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Treasury rejects claims of calamitous job losses from sugar tax
Treasury rejects claims of calamitous job losses from sugar tax

Treasury has rejected claims of calamitous job losses resulting from the imposition of a health promotion levy...

By Linda Ensor 22 Jun 2017

Finance Minister gazettes provisions of FICA Act
Finance Minister gazettes provisions of FICA Act

Finance Minister Malusi Gigaba has signed and gazetted the coming into operation of various provisions of the Financial Intelligence Centre Amendment (FICA) Act, 2017...

14 Jun 2017

Chad settles tax dispute with foreign oil firms
Chad settles tax dispute with foreign oil firms

N'DJAMENA - Chad, one of the African countries hit hardest by the drop in oil prices, announced that it had reached an accord with a group of foreign energy companies ending a tax dispute...

12 Jun 2017

Greater tax incentives needed for education
Greater tax incentives needed for education

In the past, there has been a significant increase in taxpayers voicing their belief that a tax revolt is the correct way to deal with the current crisis of confidence in government. However, despite higher taxes on individual taxpayers, it is not the quantum of tax that is of substantial concern but how tax collections are used...

By Patricia Williams 9 Jun 2017

Sugar tax under fire from producers, unions and business
Sugar tax under fire from producers, unions and business

Cosatu, Busa and Sasasay introducing a sugar tax should be delayed as it will have a negative effect on employment in the industry...

8 Jun 2017

Trump and the politics of healthcare
Trump and the politics of healthcare

In March, the US House of Representatives bill to replace the Affordable Care Act (Obamacare) essentially stalled...

By Evan McCulloch 7 Jun 2017

Top economists urge 'strong carbon price' in climate fight
Top economists urge 'strong carbon price' in climate fight

Leading economists called on Monday, 29 May, on the international community to price carbon at up to $100 a tonne by 2030...

30 May 2017

billy013 via
Tobacco impedes development

As the world gets ready to observe World No Tobacco Day on 31 May 2017, South Africans are reminded that tobacco and tobacco use continues to be a threat to development...

30 May 2017

Urban Development Zone allowance under the Income Tax Act
Urban Development Zone allowance under the Income Tax Act

In line with international models, South Africa has attempted to incentivise investment into the development and renewal of certain urban areas...

By Robert Gad and Jo-Paula Roman 29 May 2017

Judge Dennis Davis, head of the Davis Tax Committee
What the Davis Tax Committee has in mind for high-net earners

Various new taxes aimed specifically at the country's wealthiest are in the pipeline...

25 May 2017

Is tax resistance a legit form of revolt?
Is tax resistance a legit form of revolt?

At the 2016 Tax Indaba, Sars Commissioner Tom Moyane called for ‘tax morality'...

By Patricia Williams 23 May 2017

Taxing South Africa into prosperity
Taxing South Africa into prosperity

The Davis Tax Committee (DTC) has called for written submissions by 31 May 2017 on the desirability and feasibility of wealth taxes for South Africa...

By Graeme Palmer 17 May 2017

Sars to clamp down on profit shifting by multinationals
Sars to clamp down on profit shifting by multinationals

Sars has beefed up its transfer fund division to stop multinational companies shifting their profits out of the country to more tax-friendly jurisdictions...

16 May 2017

Treasury tweaks insurance bill
Treasury tweaks insurance bill

The Treasury has agreed to changes to the insurance bill in a bid to accelerate the transformation of the industry...

11 May 2017

New learnership incentive tax calculation app from KPMG
New learnership incentive tax calculation app from KPMG

KPMG has launched the Learnership Incentive Tax Tool, an app that calculates learnership tax allowances and generates tax schedules for registered learnerships at the press of a button...

8 May 2017

President Zuma signs the FICA Bill
President Zuma signs the FICA Bill

President Jacob Zuma has signed the Financial Intelligence Centre Amendment (FICA) Act, which amends the Financial Intelligence Centre Act, 2001...

2 May 2017

Experts warn wealth tax 'a complex issue'
Experts warn wealth tax 'a complex issue'

Wealth taxes, now under consideration by the Davis tax committee, are notoriously complicated and expensive both to administer and to comply with, tax practitioners say...

By Linda Ensor 28 Apr 2017

Citibank agrees to R69.5m fine
Citibank agrees to R69.5m fine

Citibank has agreed to pay an administrative penalty of almost R69.5 million in relation to the bank's involvement in a forex trading cartel...

28 Apr 2017

Judge Dennis Davis. Source:
Davis committee to mull wealth tax

The Davis tax committee has begun its investigations into a possible wealth tax...

By Linda Ensor 26 Apr 2017

SARB's new loop structure allows foreign investment for startups
SARB's new loop structure allows foreign investment for startups

Local unlisted research and development companies can establish companies offshore in order to obtain foreign investment without prior approval...

18 Apr 2017

BevSA wants more time on sugar tax
BevSA wants more time on sugar tax

BevSA is asking for more time for a total dietary study to be done on obesity before the new tax on SSBs is introduced...

4 Apr 2017

Ian Matthews, head of business development, Bravura
Tax revenue decline points to a deeper malaise

The finance minister's 2017 budget speech, coupled with concerns raised by commentators, highlight factors that may indicate a decline in tax compliancy...

By Ian Matthews 29 Mar 2017

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 ombud is investigating to see whether Sars is 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

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