Domestic reverse charge relating to valuable metal
SARS has issued a regulation on domestic reverse charge relating to valuable metal in terms of section 74(2) of the Value-Added Tax Act, No.89 of 1991 (“the VAT Act”)
Alert 56
In this week's alert:
* Regulation on domestic reverse charge relating to valuable metal
* Taxpayer A v Commissioner for the South African Revenue Service (IT 25042)
* The latest Tax Practitioner Connect newsletter has been released by SARS
* Regulation on domestic reverse charge relating to valuable metal
* Taxpayer A v Commissioner for the South African Revenue Service (IT 25042)
* The latest Tax Practitioner Connect newsletter has been released by SARS
Taxpayer A v CSARS
This appeal concerned the deductibility of finance charges under section 24J of the IT Act. The finance charges in question comprised raising fees, debt origination fees as well as structuring fees for the 2016 year of assessment.
Tax Practitioner Connect Newsletter
The latest Tax Practitioner newsletter (issue 35) has been published and deals with a few topics including the SARS tax practitioner readiness programme, information on the 2022/2023 individual filing season and an update on emigration withdrawal changes.