Latita Africa

Side income should not be dealt with for the first time when the ITR12 is prepared.

In “Underreported Side Income and What Practitioners Miss Before the ITR12”, Roxanna Naidoo examines what happens when consulting fees, freelance work or online income are excluded from provisional tax estimates.

The absence of a tax certificate does not make the income non-taxable. Declaring only the amount transferred by an online platform may also be incorrect where commissions or conversion charges were deducted before settlement.

Practitioners should ask direct questions about additional income, classify material deposits and retain supporting records while the transactions are still recent.

Read the full article in Issue 119 of TaxTalk.

We are pleased to announce that Khanyisile Mabunda, Senior Associate: Tax Legal at Latita Africa, will join an expert panel at the 13th Annual Tax Indaba for a discussion on “The Evolving Landscape of Debts and Shares in Financing”.

The session will examine the continuing tax debate between debt and share financing, including recent developments relating to section 8E and the interest limitation rules under sections 23M and 23N. The panel will also consider how these changes may affect merger and acquisition activity and other financing decisions.

Khanyisile will be joined by Denny da Silva of Baker McKenzie, Stephen Boakye of PwC and Jané Visagie of WTS Renmere.

Time: 11H15 to 12H00

The Dress HER in Dignity mannequin has found its place at Parktown High School for Girls.

Created from handwritten and online messages of affirmation, encouragement and hope, the dress represents women who have been diminished by criticism, exclusion and labels imposed by others.

The learners did more than contribute to an artwork. They considered how their words can help another woman feel heard and recognise her own worth.

We thank Parktown High School for Girls for taking part in this campaign and the Rosebank Killarney Gazette for sharing the story with the wider community.

Read the article:https://www.citizen.co.za/rosebank-killarney-gazette/news-headlines/local-news/2026/09/04/parktown-high-school-for-girls-dress-mannequin-in-dignity-this-womens-month/

Working abroad does not automatically mean your foreign income is exempt from South African tax.

Your tax residence, where the work was performed and the relevant Double Taxation Agreement can all affect where tax may be due and what relief may apply.

A Double Taxation Agreement sets out how taxing rights are allocated between countries and what relief may apply where the same income is exposed to tax in both jurisdictions.

Latita Africa helps South Africans working abroad understand where tax may be due, what relief may apply and how to avoid paying more tax than legally required.

www.latitaafrica.com

0861 528 482

Roxanna Naidoo, Director of Global Strategy at Latita Africa, will be presenting today at on Managing Tax and Fiscal Risk in Mining: From Compliance to Strategic Advantage.

Her discussion will examine how mining groups can identify tax and fiscal exposure across the mining value chain, manage cross-border and royalty risks, and align tax governance with operational and investment decisions.

See you there!

Can an expensive car prove that a taxpayer has undeclared income?
In “SARS Can See the Car: Can It See the Wealth?”, Jemaine Manikus, Founder and Chief Executive Officer of Latita Africa examines how visible spending may trigger a SARS enquiry without necessarily establishing a tax liability.

A property, vehicle or overseas trip tells only part of the story. The funds may have come from finance, accumulated savings, an inheritance, a genuine loan or support from a spouse. What matters is whether the taxpayer can trace the transaction and support the explanation with credible records.

As SARS expands its use of third-party information and data matching, taxpayers with complex financial affairs should document their funding arrangements before an enquiry begins.

Read the full article in Issue 119 of TaxTalk.

Women’s Month has come to an end, but the conversations started through Dress HER in Dignity continue.

Last week, we introduced She Leads, recognising the boss woman who sets clear standards, follows through on her commitments and takes responsibility for the impact of her leadership.

bassey, an entrepreneur, coach and speaker, shares her story of leadership and the responsibility that comes with making decisions that affect others.

Leadership is measured by the responsibility a woman is willing to carry and the accountability she shows for her decisions.

Represented by red, accountability reminds us that leadership is not defined by a title alone. It is demonstrated through honesty, consistency and the willingness to answer for the decisions we make.

Watch and listen here:
YouTube: https://youtu.be/P3Kx0r2IkiE
Spotify: https://spotifycreators-web.app.link/e/HRbrW3FJ65b