Taxation in South Africa

Twin tax bills and their impact on other Acts

The two new tax bills are already causing a stir over the proposed amendment that South Africans working abroad will no longer be exempt from double taxation. However, there are several other amendments that will affect employers and employees, and have an impact on other labour-related legislation.

What the new bills mean to corporate taxpayers

Two pieces of tax legislation have been published and are currently open for public comment before the final legislation is passed by parliament...

Expats to be affected by new tax laws

The National Treasury has published draft tax law amendments for 2017, which contains details on tax treatment of South Africans performing their employment abroad...

By Jerry Botha 1 day ago

FMF questions NHI financing model

The latest iteration of the NHI is no closer to defining what the scheme will cost ...

2 days ago

What the new bills mean to corporate taxpayers

Two pieces of tax legislation have been published and are currently open for public comment before the final legislation is passed by parliament...

By Kemp Munnik 2 days ago

Once tax-free, Saudi Arabia starts expat levy

Saudi Arabia said it had begun taxing foreigners working in the private sector as part of fiscal reforms...

7 Jul 2017

BBBEE Commission plans to stamp out fronting

The BBBEE Commission made it clear that the ownership element is being adequately and sustainably addressed...

By Soria Hay 6 Jul 2017

Sars takes aim at high-net-worth individuals

The South Africa 2017 Wealth Report indicates that the country is home to some 40,400 high-net-worth individuals (HNWI) with a combined wealth of $171bn...

5 Jul 2017

Will you have a medical aid under NHI?

The days of medical aid schemes may be numbered as government says it will be the single funder of medical services...

By LAURA LOPEZ GONZALEZ 5 Jul 2017

Medical scheme members likely to lose their tax credits under NHI

Medical scheme members are likely to lose their tax credits to help pay for the first set of benefits to be rolled out under NHI...

By Tamar Kahn 30 Jun 2017

Planning on selling shares in your company?

Many business owners who are in the process of selling shares forget that, in addition to the normal income tax/capital gains tax implications to such sales, there is another tax which is also payable, viz. Securities Transfer Tax...

By Desiree Goodwin, Issued by Meredith Harington 29 Jun 2017

ETI needs revision to ease the admin burden

Although the motives are good, the negative impact of the ETI is that it places an administrative burden on payroll departments...

By Lavine Haripersad 23 Jun 2017

Treasury rejects claims of calamitous job losses from sugar tax

Treasury has rejected claims of calamitous job losses resulting from the imposition of a health promotion levy...

By Linda Ensor 22 Jun 2017

Finance Minister gazettes provisions of FICA Act

Finance Minister Malusi Gigaba has signed and gazetted the coming into operation of various provisions of the Financial Intelligence Centre Amendment (FICA) Act, 2017...

14 Jun 2017

Chad settles tax dispute with foreign oil firms

N'DJAMENA - Chad, one of the African countries hit hardest by the drop in oil prices, announced that it had reached an accord with a group of foreign energy companies ending a tax dispute...

12 Jun 2017

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