087 237 9752
083 629 6860
pieter@bvrinc.co.za
braam@bvrinc.co.za

Understanding Crypto Assets and Tax Implications

Crypto assets, as defined by the South African Revenue Service (SARS), represent digital value traded, transferred, and stored electronically, utilizing cryptography techniques. These assets, which include cryptocurrencies like Bitcoin and Ethereum, serve various...

Budget 2024: Your Tax Tables and Tax Calculator

How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. The unchanged transfer duty and tax tables, with a note on fiscal drag Unchanged from last year, so taxpayers can breathe a sigh of relief that...

Covid-19 & SMMEs

The notorious coronavirus, also known as COVID-19 is causing a slowdown in trade, not only in South Africa but worldwide. In the past weeks, we have seen a lock-down of countries such as China and Italy. South Africa is no exception, on the 23rd of March 2020, the...

SARS and Business Rescue – Part 3

Given the relatively short timeframe to which the work of the Business Rescue Practitioner (BRP) is subject, a full due diligence investigation of tax issues and compliance cannot be undertaken and the BRP cannot warrant the information upon which returns and...

SARS and Business Rescue – Part 2

Often, in Business Rescue matters audited financial statements are not available to support submitted returns to SARS and the internal accounting records are inadequate.   The timeframes for the compilation of the initial assessment of the business by the...

SARS and Business Rescue – Part 1

Tax is central to any rescue or restructuring process. There are two main areas for consideration by the Business Rescue Practitioner (BRP): The taxing statutes (value added tax (VAT), pay as you earn (PAYE), income tax and capital gains tax); and The administration...