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Overlap in treatment of dividend

Section 1 of the Income Tax Act (ITA) defines a "dividend" to be any amount transferred by a resident company for the benefit of any person in respect of any share in that company whether by way of a distribution or consideration for a share repurchase but does not exclude a reduction of contributed tax capital of the company...

By Joon Chong, Issued by Webber Wentzel 1 day ago

Explainer: who will be doing what under South Africa's new 'Twin Peaks' model

South Africa has started implementing a new regulatory regime for the financial sector. Known as Twin Peaks, the approach was first adopted in Australia in 1998...

By Andrew Schmulow 21 May 2018

ISCC Group entered into joint venture with Europlaw Group

Ithuba Savings Credit Corp Limited representing ISCC Group, conducting business mainly in Indonesia and Germany agreed to enter into a formal mutual business collaboration of appointing Europlaw Group as its legal and accounting team for their group of companies internationally...

Issued by Europlaw 18 May 2018

Nations in new push to boost intra-Africa trade

The AfCFTA's potential as a tool for driving industrialisation, economic diversification and development was highlighted at the start of the UN Economic Commission for Africa's Conference of Ministers...

By Benjamin Ouma 15 May 2018

Panel of experts on VAT calls for submissions

The Independent Panel of Experts, set up to review the current list of zero-rated Value Added Tax (VAT) items, has invited all interested stakeholders to make written submissions for their consideration...

11 May 2018

New tax laws: What are SA expats' options?

South African expatriates need not only understand the new expatriate tax law, but also act on it or face dire tax consequences...

By Jonty Leon 3 May 2018

Saipa: Non-compliant tax practitioners risk deregistration

The South African Institute of Professional Accountants (Saipa) has urged its tax practising members to ensure they are compliant with Sars requirements...

2 May 2018

Fairplay appeals for additional time for VAT expert panel

FairPlay is appealing to the Minister of Finance, Nhlanhla Nene, to allow additional time for the panel of experts reviewing the list of VAT zero-rated food items...

30 Apr 2018

Minister appoints panel to review zero-rated products

Finance Minister Nhlanhla Nene has appointed a panel that will review the current list of VAT zero-rated products...

25 Apr 2018

How will Sars tax cryptocurrencies?

South Africa has chosen to tax cryptocurrency in line with the trends of countries such as the United States (US), India and Canada...

By Candice Gibson 23 Apr 2018

Paperless customs reporting system launches

The South African Revenue Service (Sars) will introduce a new electronic cargo reporting system which will be able to track the movement of cargo coming into and leaving the country this weekend...

20 Apr 2018

The (un)certainty of taxes: Is the 1 January 2019 implementation date for carbon tax possible?

Many argue that a carbon tax effective from 1 January 2019 and as currently framed, is achievable, but not necessarily the best mechanism...

By Justine Sweet, Issued by LexisNexis 19 Apr 2018

Failure to submit tax returns can get you a criminal record

Taxpayers who do not submit their tax returns will end up with a criminal record, the South African Revenue Service (SARS) said on Monday...

16 Apr 2018

Changes to controlled foreign company tax laws

The controlled foreign company (CFC) rules are aimed at preventing South African taxpayers from locating companies in low tax jurisdictions in an effort to avoid paying South African tax.

By Nola Brown and Sean Gilmour 13 Apr 2018

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