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BizTrends 2017

Download the complete BizTrends 2017 PDFs with over 100 trends contributors across 18 industry sectors.

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SARB's new loop structure allows foreign investment for startups

Local unlisted research and development companies can establish companies offshore in order to obtain foreign investment without prior approval...

18 Apr 2017

BevSA wants more time on sugar tax

BevSA is asking for more time for a total dietary study to be done on obesity before the new tax on SSBs is introduced...

4 Apr 2017

Donations and tax

The aim of this article is to alert individuals to donations tax considerations over and above the utilisation of the full R100,000 annual exemption which will inevitably be used to a great degree now that section 7C has been introduced...

By Struan Robertson, Issued by Meredith Harington 23 Mar 2017

Sars issues rulings on non-executive directors' fees

IThe South African Revenue Service (Sars) has issued Binding General Rulings 40 and 41, which clarify NED fees are subject to PAYE or VAT..

By Graeme Palmer 22 Mar 2017

Investigation to throw light on tax refunds

The ombud is investigating to see whether Sars is withholding refunds to boost tax revenue artificially...

22 Mar 2017

Tax ombudsman asks to probe delayed refunds

Tax Ombudsman Judge Bernard Ngoepe has written to Finance Minister Pravin Gordhan, asking for permission to launch a probe into whether "systemic problems" SARS are the reason for widespread delays in the payment of refunds...

13 Mar 2017

The Sugar Tax: implications for the cane industry, obesity and consumer behaviour

The biggest concern is that the implementation of tax on sugary beverages will have serious implications for the sugarcane industry in the medium to long term as it will cascade down the value chain...

By Hamlet Hlomendlini 8 Mar 2017

Multinationals under the spotlight in 2017 Budget Speech

In his recent budget speech, South African Minister of Finance, Pravin Gordhan, emphasised that combating tax avoidance by multinational enterprises is still a top priority...

By Noxolo Ntombela 3 Mar 2017

Sugar tax and asset disclosures could add R1bn to budget revenue

There were several potential tax revenue windfalls that could increase the 2017-18 budget revenue estimate by more than R1bn, Treasury officials said in Parliament...

3 Mar 2017

Gordhan set to amend tax laws over collection

Finance Minister Pravin Gordhan plans to amend tax laws to compel South African Revenue Service commissioner Tom Moyane to improve his tax collection accountability...

2 Mar 2017

But what about growth, Mr Gordhan?

Commentators have lauded the finance minister on a well-crafted budget, some even stating that it was a political masterstroke. But, are these descriptions accurate?..

By Tertius Troost 2 Mar 2017

Political instability affects SA's tax base

A huge deficit, high unemployment numbers and people dependent on social grants are indicators that South Africa's economy is not well...

27 Feb 2017

The 2017 Budget Speech from an agribusiness perspective

According to Agbiz CEO Dr John Purchase this year's budget speech, from an agribusiness perspective, comes against the backdrop of high food price inflation, a recent positive upturn in agribusiness confidence, and...

23 Feb 2017

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Tesco dives into red on accounting scandal

LONDON - Supermarket giant Tesco revealed on Wednesday that it fell into an annual net loss of 40 million due to a costly accounting scandal at Britain's biggest retailer.

13 Apr 2017

India's Flipkart raises US$1.4bn from Microsoft, eBay, Tencent

MUMBAI, India: India's top e-commerce company Flipkart announced on Monday it had raised $1.4 billion in a record funding round that shores up the online retail giant in its fight against Amazon.

11 Apr 2017

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