Chartered Accountant & Business Consultant - Meredith Harington
Business News Articles

SARS wants their bit of your Bitcoin

Over the past several years, cryptocurrencies such as Bitcoin have been growing rapidly in popularity. This increased attentiveness and speculation regarding the future of cryptocurrencies has prompted calls for SARS to provide direction as to how cryptocurrencies should be treated for tax purposes. On 6 April 2018, SARS released an announcement clarifying its stance in this regard. In this article we will look into what guidance has been provided, some key questions which still remain and how we can help our clients prepare for their next tax return.


The Budget and tax law cycle in South Africa

The budgeting process and annual tax law changes consist of far more than the annual budget speech which takes place toward the end of February every year. In this article we will be looking at the annual cycle of tax law changes, and when this filters into the tax calculations of individuals, trusts and companies.


Transitional arrangements relating to the VAT rate increase

The big news announced in the 2018 budget speech was the increase in the VAT rate from 14% to 15%. This change will be effective from 1 April 2018. It will require businesses to update systems and software to account for the new rate. However, there are a number of transitional arrangements that VAT vendors will need to take into account.


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