During a speech at Consenus 2019, Sigal Mandelker, the US Treasury's Under Secretary for Terrorism and Financial Intelligence, reiterated the projection that the Financial Action Task Force (FATF) will adopt international standards for cryptocurrency-based services in June 2019...
By Christopher Murrer and Dean Joffe 14 Jun 2019
During a speech at Consenus 2019, Sigal Mandelker, the US Treasury's Under Secretary for Terrorism and Financial Intelligence, reiterated the projection that the Financial Action Task Force (FATF) will adopt international standards for cryptocurrency-based services in June 2019...
The Carbon Tax Act and Customs and Excise Amendment Act were approved by the President in May, with the purpose of the latter to provide for the administration and collection of Carbon Tax revenue...
Virusha Subban and Matthew Tout 7 Jun 2019
Taxpayers with an annual income not exceeding R500,000 will no longer be required to submit tax returns...
4 Jun 2019
The African Climate Reality Project (ACRP) welcomes the implementation of a carbon tax in South Africa as of 1 June 2019...
Noelle Garcin 3 Jun 2019
The long-awaited Carbon Tax Bill, which is due to be implemented on 1 June 2019, will have a considerable impact on many of the large corporates that are currently operating in South Africa...
31 May 2019
Climate change needs urgent action by all countries, and by all means...
Harald Winkler and Andrew Marquard 31 May 2019
There are a few things to consider before giving your 21-year-old any luxury assets. Sars might ask whether you're being generous because you can afford it... or if you're being 'shady' and dodging creditors and donations tax...
David Thomson 28 May 2019
The draft legislation on gambling tax will possibly be published with the draft Taxation Laws Amendment Bill in the next few months, but while we wait for its release, we take the opportunity to consider some of the issues that have arisen with gambling tax in foreign jurisdictions...
Louise Kotze and Louis Botha 24 May 2019
The age-old question of whether moneys 'received' by the taxpayer fall within the meaning of gross income was recently addressed by the Tax Court in A Company v CSAR (IT24510).
Graeme Palmer 22 May 2019
To assist employers and employees with overcoming transport-related difficulties, the Income Tax Act introduced a mechanism to allow employers to provide transport services to their employees and that, although qualifying as a taxable fringe benefit in the employees' hands, no taxable value was given to such benefit...
Wesley Grimm, assisted by Sergio dos Santos 16 May 2019
What should Edward Kieswetter's first actions be now that he has taken over the reins at South African Revenue Service (Sars)?
Jean du Toit 2 May 2019
The South African Revenue Service (Sars) has embarked on a number of strategic initiatives to curb revenue leakages emanating from illegal and unethical practices in the illicit economy.
30 Apr 2019
Companies can't just pretty up their board of directors with figure heads, appointed for their reputation and the contacts that they will bring to the particular organisation...
Jerry Botha & Jonathan Goldberg 15 Apr 2019
It's that time of the year.... When we all have the tedious task of gathering documentation and tax certificates and ensuring we are compliant with Sars. But once it's done, it is a huge weight off individuals and companies' shoulders...
5 Apr 2019
Last week the minister of finance introduced the revised Carbon Tax Bill (Bill) to Parliament, which aims to give effect to South Africa's objectives and commitments to reduce greenhouse gas (GHG) emissions...
Gillian Niven & Nirvasha Singh 2 Apr 2019
The indirect taxation of cross-border e-commerce transactions have been high on the agenda for tax authorities worldwide. There is clearly a perception that much of these transactions are escaping indirect tax (essentially VAT) because the supplier and consumer are in different jurisdictions...
Des Kruger 1 Apr 2019
During the medium-term budget in October 2018, the minister of finance announced that sanitary towels (pads) will be included in the list of those items that are zero rated for VAT purposes...
Kagiso Nonyane 28 Mar 2019
For those who have been subjected to a Sars audit, it may be hard to imagine a reality where this experience can be any more agonising...
Jean du Toit 27 Mar 2019
In addition to the tax payable, the South African Revenue Service (Sars) can impose penalties on a taxpayer for an understatement...
Graeme Palmer 26 Mar 2019
Once again, the latest Budget Speech featured a tax revenue shortfall, this time to the tune of R43bn...
Mariana Stander & Jean du Toit 4 Mar 2019
In Finance Minister Tito Mboweni's first Budget Speech since his appointment, he announced that sin taxes on alcohol and tobacco will rise...
21 Feb 2019
The initial consideration behind the sugary beverages levy (SBL) was as a deterrent to reduce lifestyle diseases such as diabetes and obesity, but it's potentially evolving into a money spinner for Sars...
18 Feb 2019
Along with all the other responsibilities associated with tax management in South Africa, businesses are reminded of their PAYE (Pay as you Earn) obligations towards Sars - including the onus to issue IRP5 tax certificates to employees...
14 Feb 2019
President Cyril Ramaphosa has signed into law three 2018 tax bills that give legislative effect to the tax proposals announced by the Minister of Finance in last year's annual National Budget Speech...
18 Jan 2019
The tax exemption on South African expatriates is set to change, with significant repercussions, for the many South Africans who are employed by companies abroad, from an SA tax liability point of view...
Claudia Aires Apicella 16 Jan 2019
The South African financial sector has been waiting with bated breath for South Africa's financial regulators to map the way forward and we expect this guidance to be forthcoming early in 2019...
David Geral 9 Jan 2019
In the wake of the state capture scandal still haunting the South African Revenue Service (Sars), taxpayers are looking for an alternative to paying tax to a government that appears to be mismanaging the funds...
Christopher Renwick 4 Jan 2019
We've compiled our annual #BestofBiz 2018 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...
18 Dec 2018
President Cyril Ramaphosa has received the final report of the Nugent Commission of Inquiry into Tax Administration and Governance by the South African Revenue Service (Sars)...
18 Dec 2018
After more than eight years in the making, South Africa's carbon tax law is expected to take effect on 1 June 2019...
Garyn Rapson 3 Dec 2018
