by Tony Davey | Jun 5, 2019 | Davey's Locker, Uncategorized
An Al Capone strategy better than problematical prosecution An Al Capone strategy better than problematical prosecution In 189 TSH 2018 I canvassed aspects of donations tax relevant to ‘state capture’. Now it is time to look at its income tax implications. SARS’s...
by Tony Davey | May 6, 2019 | Davey's Locker, Uncategorized
In my previous article ‘Foreign employment income amendments’ (192 tsh 2019), I focused on the tax tests allowing one to achieve nonresident status. The further issue arises of the ability of an emigrant to access his or her retirement funds, and the tax treatment of...
by Tony Davey | Apr 16, 2019 | Davey's Locker, Uncategorized
Myths abound ‘Financial emigration’ Amidst the panic created by the amendments to s 10(l)(o)(ii) of the Income Tax Act, which, with effect as from 1 March 2020, will subject to tax in the RSA foreign employment income in excess of R1 million earned by RSA taxpayers...
by Tony Davey | Mar 6, 2019 | Davey's Locker, Uncategorized
Dynamic tax environment can create opportunities Sometimes amendments to the tax legislation, albeit unwittingly, can have favourable results for a taxpayer. As the saying by the inventor, Alexander Graham Bell, goes, ‘when one door closes, another opens’. An example...
by Tony Davey | Jan 17, 2019 | Davey's Locker, Uncategorized
Festive gifts It’s the festive season and ’tis the season for giving. Maybe it is coincidental that the topic of donations to political parties, high-profile persons and others features prominently in the press. Donations tax is levied by s 54 of the Income Tax Act,...
by Tony Davey | Jul 7, 2017 | Davey's Locker, Uncategorized
Section 56(1)(g) of the Income Tax Act Donation of foreign assets In the course of regularizing their offshore tax affairs under the normal Voluntary Disclosure Programme or the Special Voluntary Disclosure Programme, many taxpayers need, amongst other things, to...
