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Judge Bernard Ngoepe
Sars' late tax refunds 'may be ploy'

The South African Revenue Service (Sars) has allegedly deliberately withheld tax refunds so it could reach its revenue target...

By Sunita Menon 2 days ago

How do you define a worker in a gig economy?
How do you define a worker in a gig economy?

Uber drivers in the United Kingdom are just one example of how the digitisation is changing the way we define employees...

17 Oct 2017

Proposal to amend debt reduction rules applicable to mining companies
Proposal to amend debt reduction rules applicable to mining companies

Section 36 of the Income Tax Act contains unique provisions which are only applicable to mining operations, and which set out the manner in which redemption allowances and unredeemed capital expenditure are calculated...

By Candice Gibson 16 Oct 2017

Mike Teuchert, National Head of Taxation, Mazars
What to expect when gaining or losing REIT status

The introduction of the Real Estate Investment Trust (REIT) legislation, which came into effect from 1 April 2013, has given rise to a substantial REIT industry...

By Mike Teuchert 16 Oct 2017

SARS collects just over R1bn in offshore amnesty programme
SARS collects just over R1bn in offshore amnesty programme

The South African Revenue Service (SARS) has collected just over R1bn from the Special Voluntary Disclosure Programme (SVDP)...

By Sunita Menon 11 Oct 2017

Tax credits, funding and the NHI
Tax credits, funding and the NHI

A report shows that 1.9-million members might not be able to afford medical aid if the tax credit is scrapped...

By Dr Johann Serfontein 10 Oct 2017

New tax law sees increase in financial emigration
New tax law sees increase in financial emigration

The government's planned changes to the tax law for South Africans working abroad has brought financial emigration into sharp focus...

10 Oct 2017

Finance Minister amends money laundering regulations
Finance Minister amends money laundering regulations

Finance Minister Malusi Gigaba has amended the Money Laundering and Terrorist Financing Control (MLTFC) Regulations, National Treasury said on Tuesday, 3 October 2017...

4 Oct 2017

Mariné Erasmus, head of the health economics practice at Econex
#HASA2017: UHC funding - the great distraction

Quality care, not funding, is the real issue when it comes NHI...

By Nicci Botha 2 Oct 2017

TLAB: Converting debt to equity revisions
TLAB: Converting debt to equity revisions

Treasury's proposed changes in the draft TLAB on converting debt to equity were presented in a workshop...

2 Oct 2017

Hanno le Roux
Taxing of income earned from foreign employment

In this article we will examine what the current income tax legislation stipulates, how this is likely to change in the near future and what proactive steps expats can take to prepare their affairs...

By Hanno le Roux, Issued by Meredith Harington 29 Sep 2017

Scrap it entirely, former Sars staff say
Scrap it entirely, former Sars staff say

Former Sars officials implicated in KPMG's so-called rogue unit report met the international auditing firm and called for the withdrawal the report in its entirety...

29 Sep 2017

Which business start-up costs are tax deductible?
Which business start-up costs are tax deductible?

SARS has provided further guidance on when pre-trade expenditure may be deducted for the purpose of determining taxable income...

By Graeme Palmer 27 Sep 2017

Tom Moyane, South African Revenue Services commissioner. Photo: Sars
Moyane's fishing expedition continues

South African Revenue Service (Sars) commissioner Tom Moyane seems to be embarking on a fishing expedition...

26 Sep 2017

Joon Chong, Webber Wentzel tax specialist
Extending CFC rules to foreign trusts and foundations

The draft Taxation Laws Amendment Bill extends the existing controlled foreign company (CFC) rules to include foreign trusts and foundations, and foreign companies...

By Joon Chong 22 Sep 2017

Treasury to amend foreign tax plan
Treasury to amend foreign tax plan

The Treasury has agreed to significantly amend its proposal to repeal the 183-day tax exemption on income earned abroad...

18 Sep 2017

Photo: SAA
Treasury plans R10bn special appropriation bill to keep SAA afloat

Treasury plans to bring a R10bn special appropriation bill to Parliament before the end of the month to provide SAA with capital to continue operating...

By Linda Ensor 14 Sep 2017

Sars has a R13bn shortfall, as sluggish economy takes toll on state coffers
Sars has a R13bn shortfall, as sluggish economy takes toll on state coffers

Tax revenue in the first quarter of the current financial year to end-June was R13.1bn lower than the printed estimate...

By Linda Ensor 13 Sep 2017

Regulations on cross-border intellectual property transactions to be relaxed
Regulations on cross-border intellectual property transactions to be relaxed

The 2017 Budget announced that the regulatory framework regarding cross-border intellectual property transactions is to be relaxed, for both tax and exchange control purposes...

By Sean Gilmour 6 Sep 2017

Treasury opts to defer sugar tax implementation
Treasury opts to defer sugar tax implementation

Implementation of the health promotion levy - previously known as the sugar-sweetened beverages tax - will be delayed until April 2018...

6 Sep 2017

Gigaba set to appoint new Treasury chiefs
Gigaba set to appoint new Treasury chiefs

The top management at the Treasury is soon to change significantly, with five positions for deputy directors-general vacant...

6 Sep 2017

Twin Peaks regulatory finance model moves one step closer
Twin Peaks regulatory finance model moves one step closer

The President has signed the Financial Sector Regulation Act, which was published in the Government Gazette on 22 August 2017. The Act will come into effect on a date to be determined by the Minister of Finance...

By Jen Stolp and Chantél Bredenhann 5 Sep 2017

Tax ombud finds Sars employs delaying tactics
Tax ombud finds Sars employs delaying tactics

The investigation by tax ombud Judge Bernard Ngoepe into the alleged delayed payment by Sars of VAT refunds has found the complaints are justified...

5 Sep 2017

Rehabilitation funds tax plan leaves regulations gap
Rehabilitation funds tax plan leaves regulations gap

The proposed tax measures to curb mining-rehabilitation fund abuse missed an opportunity to differentiate between tax law and mining regulations...

By Betsie Strydom and Wandisile Mandlana 29 Aug 2017

Struan Robertson
Extracting value from your business

Meredith Harington director Struan Robertson presents some important considerations and food for thought for business owners with regard to extracting value from a business...

By Struan Robertson, Issued by Meredith Harington 28 Aug 2017

MacDonald Netshitenzhe, acting deputy director general for consumer and corporate regulations, Department of Trade and Industry
New Companies Act streamlines ways of doing business

Proposed amendments to the Companies Act of 2008 are aimed at aligning problem areas and enhancing interpretation of its provisions...

25 Aug 2017

Sars amnesty for hidden assets a flop
Sars amnesty for hidden assets a flop

The tax amnesty for undeclared foreign assets, which the government had hoped would yield billions of rand in additional revenue, has been a flop...

22 Aug 2017

Banks get more power to block accounts
Banks get more power to block accounts

There has been an expansion of banks' power to hold funds on suspicion of a tax offence, as proposed in the 2017 draft Taxation Laws Amendment Bill and draft Tax Administration Laws Amendment Bill...

By Rudi Katzke 16 Aug 2017

Cleo Becker, regional counsel, sub-Saharan Africa, Middle East, Pakistan, Turkey and Israel for Hitachi Data Systems. Photo:
Navigating through data-focused legislation

Besides being able to unlock the value of their data, businesses also have to remain compliant with the multiple pieces of data-focused legislation...

By Cleo Becker 15 Aug 2017

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