What are the Tax implications of gifts received from your employers? During these uncertain and challenging times, it's welcoming to receive a token of appreciation from your employer ahead of the festive season. However, the South African Revenue Service (SARS) may expect to share in your good fortune when your company rewards you with a gift voucher, use of company property for the holidays, or something for your spouse or children.
GUEST: Ms Yolandi Esterhuizen, a registered tax practitioner and Director for Product Compliance, at Sage Africa & Middle East