My Guys Pty Ltd

31/08/2026

1st Provisional return for 2027 is due today.

28/08/2026

National Treasury has proposed tightening the donations tax exemption between spouses, specifically targeting a tax planning strategy used by some wealthy couples during emigration.

Currently, transfers between spouses are exempt from donations tax, but the draft amendment would only allow this exemption if the receiving spouse is still a South African tax resident at the time of the donation.

The concern is a specific arrangement where one spouse becomes a non-resident first, the other spouse then transfers substantial assets under the exemption, and only afterwards does that second spouse also exit South African tax residency with a smaller asset base, reducing the tax normally triggered when someone leaves the tax system.

If enacted, the amendment would apply retrospectively from 25 February 2026, meaning couples who've already made transfers since that date may need to review their position.

Treasury has been clear that ordinary couples with different residency timelines for legitimate reasons, like work, schooling, or family care, are not the target.

If you or your spouse are considering emigration and cross-border asset transfers, timing matters.

Contact My Guys for tailored advice.

National Treasury has proposed limiting the donations tax exemption between spouses where the receiving spouse is no longer a South African tax resident.

26/08/2026

🗓️ 1st Provisional tax return for 2027 is due for calculation, submission and payment by 31st August 2026.

📞 Contact My Guys if you need assistance.

24/08/2026

Did you know? During tax season, SARS is opening it branches to help taxpayers stay compliant, on Saturdays.

SARS has announced that select branches will open on Saturdays throughout tax season to make it easier for taxpayers to get assistance without needing to take leave.

Running from 25 July through to October, participating branches will generally be open from 08:00 to 13:00, with some smaller branches like Rustenburg, Mmabatho, and Klerksdorp offering slightly shorter hours.

Eastern Cape residents get extended access, with Kariega, Gqeberha, East London, and Mthatha open every single Saturday until 24 October.

This is a great option for anyone with complex tax queries who prefers face-to-face assistance over eFiling, or who simply hasn't had time during the week to sort out their tax affairs.

Whether you're heading into a SARS branch or filing online, having an expert in your corner makes all the difference.

Contact My Guys for support this tax season.

SARS will be opening some of its branches on Saturdays for the duration of tax season.

21/08/2026

Well-intentioned business decisions can turn into expensive tax headaches if the tax implications aren't considered upfront.

Simple gestures like a solar subsidy for remote employees, or even a daily meal allowance for a driver can carry unexpected tax consequences.

The deciding factor SARS looks at isn't the good intention behind the benefit, but whether it exists mainly for the employer's convenience or as a perk for the employee.

The complexity doesn't stop at employee benefits either. Businesses often assume that labelling someone an ""independent contractor"" removes them from payroll, but SARS looks at the substance of the working relationship rather than the label in the contract.

Getting this wrong can mean retrospective PAYE liabilities, penalties, and interest stretching back years, turning what looked like a cost-saving decision into a serious unbudgeted expense.

Before rolling out any new employee benefit or contractor arrangement, get it right from the start.

Contact My Guys for expert advice.

South African businesses can face unexpected and costly SARS tax liabilities, penalties, and compliance risks related to employee benefits, contractor arrangements, and international hiring.

19/08/2026

A growing chorus of financial experts is questioning whether Capital Gains Tax (CGT) is fair in an economy that is plagued by persistent inflation.

Michael Treherne, a director at Vestact Asset Management, shared his frustration after selling Nvidia shares with a 6,000% gain, noting that investors don't receive any inflation adjustment to their base purchase price.

In South Africa, where prices tend to double every 7 to 10 years, investors can be taxed heavily even when much of their ""gain"" simply reflects keeping pace with inflation rather than real wealth creation.

Dr Brian Benfield, a retired economics professor from Wits University, went further, arguing that CGT effectively taxes phantom gains created by currency depreciation.

Currently, people can exclude the first R50,000 of a capital gain in the 2026 tax year, with 40% of any gain above that added to their taxable income.

The core argument from critics is that capital gains should be calculated on real, inflation-adjusted returns rather than nominal gains, since a 10% nominal return during a period of 6% inflation only represents a 4% real return.

Understanding how CGT applies to your investments can make a meaningful difference to your after-tax returns.

Contact My Guys for tailored investment tax planning.

Michael Treherne, a director at Vestact Asset Management, said that Capital Gains Tax (CGT) penalises people for being good savers and investors.

17/08/2026

SARS has implemented stricter documentation requirements and enhanced scrutiny processes for businesses engaged in related-party transactions, particularly those with international connections.

Companies must now provide more comprehensive evidence, detailed economic analyses, and robust documentation to support their transfer pricing positions during disputes.

The burden of proof has effectively shifted, requiring taxpayers to demonstrate compliance with arm's length principles more rigorously than ever before.

These changes reflect global trends toward greater transfer pricing transparency and could significantly impact multinational businesses operating in South Africa.

We can help with specialized transfer pricing compliance and dispute resolution services.

14/08/2026

📅 **PROVISIONAL TAX DUE – 31 AUGUST 2026**

Are you earning income outside of your normal salary — such as **rental, freelance, business or investment income**?

You may be a **provisional taxpayer**.

💡 Provisional tax is **not an additional tax**. It’s a way of paying your expected income tax during the year instead of facing a large tax bill later.

⚠️ Your first provisional tax payment for the 2027 tax year is due **31 August 2026**.

Not sure if provisional tax applies to you?

📩 Contact us and we’ll help you determine your obligations and submit your IRP6 on time.

12/08/2026

You made an "honest mistake" but that's not enough anymore.

SARS is tightening the rules and taxpayers can no longer rely on the “honest mistake” defence as easily as before.

Penalties and compliance risk are becoming more serious, which makes your accuracy more important than ever.

My Guys can help you stay on top of the tiny details.

This is the Sars commissioner's warning to fraudsters as the tax agency prepares for the 2026 filing season.