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Incentives proposed to reward saving taxpayers
Incentives proposed to reward saving taxpayers

National Treasury wants people to look into taking up non-retirement savings products as the current household savings study paints a bleak picture of the future...

26 Nov 2014 10:02

Reportable arrangements: Proposed Replacements of existing notices
Reportable arrangements: Proposed Replacements of existing notices

Section 35(2) of the Tax Administration Act, No 28 of 2011 (TAA), currently provides that an arrangement will be reportable, among others, if it is listed as such by the Commissioner for the South African Revenue Service (SARS) by public notice, and if the commissioner is satisfied that the arrangement may lead to an undue tax benefit...

By Megan McCormack 25 Nov 2014 11:29

Struan Robertson
Chaos is costly but compliance creates opportunity

The regulatory environment is extremely taxing (pun mostly intended). Consider from afar the effects of these regulations on companies in South Africa, the cost of not complying, potential internal issues and the opportunities presented...

By Struan Robertson, Issued by Meredith Harington 25 Nov 2014 09:59

Sarb's decision to leave interest rate unchanged is good news for home buyers
Sarb's decision to leave interest rate unchanged is good news for home buyers

Following yesterday's announcement by the South African Reserve Bank, rates will remain unchanged for this quarter, which means that the prime lending rate is still 9.25%...

21 Nov 2014 11:00

Repo rate unchanged at 5.75%
Repo rate unchanged at 5.75%

The repo rate will remain unchanged at 5.75%, new Reserve Bank Governor Lesetja Kganyago said on Thursday...

21 Nov 2014 08:13

Products with performance fees will not qualify as tax-free savings accounts: Treasury
Products with performance fees will not qualify as tax-free savings accounts: Treasury

In draft regulations on tax-free savings accounts‚ due to apply from March next year‚ the Treasury says products with performance fees will not qualify...

21 Nov 2014 07:39

Tax Statistics bulletin reveals areas of growing concern
Tax Statistics bulletin reveals areas of growing concern

The SA Revenue Services (SARS) and the National Treasury released an annual Tax Statistics bulletin at the beginning of November, which tables revenue collection and provides insights into economic indicators...

17 Nov 2014 14:16

State awaits investigation on Sars spying and brothel allegations
State awaits investigation on Sars spying and brothel allegations

Government yesterday remained mum on a further raft of serious allegations against the South African Revenue Service (Sars) including the running of a brothel published in the weekend press...

11 Nov 2014 08:13

New withholding tax on interest soon into operation
New withholding tax on interest soon into operation

With the new withholding tax on interest soon coming into operation on 1 March 2015, preparations by affected parties for the tax should be well under way.

By Graeme Palmer 7 Nov 2014 07:59

Government must control spending: deputy minister
Government must control spending: deputy minister

While working to reduce poverty and inequality, South Africa also needs to control the amount of government borrowing, says Finance Deputy Minister Mcebisi Jonas.

6 Nov 2014 05:25

Citizens pay even more tax than firms
Citizens pay even more tax than firms

The South African tax burden has steadily increased over the past four years with individual taxpayers bearing the biggest part of it as the gap between their contributions and that of companies continues to widen.

5 Nov 2014 13:37

Promethium Carbon geared to conduct pilot carbon offset trade
Promethium Carbon geared to conduct pilot carbon offset trade

In preparation for a future local carbon offset trading programme, Promethium Carbon aims to conduct a pilot carbon offset trade by the end of this year.

3 Nov 2014 08:30

South Africa pushing ahead with carbon tax
South Africa pushing ahead with carbon tax

South Africa's strategy to make a contribution towards greenhouse gas (GHG) emission mitigation was adopted by government in 2011 when the South African Cabinet approved the Carbon Tax Policy Paper.

By Happy Masondo 31 Oct 2014 09:51

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