, and disposing of assets within 18 months triggers anti-avoidance rules that SARS's own return can't even capture. Lesson: get the base cost in writing. Allocate assets correctly. Know the difference between a tax deferral and a tax trap, because your clients are counting on you to.

Made a loss this year? Don’t sweat it! Assessed losses could be the silver lining that slashes next year’s tax bill. But there’s a catch: tax laws are changing, and SARS is tightening the screws on how, and when you can actually use those losses. Below we show you how to turn your loss into a smart tax move (and avoid losing out altogether…).

The Global Minimum Tax Act, 2024, has officially been signed into law, marking a major change in how international taxes are handled. This law is based on the OECD/G20 global plan to stop big companies from avoiding taxes by shifting their profits to low-tax countries. Under this new rule, large multinational companies must pay at least a 15% tax rate on the money they earn in every country they operate in. Curious about how it works and what it means for businesses? Read the full article to explore the key mechanisms and their implications for global and local tax practices!

Running a small business comes with enough challenges—don’t let taxes be one of them. Did you know that qualifying as a Small Business Corporation (SBC) could drastically lower your tax bill and speed up deductions on your assets? But here's the catch: navigating the rules can be tricky, especially when it comes to personal services and investment income limits. In this article, we break down SBC benefits in plain language, share expert tips, and use real-life examples to help you understand how to qualify. Whether you’re an accountant advising clients or a business owner looking to save, this is a must-read!

Have you got clients with cross-border transactions? Considering transfer pricing is essential for clients that transact with related parties. This article simplifies transfer pricing with clear explanations, practical examples, and actionable tips. Learn how to apply the arm’s length principle, benchmark transactions, prepare documents to protect your clients from tax disputes.

Learn how the current tax regulations create challenges for the fast-growing telecommunications industry. This article breaks down how outdated tax rules, like Sections 12D and 11E, apply to modern infrastructure, and discusses VAT issues such as international roaming and bundled services. We also cover recent court cases involving Telkom and MTN to show how tax laws are being interpreted in this changing landscape.