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Sugar tax and its bitter economic aftertaste

The tax on sugary beverages is expected to commence on 1 April 2018. Is it really a measure to promote a healthier lifestyle among South Africans, or is it a ruse to add more money to state coffers?

By Joon Chong and Wesley Grimm 19 hours ago

How a cleverly prepared contract can save millions

The recent matter of The Commissioner for SARS v Reunert Ltd highlights the importance of possessing an intimate understanding of contractual principles when drafting an agreement...

By Christopher Renwick 6 Dec 2017

Tax increases to hit retirement savings

We all know tax increases are on its way, the question is which tax types and by how much...

By Jerry Botha 5 Dec 2017

Moyane maintains Makwakwa is cleared to return

After 27 days Sars commissioner Tom Moyane has "broken his silence" on the controversial return of Jonas Makwakwa to the tax collection agency...

By Kyle Cowan 28 Nov 2017

National Assembly approves sugar tax

The bill providing for the implementation of a tax on sugary beverages - the health promotion levy - was passed by the National Assembly on Tuesday...

22 Nov 2017

Europe turns on Facebook, Google for digital tax revamp

They have revolutionised the way we live, but are US tech giants the new robber barons of the 21st century, banking billions in profit while short-changing the public by paying only a pittance in tax...?

20 Nov 2017

Ruling on special tax provision spells good news for franchise operators

In a recent landmark case, the Tax Court upheld that a very special, and mostly under-utilised tax deduction allowed by section 24C of the Income Tax Act, No. 58 of 1962, may be applied to franchisee costs...

By Natasha Wilkinson 16 Nov 2017

Oil and gas tax needs tweaks, not overhaul, says Davis Tax Committee

No major changes to the existing fiscal regime for the oil and gas industry have been proposed by the Davis Tax Committee...

By Linda Ensor 15 Nov 2017

Davis commission calls for mining sector's upfront capex tax to be scrapped

The Davis Tax Committee has recommended that the special tax regime for the mining sector be abolished...

By Linda Ensor 14 Nov 2017

SA needs a tax bill of rights to govern how Sars treats taxpayers

The Davis Tax Committee has recommended SA adopt a taxpayer bill of rights...

By Linda Ensor 13 Nov 2017

ConCourt gives Sassa December deadline

Social Development Minister Bathabile Dlamini has welcomed the Constitutional Court's directives to Sassa to deliver a comprehensive plan to the court by 8 December 2017, detailing how it will pay more than 17 million grant recipients...

13 Nov 2017

'Suspicious' SARS deposits not probed

As South African Revenue Service (SARS) commissioner Tom Moyane braces for an inquiry into the administration of the tax agency, further damaging revelations emerged on the investigation into its second-in-charge, Jonas Makwakwa...

By Natasha Marrian 10 Nov 2017

Bills on 'sugar tax' and tax exemption adopted in Parliament

Parliament's finance committee has adopted bills on a health promotion levy and amending the tax exemption for income earned by South Africans working abroad...

By Linda Ensor 10 Nov 2017

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International

Indonesia's selfie-snapping monkey named PETA's 'Person of the Year'

JAKARTA,Indonesia: An Indonesian monkey who shot to fame after it snapped a grinning selfie - and sparked a landmark US copyright case - was named "Person of the Year" by PETA, the animal rights group that took on the simian's cause.

6 Dec 2017

Myanmar jails filming crew for two months over drone use

YANGON, Myanmar: A Myanmar court sentenced a foreign filming crew and their local colleagues to two months in prison Friday for flying a drone over parliament, their lawyer said.

10 Nov 2017

Malaysia rescues 140 pangolins from suspected smugglers

Dozens of live pangolins were seized from suspected traffickers close to Malaysia's border with Thailand, officials said Wednesday, 8 November, thwarting the latest attempt to smuggle the critically endangered creatures.

10 Nov 2017

Keep your business safe during divorce

Happily ever after isn't a given after you say, "I do," unfortunately, and if the divorce comes around, all your financial assets could be at risk. Divorce is a harrowing ordeal for anyone, but when you're a small-business owner, it can affect even that.

By Boris Dzhingarov, Issued by Monetary Library 1 Nov 2017

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