Taxation in South Africa

Extending CFC rules to foreign trusts and foundations

The draft Taxation Laws Amendment Bill extends the existing controlled foreign company (CFC) rules to include foreign trusts and foundations, and foreign companies...

Treasury to amend foreign tax plan

The Treasury has agreed to significantly amend its proposal to repeal the 183-day tax exemption on income earned abroad...

18 Sep 2017

Treasury plans R10bn special appropriation bill to keep SAA afloat

Treasury plans to bring a R10bn special appropriation bill to Parliament before the end of the month to provide SAA with capital to continue operating...

By Linda Ensor 14 Sep 2017

Sars has a R13bn shortfall, as sluggish economy takes toll on state coffers

Tax revenue in the first quarter of the current financial year to end-June was R13.1bn lower than the printed estimate...

By Linda Ensor 13 Sep 2017

Regulations on cross-border intellectual property transactions to be relaxed

The 2017 Budget announced that the regulatory framework regarding cross-border intellectual property transactions is to be relaxed, for both tax and exchange control purposes...

By Sean Gilmour 6 Sep 2017

Treasury opts to defer sugar tax implementation

Implementation of the health promotion levy - previously known as the sugar-sweetened beverages tax - will be delayed until April 2018...

6 Sep 2017

Gigaba set to appoint new Treasury chiefs

The top management at the Treasury is soon to change significantly, with five positions for deputy directors-general vacant...

6 Sep 2017

Twin Peaks regulatory finance model moves one step closer

The President has signed the Financial Sector Regulation Act, which was published in the Government Gazette on 22 August 2017. The Act will come into effect on a date to be determined by the Minister of Finance...

By Jen Stolp and Chantél Bredenhann 5 Sep 2017

Tax ombud finds Sars employs delaying tactics

The investigation by tax ombud Judge Bernard Ngoepe into the alleged delayed payment by Sars of VAT refunds has found the complaints are justified...

5 Sep 2017

Rehabilitation funds tax plan leaves regulations gap

The proposed tax measures to curb mining-rehabilitation fund abuse missed an opportunity to differentiate between tax law and mining regulations...

By Betsie Strydom and Wandisile Mandlana 29 Aug 2017

Extracting value from your business

Meredith Harington director Struan Robertson presents some important considerations and food for thought for business owners with regard to extracting value from a business...

By Struan Robertson, Issued by Meredith Harington 28 Aug 2017

New Companies Act streamlines ways of doing business

Proposed amendments to the Companies Act of 2008 are aimed at aligning problem areas and enhancing interpretation of its provisions...

25 Aug 2017

Sars amnesty for hidden assets a flop

The tax amnesty for undeclared foreign assets, which the government had hoped would yield billions of rand in additional revenue, has been a flop...

22 Aug 2017

Banks get more power to block accounts

There has been an expansion of banks' power to hold funds on suspicion of a tax offence, as proposed in the 2017 draft Taxation Laws Amendment Bill and draft Tax Administration Laws Amendment Bill...

By Rudi Katzke 16 Aug 2017

International

Estate planning tips for the busy entrepreneur

Being an entrepreneur is an exciting lifestyle that many people dream of having. But being an entrepreneur also comes with its challenges. One of those difficult subjects that many entrepreneurs put off is estate planning. Let's face it, no one likes to think about estate planning but it's a fact of life that must be addressed. Today, we are going to learn some tips that will help you get started.

By Boris Dzhingarov, Issued by Monetary Library 20 Sep 2017

How you can save money

We're not the first to say saving money isn't easy, but it's not totally impossible. Whether you have bad shopping habits, compare your lifestyle to others or don't have any financial saving goals, saving money is just as important as living your version of the highlife. If you're in need of some cash fast, consider short-term loans online. Short-term loans are great for those who find themselves in an emergency or need some extra cash to last them until payday. Better yet, they are designed for you to pay back over a short period of time comfortable for you. Find out how you can save money below.

By Boris Dzhingarov, Issued by Monetary Library 19 Sep 2017

On time is late - preparing for late payments

No one wants to get paid late. But sadly, late payments are a fact of life for most entrepreneurs, and an accepted aspect of doing business today. It's an omnipresent scourge that's even been cited as one of the top three reasons that small businesses fail. As difficult as late payment is to deal with, however, it's virtually inevitable in today's market. So let's consider what we can do to be ready for late invoice payments.

By Boris Dzhingarov, Issued by Monetary Library 1 Sep 2017

Whoppercoin: Burger King launches its own cryptocurrency

Ever wanted to eat fast food and invest in cryptocurrency at one place? No? What's wrong with you? Anyway, Burger King has announced the formation of a new cryptocurrency in Russia, dubbed Whoppercoin.

By Hadlee Simons 30 Aug 2017

UK-focused property stocks looking attractive

Though the share prices of some UK-focused property stocks have recovered somewhat in recent months, most are still down 10-20% over 12 months as uncertainty lingers about how Brexit will play out.

28 Aug 2017

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