Legal Trends 2018

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Sars refutes illegal VAT payments to Guptas

The South African Revenue Service (Sars) said it did not make irregular value-added tax (VAT) refunds to Gupta-owned Oakbay Investments...

1 day ago

VAT hike could have been avoided if corruption had been cut, Judge Dennis Davis says

A hike in the value-added tax (VAT) rate, which kicks in at the end of March, could have been avoided, Judge Dennis Davis, chair of the Davis Tax Commission, said.

By Asha Speckman 3 days ago

France to take legal action against Google, Apple for 'abusive' practices

PARIS, France - France will take legal action against Google and Apple for "abusive business practices", Finance Minister Bruno Le Maire said on Wednesday as transatlantic ties threaten to be riven by a trade war...

15 Mar 2018

Voluntary retrenchment may no longer be an easy sell

The current Sars IRP3 Completion Guide, which aids employers in completing tax directive applications for their employees, appears to introduce a distinction between voluntary and involuntary severance benefits...

By Stephan Spamer, Lauren Salt, and Ryan McKerrow 9 Mar 2018

Ntsebeza Inquiry delayed yet again

The Ntsebeza Inquiry into the conduct of former KPMG employees ground to a halt again on Thursday following a two-week postponement.

By Kyle Cowan 9 Mar 2018

Law ensures VAT will rise on 1 April

It is legally and practically impossible for the value-added tax (VAT) increase announced in the budget to be reversed by Parliament before the implementation date of 1 April 2018 as trade unions and civil society groups are demanding...

By Linda Ensor 5 Mar 2018

#Budget2018: Tax bites the rich, but not as badly as predicted

All the predictions ahead of the Budget Speech were far worse than what actually transpired, including the impact on wealthier South Africans, which wasn't as severe as it could have been...

22 Feb 2018

#Budget2018: Medical aid credits stay, but NHI funding model still unclear

The approximately eight-million people in South Africa who rely on medical tax credits to subsidise the cost of existing medical aid schemes can breathe a sigh of relief...

By Lebo Motsumi 22 Feb 2018

Sars welcomes Presidential tax inquiry

The South African Revenue Service (Sars) has welcomed President Cyril Ramaphosa's announcement of an inquiry into tax administration and governance at the revenue service...

20 Feb 2018

Sars to hold sugar tax roadshows in March

The South African Revenue Service (Sars) will engage industry stakeholders on the Sugary Beverages Levy...

13 Feb 2018

Tax break for voluntarily retrenched employees

Sait recently made submissions to Sars regarding the tax treatment of amounts received in consequence of voluntary retrenchments. Sait has received clarification that voluntary severance packages qualify as severance benefits...

By Joon Chong, Dhevarsha Ramjettan, Nivaani Moodley a 12 Feb 2018

FICA: Being an accountable institution and following client due diligence

The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawful activities. However, the regulations therein not only pertain to transgressors of the Act, but also companies involved in a business relationship with those companies...

By Hondo Swartz 9 Feb 2018

SARB imposes administrative sanctions on China Construction Bank

The Reserve Bank has imposed administrative sanctions on the China Construction Bank (CCB) Corporation, Johannesburg branch, for non-compliance with the Financial Intelligence Centre Act...

5 Feb 2018

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In blockbuster antitrust trial, Big Tech looms in background

WASHINGTON, USA - In the biggest antitrust court battle in decades, the US government will seek to block the merger of AT&T and Time Warner to prevent the creation of a powerful new television behemoth.

23 hours ago

'Panama Papers' law firm shuts down operations

PANAMA CITY, Panama - The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced on Wednesday it would shut down operations, citing negative press and what it called unwarranted action by authorities.

16 Mar 2018

Why the e-cigarette industry needs global regulations

The e-cigarette industry has been increasingly viewed as one of the most disruptive changes in the tobacco market, with vapes now commonly perceived as an alternative to traditional tobacco products.

By Tanusree Jain 8 Mar 2018

A South African's guide to moving to and making it in Malta: A capital of knowledge

How does a nation get ahead in the global economy if its landmass and population size is small? Although I hadn't thought much about it previously, an article in the Times of Malta made me think of my newly adopted homeland rather differently. The answer is to position yourself as a player in the knowledge economy.

By Marcus 'The Maltese Falcon' Brewster 2 Mar 2018

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