If you owe SARS more money than you can afford to pay then you are a candidate for a tax compromise. In a nutshell SARS is willing to “park” some (not all) of your current debt in order to ensure…

From 1 April 2014, interest incurred on subordinated debt is no longer tax deductible. Section 8F of the Income Tax Act 58 of 1962 (“the Act”) is an anti-avoidance provision which deems the interest to be a dividend in specie and effectively…