Subscribe to industry newsletters

  • Download BizTakeouts Mobi App
  • Visit BizTakeouts

What amendments to Kenya's digital tax law mean for SMEs
What amendments to Kenya's digital tax law mean for SMEs

Digital traders would likely have heard of the recent changes to the Income Tax and VAT Acts introduced by the Finance Act, 2019 (the Act). With effect from 7 November 2019, goods and services supplied in the digital marketplace will now be subject to income and VAT tax...

By John Syekei, Nikhil Hira, Denis Magonga and Angela Mukora 8 hours ago

Patricia Williams, tax partner at Bowmans and Saica Income Tax Act committee member
#BizFinFocus: More taxes needed, but there's little wiggle room

The minister of finance, National Treasury and the South African Revenue Services (Sars) are facing a challenging tax revenue environment...

By Patricia Williams 10 Feb 2020

Trump and Macron agreed to a detente in their trade spat.
AP Photo/Evan Vucci
France-US skirmish over Amazon digital tax shows why the century-old international tax system is broken

France and the US have managed to avoid turning their recent trade skirmish into a war - for now...

By Ruth Mason 10 Feb 2020

Shutterstock
Many countries regulate e-cigarettes. South Africa should too

Opinions differ on how to regulate electronic cigarettes. But dozens of countries are taking action. In Africa, Kenya already taxes these products, and South Africa is preparing to follow...

By Laura Rossouw 6 Feb 2020

Carbon tax is unavoidable, time to turn to analytics tools
Carbon tax is unavoidable, time to turn to analytics tools

As the 14th largest emitter of carbon dioxide in the world, South Africa has a pressing responsibility to drive a positive response to climate change...

5 Feb 2020

What you should know about the proposed Employment Tax Incentive amendments
What you should know about the proposed Employment Tax Incentive amendments

On Tuesday 26 November 2019, a number of tax-related bills were passed by the National Assembly and are currently being deliberated by the National Council of Provinces...

3 Feb 2020

#BestofBiz 2019: Legal
#BestofBiz 2019: Legal

We've compiled our annual #BestofBiz 2019 lists across all our industries featuring our most popular articles, most-read contributors and brand press offices with the most views. Discover the most read content on Bizcommunity's Legal site over the past year below...

17 Dec 2019

Image source: Getty/Gallo
Caution: Sars wants its share of your Xmas gift from your employer

It's that time of year when many South African companies give their employees festive season gifts to thank them for their service...

By Yolandi Esterhuizen 11 Dec 2019

Digital traders will not escape taxation. Create Jobs 51/Shutterstock
Kenya's tax on digital trade and services: what's known and not known

Kenya will start levying new tax on digital markets under a new law signed by the president early in November...

By Mercy Muendo 9 Dec 2019

Join the modern workplace with Microsoft Office 365 and Tarsus on Demand
Join the modern workplace with Microsoft Office 365 and Tarsus on Demand

Is tiresome admin pulling you away from business growth? Is client communication taking up too much of your time? This single software suite can help you automate your administrative tasks and communication to claim back your lost time...

Issued by Microsoft 2 Dec 2019

Trust in government, not tax rates, determines citizens’ attitude to taxation. Shutterstock
A theory of a tax revolt: Is South Africa on the brink?

Tax revolts date back to biblical times. Throughout the ages they have exhibited similar symptoms of a decline in taxpayer morale and confidence in a government's ability to manage public finances for the greater good of its citizens...

By Roshelle Ramfol 27 Nov 2019

Donations tax - determining the threshold
Donations tax - determining the threshold

Subject to any applicable exemption, donations tax is payable on the value of any property disposed of under any donation...

By Graeme Palmer 26 Nov 2019

Dino Zuccollo, fund manager at Westbrooke Alternative Asset Management
Treasury to cap S12J tax incentive

If National Treasury retains the changes on S12J investments, individuals and trusts will now only be allowed to invest R2.5m per annum and corporate investments will be capped at R5m per annum...

25 Nov 2019

Update on unforeseen preference share amendments
Update on unforeseen preference share amendments

The 2019 Taxation Laws Amendment Bill (TLAB) contains a significant and unexpected amendment to the definition of "hybrid equity instrument" in section 8E of the Income Tax Act, which was discussed in a previous alert...

21 Nov 2019

Unforeseen preference share amendments included in tax bill
Unforeseen preference share amendments included in tax bill

The 2019 Taxation Laws Amendment Bill (TLAB) was tabled with the Medium Term Budget Policy Statement on 30 October 2019...

By Brian Dennehy, Khurshid Fazel and Joon Chong 8 Nov 2019

When should revenue for gift cards be taxable?
When should revenue for gift cards be taxable?

The recent Tax Court (Cape Town) judgement of IT 24510 confirmed that amounts received by a retailer for the sale of gift cards were not "received or accrued" for purposes of the gross income definition...

By Joon Chong 25 Oct 2019

Expat tax exemptions: No double taxation
Expat tax exemptions: No double taxation

On 1 March 2020, an amendment to the foreign employment income exemption comes into operation. There have been misperceptions about those expatriates that will be affected by this change to the tax law...

By Graeme Palmer 18 Oct 2019

Is this the end of NRV for closing stock?
Is this the end of NRV for closing stock?

The Supreme Court of Appeal (SCA) has for the second time in CSARS v Atlas Copco South Africa (Pty) Ltd, confirmed that the net realisable value (NRV) method is not a suitable method to value closing stock for income tax purposes...

By Joon Chong 14 Oct 2019

Know your business inside out with a Biz Office
Know your business inside out with a Biz Office

New expectations of transparency and authenticity in business means things like organisational purpose, brand stories, how your company does things, what it believes in and what it stands for, can all play a part in how your company sees itself and how it is seen by others...

Issued by Bizcommunity.com 2 Oct 2019

Top ratings for Biz Rate Card 2019
Top ratings for Biz Rate Card 2019

Bizcommunity is excited to announce the relaunch of our Biz Product and Rate Card, featuring all-new product infographics, descriptors and more...

Issued by Bizcommunity.com 27 Sep 2019

When do consultancy services become a taxable fringe benefit?
When do consultancy services become a taxable fringe benefit?

The Supreme Court of Appeal recently had to decide whether tax consultants contracted by BMW South Africa to facilitate the tax compliance of the company's expatriate employees constituted a taxable fringe benefit for the employee...

By Graeme Palmer 23 Sep 2019

Does your SME owe SARS money?
Does your SME owe SARS money?

Many entrepreneurs and business owners live in fear of the South African Revenue Services (SARS)...

By Jessica Hubbard 13 Sep 2019

Partnership to develop solution to complex Carbon Tax calculations
Partnership to develop solution to complex Carbon Tax calculations

Cova Advisory and Xnovos have announced a new partnership to produce a software system to help companies to cope with the demanding requirements of the new Carbon Tax...

12 Sep 2019

Settling with Sars - revisiting some practical perspectives
Settling with Sars - revisiting some practical perspectives

Can there be a settlement with Sars if an objection was raised out of time? What are the advantages of reaching a settlement? What are the costs of not resolving a dispute? Our article aims to provide enlightenment...

By Joon Chong and Ruan Kotze 4 Sep 2019

S12J has a sunset clause. Image source: Getty/Gallo
TLAB impacts on Section 12J tax incentive

The 2019 Draft Taxation Laws Amendment Bill (TLAB) has been released and contains proposed amendments to certain elements to the Section 12J tax incentive...

31 Jul 2019

Paying for your sins - why enforcing tax laws on churches could be problematic
Paying for your sins - why enforcing tax laws on churches could be problematic

The case of self-proclaimed prophet Shepherd Bushiri and his wife, who were arrested by the Hawks earlier this year on charges of fraud and money laundering, has cast the spotlight on tax laws relating to churches and religious institutions, and whether any loopholes that exist are being exploited...

30 Jul 2019

Image source: Getty/Gallo
VAT on foreign electronic services will be hard to collect

The South African Value Added Tax Act Amended Regulations state that foreign suppliers of more than R1m pf "electronic services" over the preceding 12 month period are obliged to register for VAT in South Africa...

26 Jul 2019

3 steps towards 'glass boxing' your company with a Biz Press Office
3 steps towards 'glass boxing' your company with a Biz Press Office

Since 2001, Bizcommunity anticipated the role of company culture as intellectual capital. Biz Press Offices are a "glass box" game changer, offering a window into 18 industry communities...

Issued by Bizcommunity.com 23 Jul 2019

South Africa’s agriculture and food production industries are exempt from the carbon tax - for now. Shutterstock
South Africa's carbon tax matters - for the economy and tackling climate change

Carbon tax is likely to be an effective way of mitigating greenhouse gas emissions, which lead to climate change and have negative consequences for human life...

By Mmatlou Kalaba & Heinrich Bohlmann 19 Jul 2019

Show more