by VDT Attorneys | Mar 4, 2026 | SARS, Tax, Understatement Penalties
Under the current TAA framework, taxpayers have been able to avoid understatement penalties by demonstrating that the understatement resulted from a bona fide inadvertent error, regardless of the extent of the prejudice to SARS. The term is not defined in...
by VDT Attorneys | Feb 4, 2026 | Tax, Tax Advice, Tax planning, Trust loans, Trusts
Section 7C of the Income Tax Act 58 of 1962 was introduced to address the perceived tax advantage of interest-free or low-interest loans to trusts when attempting to transfer wealth below market value. Where a connected person advances a loan to a trust at a rate...
by VDT Attorneys | Nov 24, 2025 | Reportable Arrangements, SARS, SARS disclosure rules, Tax, Tax Advice, Tax planning
A reportable arrangement is any transaction or structure that SARS believes could give rise to unusual or significant tax benefits. These include arrangements that result in a tax benefit of more than R5 million, the use of hybrid instruments that look like debt but...
by VDT Attorneys | Sep 4, 2025 | AML, Anti-Money Laundering, Anti-money Laundering Amendment Act, Estate Planning, Tax, Tax Advice, Wills and estates
Estate planning does not operate in a vacuum. It is shaped by tax policy, political pressures, and economic realities. Recent developments in South Africa illustrate how quickly the landscape can change. For example, although the government rejected new...
by VDT Attorneys | Aug 5, 2025 | Crypto, Crypto assets, Crypto currencies, SARB, Tax
Exchange control in South Africa is primarily governed by the Exchange Control Regulations (the “Excon Regulations”), issued under the Currency and Exchanges Act 9 of 1933. These regulations prohibit the export of capital, such as financial assets and investments, or...
by VDT Attorneys | Jul 16, 2025 | AI, Artificial Intelligence, Tax, Tax Advice, Tax filing
The South African Revenue Service (SARS) is modernising its operations by integrating advanced data analytics and artificial intelligence (AI) to strengthen tax compliance and boost revenue collection. SARS is using AI to analyse large amounts of data quickly and...
