Joon Chong
Urgent reinstatement of tax compliance status granted

For certain taxpayers, a tax clearance certificate is of utmost importance in ensuring that it is able to receive payment and to tender for new services...

By Joon Chong, Issued by Webber Wentzel 1 day ago

Unforeseen tax impact in amendments to articles of association
Unforeseen tax impact in amendments to articles of association

A recent Supreme Court of Appeal judgement illustrates the importance of obtaining tax advice where rights, privileges or conditions of shares may potentially be affected by amendments to the memorandum of incorporation of a company...

By Joon Chong & Daniel Kirk-Cohen, Issued by Webber Wentzel 8 Jun 2018

Notification of commencement of audit
Notification of commencement of audit

The obligation of SARS to collect tax and taxpayers' rights are often at odds with each other. In an attempt to address this issue, the Budget 2018 (Budget) proposes to reconcile the taxpayers' constitutional rights with SARS' constitutional obligations by including a provision in the Tax Administration Act 28 of 2011 (TAA) ...

By Yashika Govind and Nirvasha Singh, Issued by Webber Wentzel 28 May 2018

Joon Chong
Overlap in treatment of dividend

Section 1 of the Income Tax Act (ITA) defines a "dividend" to be any amount transferred by a resident company for the benefit of any person in respect of any share in that company whether by way of a distribution or consideration for a share repurchase but does not exclude a reduction of contributed tax capital of the company...

By Joon Chong, Issued by Webber Wentzel 25 May 2018

ISCC Group entered into joint venture with Europlaw Group
ISCC Group entered into joint venture with Europlaw Group

Ithuba Savings Credit Corp Limited representing ISCC Group, conducting business mainly in Indonesia and Germany agreed to enter into a formal mutual business collaboration of appointing Europlaw Group as its legal and accounting team for their group of companies internationally...

Issued by Europlaw 18 May 2018