As South Africa heads into a recession, good tax planning is essential for companies in order to manage their tax liabilities against cash flow. Janine Bamber of Moore Stephens Durban looks at five ways to be more tax efficient.

Property developers who let out residential units have been dealt a blow, as relief provided for in the VAT Act has come to an end.
 
In terms of current legislation where a VAT vendor acquires assets for the purpose of making taxable supplies and this application changes, whether it be a periodic or permanent change, they are required to make a change of use adjustment and effectively repay to SARS the input tax they would have previously claimed.