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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 3 days ago

Greater tax incentives needed for education

In the past, there has been a significant increase in taxpayers voicing their belief that a tax revolt is the correct way to deal with the current crisis of confidence in government. However, despite higher taxes on individual taxpayers, it is not the quantum of tax that is of substantial concern but how tax collections are used...

By Patricia Williams 9 Jun 2017

Online gamblers forfeit R1m winnings to State

Illegal gamblers have forfeited over R1 million of their winnings to the State, says Trade and Industry Minister Rob Davies...

29 May 2017

Is tax resistance a legit form of revolt?

At the 2016 Tax Indaba, Sars Commissioner Tom Moyane called for ‘tax morality'...

By Patricia Williams 23 May 2017

Sars to clamp down on profit shifting by multinationals

Sars has beefed up its transfer fund division to stop multinational companies shifting their profits out of the country to more tax-friendly jurisdictions...

16 May 2017

National Consumer Tribunal ruling could cost Edcon millions

A ruling by the National Consumer Tribunal looks set to wipe out much of Edcon's R400m-a-year club-fee income...

By Ann Crotty 4 May 2017

President Zuma signs the FICA Bill

President Jacob Zuma has signed the Financial Intelligence Centre Amendment (FICA) Act, which amends the Financial Intelligence Centre Act, 2001...

2 May 2017

Davis committee to mull wealth tax

The Davis tax committee has begun its investigations into a possible wealth tax...

By Linda Ensor 26 Apr 2017

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

Are there tax benefits to providing free employee transport?

SARS has released Binding Private Ruling 262 (BPR 262) on 30 January 2017 and Binding General Ruling (Income Tax) 42 (BGR 42) on 22 March 2017, both of which deal with the issues of whether free transport for employees is a fringe benefit.

By Louis Botha 3 Apr 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

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

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

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International

China, Hong Kong top hubs for fake goods: Europol

China and Hong Kong are overwhelmingly the largest shipment centres for fake goods sold around the world, in a growing, complex battle against sophisticated counterfeiters, Europe's police agency said Thursday.

3 days ago

Google faces record EU anti-trust fine: sources

BRUSSELS, Belgium: The EU's powerful anti-trust regulator will decide a historic case against Google in the coming weeks that could see the internet giant hit with a record fine, sources said on Friday, 16 June 2017.

19 Jun 2017

Ridiculed Trump tweet prompts new legislation

WASHINGTON, USA: A much-lampooned - and now-deleted - tweet by President Donald Trump has spurred a serious legislative effort aimed at stopping him from erasing his many misspelled missives and other online messages.

13 Jun 2017

France fines Facebook for data protection breaches

PARIS, France: France's data protection agency said Tuesday it had fined Facebook for collecting information on users without their knowledge, following a probe of the social network in cooperation with other European regulators.

18 May 2017

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