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BizTrends 2017


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Struan Robertson
Donations and tax

The aim of this article is to alert individuals to donations tax considerations over and above the utilisation of the full R100,000 annual exemption which will inevitably be used to a great degree now that section 7C has been introduced...

By Struan Robertson, Issued by Meredith Harington 23 Mar 2017

Sars issues rulings on non-executive directors' fees
Sars issues rulings on non-executive directors' fees

IThe South African Revenue Service (Sars) has issued Binding General Rulings 40 and 41, which clarify NED fees are subject to PAYE or VAT..

By Graeme Palmer 22 Mar 2017

Investigation to throw light on tax refunds
Investigation to throw light on tax refunds

The investigation by the tax ombud into tax refunds will determine whether Sars has been withholding refunds to boost tax revenue artificially...

22 Mar 2017

Tax ombudsman asks to probe delayed refunds
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

955169 via
The Sugar Tax: implications for the cane industry, obesity and consumer behaviour

The biggest concern is that the implementation of tax on sugary beverages will have serious implications for the sugarcane industry in the medium to long term as it will cascade down the value chain...

By Hamlet Hlomendlini 8 Mar 2017

Multinationals under the spotlight in 2017 Budget Speech
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

Source: SAICA
Sugar tax and asset disclosures could add R1bn to budget revenue

There were several potential tax revenue windfalls that could increase the 2017-18 budget revenue estimate by more than R1bn, Treasury officials said in Parliament...

3 Mar 2017

Gordhan set to amend tax laws over collection
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

But what about growth, Mr Gordhan?
But what about growth, Mr Gordhan?

Commentators have lauded the finance minister on a well-crafted budget, some even stating that it was a political masterstroke. But, are these descriptions accurate?..

By Tertius Troost 2 Mar 2017

Source:
Political instability affects SA's tax base

A huge deficit, high unemployment numbers and people dependent on social grants are indicators that South Africa's economy is not well...

27 Feb 2017

World Economic Forum via
The 2017 Budget Speech from an agribusiness perspective

According to Agbiz CEO Dr John Purchase this year's budget speech, from an agribusiness perspective, comes against the backdrop of high food price inflation, a recent positive upturn in agribusiness confidence, and...

23 Feb 2017

#Budget2017: New personal income tax bracket for top earners
#Budget2017: New personal income tax bracket for top earners

Finance Minister Pravin Gordhan has proposed a new personal income tax bracket for those earning salaries of above R1.5 million...

22 Feb 2017

Sugar tax must come with an education programme
Sugar tax must come with an education programme

The new tax on SSBs can't stand alone in addressing obesity and related lifestyle diseases, and must form part of an integrated education plan...

21 Feb 2017

Section 7C creates revenue stream for SARS
Section 7C creates revenue stream for SARS

Introducing tax on interest-free or low-interest rate loan, advance or credit to a trust by a connected person may entitle the SARS to a windfall...

By Madelein Grobler 20 Feb 2017

Budget 2017: Only growth can balance the books
Budget 2017: Only growth can balance the books

Only sustained firmer economic growth can make the fiscal numbers add up...

By Arthur Kamp 17 Feb 2017

PPS Investments launches digital calculators to help investors
PPS Investments launches digital calculators to help investors

Investors face many questions when it comes to investing. To assist investors in answering theses questions instantly, PPS Investments has developed five calculators...

17 Feb 2017

Personal income tax hike predicted
Personal income tax hike predicted

PwC predicts a 1% increase for all personal income tax brackets except the lowest...

By Danette Breitenbach 17 Feb 2017

Brace yourselves - income tax increase likely for 2017
Brace yourselves - income tax increase likely for 2017

We encourage all employers, employees and payroll departments to prepare themselves for an income tax increase that will likely be announced during Finance Minister Pravin Gordhan's upcoming National Budget Speech...

By Cathie Webb 15 Feb 2017

What is keeping service organisations' clients awake at night?
What is keeping service organisations' clients awake at night?

With the constant change being experienced in the regulatory environment, especially within the financial sector, there is an increased focus on controls over additional regulatory reporting requirements...

By Gustaaf Kruger, Dean Isaaks 15 Feb 2017

The age of uncertainty
The age of uncertainty

While the (SONA offered little new detail, next week's Budget Speech will have more substance and is of far more interest to market watchers...

By Dave Mohr, Izak Odendaal 15 Feb 2017

An opportunity to increase your retirement savings
An opportunity to increase your retirement savings

The government as part of its on-going retirement reform process continues to design policies aimed at encouraging South Africans to save and make adequate provision for their retirement...

By Hugo Malherbe 14 Feb 2017

StockSnap via
Why recreational drone users need training to be insurable

South Africa's drone operation regulations have had significant licensing cost implications for businesses, but consumers may be at the highest risk for financial cost...

14 Feb 2017

Budget 2017/2018: what will this do to my pocket?
Budget 2017/2018: what will this do to my pocket?

Given that South Africa, as a country, is still struggling financially, we can be confident that there will be more innovative taxes included in what is tabled...

By Cathie Webb 13 Feb 2017

Desiree Goodwin
Financial year end approaches - What you should be doing to save tax

As we approach the year end on 28 February and have a good idea of our overall income and tax position for the year, now is the time to take some critical decisions...

By Desiree Goodwin, Issued by Meredith Harington 10 Feb 2017

Unconstitutionality of FICA amendment needs resolution: SAIPA
Unconstitutionality of FICA amendment needs resolution: SAIPA

President Zuma has been harshly criticised for delaying the FICA amendment bill, but the warrantless search change could be unconstitutional...

9 Feb 2017

Carbon tax is no silver bullet
Carbon tax is no silver bullet

Reducing greenhouse gases is a commitment under the Paris Agreement, but the proposed carbon tax will not yield the desired results on its own...

By Ettiene Retief 9 Feb 2017

SA companies not quite there yet in tax disputes
SA companies not quite there yet in tax disputes

Financially strained governments pressing for higher revenue collections and media and public attitudes hardening against perceived corporate tax avoidance...

By Roula Hadjipaschalis 9 Feb 2017

Pub rules apply for Brexit bill, EU says
Pub rules apply for Brexit bill, EU says

Britain must pay to leave the EU in the same way as friends going to the pub must pay for their round of drinks, the European Commission said on Tuesday...

8 Feb 2017

Delaying BEE compliance can be fatal to a business
Delaying BEE compliance can be fatal to a business

The challenge of preparing the requisite reports at financial year end on top of normal day-to-day activities of running a business often results in the tricky issue of BEE being put on the back burner...

8 Feb 2017

What the SVDP offers
What the SVDP offers

The exchange control special voluntary disclosure programme rules are governed by three Reserve Bank circulars...

By Louis Botha 30 Jan 2017

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