sait_admin, Author at South African Institute of Taxation

Recorded Webinar – 3 October 2024

by sait_admin | Oct 3, 2024 | Recorded Webinar 2024

SAIT - Tax Practice: On the Move: SARS Operations 8 of 8 3 October 2024...

SAIT Submission_ Draft amendments to Part 1 of Schedule 1

by sait_admin | Oct 3, 2024 | Legislative Policy & Interpretation Submissions

SAIT’s submission on the draft amendments to Part 1 of Schedule No. 1 welcomes SARS’s initiative to insert Additional Notes and new tariff subheadings to clarify the treatment of herbal and homeopathic medicinal preparations under heading 3004. SAIT views this as a...

SAIT Submission_Meaning of reserve fund under section 23(e)

by sait_admin | Sep 30, 2024 | Legislative Policy & Interpretation Submissions

SAIT’s submission on the draft interpretation note regarding the meaning of a “reserve fund” under section 23(e) of the Income Tax Act questions the inclusion of insurance policies as reserve funds. SAIT argues that insurance premiums represent incurred expenses, not...