Archive for Mar 2012

DEVELOPERS – MAKE SURE YOU GET YOUR VAT RELIEF!

A major concession from SARS Residential property developers – if you are stuck with empty houses because of the property slump you can now rent them out without triggering a deemed “change in use”. That’s a major concession, as such a change in use would make you liable to pay output VAT on the “deemed supply”…

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THE NEW DIVIDENDS TAX: READ ALL ABOUT IT (AND A WARNING!)

From 1 April, STC (Secondary Tax on Companies) will be replaced by DT (Dividends Tax – which, just to confuse the issue, some commentators are calling “DWT” for “Dividend Withholding Tax”). What changes? The rate – 10{386da21712306c7ea1ec53b34b97fadb8c0ec5caeb4fa51813505ee2700f52b4} – increases to 15{386da21712306c7ea1ec53b34b97fadb8c0ec5caeb4fa51813505ee2700f52b4}. Whereas STC is payable by a company when it declares a dividend, DT is…

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