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SARS clamps down on share buy backs

In practice taxpayers often enter into arrangements in terms of which a company buys back its own shares held by certain shareholders, and immediately thereafter issues new shares to new shareholders...

By Mareli Treurnicht 25 Mar 2015 08:23

Willingness to pay taxes has sunk to new levels

The Minister of Finance's announcement during his budget speech that personal income tax will be increased for the first time in 20 years, is going to test the willingness of citizens to pay tax...

23 Mar 2015 11:13

SARS advisory committee announced

Finance Minister Nhlanhla Nene has announced the members of the advisory committee that has been set up to attend to governance matters at the South African Revenue Service (SARS)...

23 Mar 2015 10:54

Fuel tax not so high after all

Even after finance minister Nhlanhla Nene slapped motorists with a huge tax bill, filling up at local petrol stations is cheaper here than in most other countries...

23 Mar 2015 06:13

Unreasonable delays can prejudice taxpayers

In a recent judgment, Ackermans Limited v Commissioner for the South African Revenue Service (SARS), the Gauteng High Court was asked to review and set aside a SARS decision to raise additional assessments...

By Graeme Palmer 19 Mar 2015 07:37

Tax benefits of public-private partnerships

It is becoming commonplace for government to enter into arrangements with a private party where the government provides land for the construction or improvements to buildings by the private party without parting with ownership of the land...

By Graeme Palmer 13 Mar 2015 07:39

Final notice and regulations for tax-free investments approved

On 20 February 2015, National Treasury issued a media statement indicating that the Minister of Finance approved the final notice and regulations introducing tax-free investments, which came into effect on 1 March 2015...

By Mareli Treurnicht 11 Mar 2015 07:15

SCA clarifies relationship between VAT vendor and SARS

The basic principle of VAT is that a vendor must account to the South African Revenue Service (SARS) for output tax on taxable supplies made after deducting any input tax incurred by him...

By Graeme Palmer 9 Mar 2015 10:10

Time for SA firms to tackle a taxing issue

There have recently been some well-publicised examples of multinationals buckling under pressure because they were perceived to be paying too little income tax...

9 Mar 2015 08:04

SARS releases ruling on sale of shares

The South African Revenue Service (SARS) released Binding Private Ruling No 189 on 19 February 2015, which dealt with the sale of shares subject to suspensive conditions...

By Heinrich Louw 5 Mar 2015 08:34

Government's strategy on right path towards fixing the economy

The Minister of Finance's 2015 Budget is a bitter sweet one for high net worth individuals, with this year's tax blow softer than expected, and good news on foreign regulations...

5 Mar 2015 08:02

Budget kind to middle-income earners and SMEs

Government is not planning to overburden tax payers. This was the key message for delegates at the Deloitte Budget breakfast held in Cape Town recently...

4 Mar 2015 08:40

SA employers under pressure to prepare payrolls for 2015/6 budget

South African employers must act quickly to prepare their payroll systems and processes for the new tax brackets and calculations...

By Madelein van der Watt 3 Mar 2015 08:02

Tax relief for small businesses a positive incentive

Ethel Nyembe, head of Small Enterprise at Standard Bank, says small businesses in South Africa can breathe a sigh of relief following Finance Minister, Nhlanhla Nene's, announcement that businesses with turnovers of below R1m a year will have their tax rates reduced from 6% to 3%...

2 Mar 2015 10:11

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Tax Business Analyst
Johannesburg
Senior Investment Consultant
Johannesburg

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