Posts by Marli

In terms of current law (Up to 29 February 2024), should trust income be vested in a beneficiary of such trust during the year of assessment, the income flows through the trust and is taxed in the hands of the beneficiary. This is the case regardless of whether the beneficiary is a tax resident of…

Trusts, companies, other trading entities and even trading individuals have until 30 June 2021 to company to PAIA/POPI requirements.

New tax proposals have been signed into law by President Cyril Ramaphosa on 15 January 2021. There are a number of key changes taxpayers need to know, the most significant being that it is non-compliance is now a criminal offence. In the past, taxpayers would be guilty of a criminal offence if they “wilfully” failed…