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Ruling on special tax provision spells good news for franchise operators

In a recent landmark case, the Tax Court upheld that a very special, and mostly under-utilised tax deduction allowed by section 24C of the Income Tax Act, No. 58 of 1962, may be applied to franchisee costs...

By Natasha Wilkinson 16 Nov 2017

Proposed mining financial provisioning regs will overhaul the NEMA

The Proposed Regulations Pertaining to the Financial Provision for Prospecting, Exploration, Mining or Production Operations were published for comment last week.

By Garyn Rapson and Kirsty Kilner 15 Nov 2017

Oil and gas tax needs tweaks, not overhaul, says Davis Tax Committee

No major changes to the existing fiscal regime for the oil and gas industry have been proposed by the Davis Tax Committee...

By Linda Ensor 15 Nov 2017

NHI could mean uncomfortable trade-offs, Davis Tax Committee warns

The government's current proposals for National Health Insurance (NHI) are unlikely to be sustainable unless there is sustained economic growth...

By Tamar Kahn 15 Nov 2017

Davis commission calls for mining sector's upfront capex tax to be scrapped

The Davis Tax Committee has recommended that the special tax regime for the mining sector be abolished...

By Linda Ensor 14 Nov 2017

SA needs a tax bill of rights to govern how Sars treats taxpayers

The Davis Tax Committee has recommended SA adopt a taxpayer bill of rights...

By Linda Ensor 13 Nov 2017

'Suspicious' SARS deposits not probed

As South African Revenue Service (SARS) commissioner Tom Moyane braces for an inquiry into the administration of the tax agency, further damaging revelations emerged on the investigation into its second-in-charge, Jonas Makwakwa...

By Natasha Marrian 10 Nov 2017

Bills on 'sugar tax' and tax exemption adopted in Parliament

Parliament's finance committee has adopted bills on a health promotion levy and amending the tax exemption for income earned by South Africans working abroad...

By Linda Ensor 10 Nov 2017

Gigaba asks Zuma to establish inquiry into Sars

Finance minister Malusi Gigaba has approached President Jacob Zuma to urgently establish an inquiry into the tax administration and governance of the Sars...

By Asha Speckman 8 Nov 2017

Six proven benefits of VAT automation for a better tax system

Technology today has been a huge help to various forms of businesses and so, too, with the global VAT system...

Issued by Dexon Limited 7 Nov 2017

Free healthcare for all: A political fairytale

Free healthcare for all is not only a long-standing election promise, but also the cornerstone of the National Health Insurance White Paper...

2 Nov 2017

Your will - is your executor qualified?

We all want to ensure that our loved ones are not unnecessarily burdened with complications after our death. One way to ensure that this does not occur is to appoint a suitably qualified executor...

By Desiree Goodwin, Issued by Meredith Harington 31 Oct 2017

Makwakwa to return to SARS as hearing finds him not guilty

The South African Revenue Service's (Sars) second in charge, Jonas Makwakwa, returns to the institution as chief officer for group and individual tax on November 1...

By Natalie Marrian 31 Oct 2017

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International

BBM Messenger's Adam Pattison on chat, dark social and the new mobile economy

On his visit from London to South Africa for the MMA (Mobile Marketing Association) Forum in Johannesburg on 2 November and Mobile Monday in Cape Town on 6 November, Adam Pattison, vice president, Americas & EMEA at BBM Messenger, shared insights into chat or dark social and how this is shaping the mobile economy.

By Jessica Tennant 1 day ago

Strengthening of trade, investment ties at Africa ASEAN Business Expo

A delegation from South Africa's Black Business Council recently held talks in Johannesburg with business leaders from Singapore and Malaysia on potential investment and bilateral trade.

16 Nov 2017

How fintech is breaking down barriers in the EU

When thinking about financial technologies, it is natural to assume the term stands for recent developments. Fintech, however, is not a newcomer, but has been a column of the financial industry for the past 60 years or so.

By Boris Dzhingarov, Issued by Monetary Library 15 Nov 2017

WeChat Pay arrives in Paris department stores

PARIS - Chinese tourists visiting Paris are now able to pay for their purchases in two of the city's famous department stores with their smartphones, thanks the adoption of the payment app of the popular Chinese social media network, WeChat.

9 Nov 2017

Redefine Properties to buy 25% stake in another Polish retail portfolio

Redefine Properties, the second largest SA-based property group, is due to expand its offshore property platform with another foray into Eastern Europe. It will acquire a 25% stake in a €1bn retail portfolio of 28 well-established assets in Poland.

By Alistair Anderson 7 Nov 2017

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