Many taxpayers have made use of Section 24C of the Income Tax Act which allows for the holding over of income received in the present year that is due to be used on expenses in the following year...
16 Sep 2020
During the 21-day lockdown period, mining operations in South Africa will scale down significantly. The effect on deep-level mines will probably be most significant as coal mines supplying Eskom will continue to operate, albeit at a reduced level.
Adéle de Jager, 1 Apr 2020
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
In a recent landmark case, the Tax Court upheld that a very special, and mostly under-utilised tax deduction allowed by section 24C of the Income Tax Act, No. 58 of 1962, may be applied to franchisee costs...
Natasha Wilkinson 16 Nov 2017
The Davis Tax Committee has recommended that the special tax regime for the mining sector be abolished...
Linda Ensor 14 Nov 2017
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...
Patricia Williams 9 Jun 2017
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
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...
A R300m investment into a new floating dock will give the shipping industry a major economic boost as well as enhance skills development...
4 Sep 2016
The draft Carbon Tax Bill sets out the framework on taxing on greenhouse gas emissions, as well as relief such as offsets...
26 Jul 2016
A strong complement of global brands yearn for a juicy piece of the African pie. Nigeria, Ghana, Kenya, Ethiopia, Zambia and the DRC are feverously pursued based on their lucrative economic growth...
The B-BBEE Sector Code for the Marketing, Advertising and Communications (MAC) sector is now in effect, including stricter requirements and increased incentives. Here's how Red & Yellow can help you make the most of it...
Issued by Red & Yellow 21 Apr 2016
Unilever South Africa has opened its first state-of-the-art ice cream factory in Africa in the Lords View Industrial Park, Midrand. The factory is one of 40 Unilever ice cream factories across the globe and sets new standards in green manufacturing and low-cost manufacturing, respectively...
14 Oct 2015
Companies seeking a more positive BBBEE rating in order to maintain or close new contracts that depend on their level within the framework are going to need to place a greater focus on achieving high scores across more criteria...
Steven Herscovitz 16 Jul 2015
New investor incentives and benefits from the Special Economic Zone (SEZ) Act 2014 in South Africa will attract further domestic and foreign direct investment to South African industrial and special economic zones.
Chris Mashigo 8 Sep 2014
The proposal to introduce compulsory community service of at least one year for all graduates, irrespective of whether studies were self-funded or state aided, has drawn varied response from different sectors in South Africa.
23 Apr 2014
All eyes will be on President Jacob Zuma tonight as he delivers his sixth State of the Nation Address and the last one for the current administration.
13 Feb 2014
28 February is the end of the tax year for all individuals, trusts and many companies and close corporations. As we approach the year end and have a good idea of our overall income and tax position for the year, now is the time to take some critical decisions.
Issued by Meredith Harington 6 Jan 2014
The National Development Plan (NDP) is expected to off-set job creation to desired targets over the next three years, Finance Minister Pravin Gordhan said on Wednesday (23 October).
24 Oct 2013
Sustainability is something many companies have adopted in their overall business strategy. Many of these companies who have adopted this strategy have seen tremendous growth in their revenue streams. One of the areas of sustainability which companies strive for is to be carbon neutral.
David Bonellie 17 Oct 2013
It's no news that both global and local unemployment stats have peaked at alarming rates. The problem begins with primary and secondary education or, more importantly, the lack thereof.
16 Aug 2013
A new Unilever factory to produce brands such as Omo, Skip, Handy Andy, Domestos, Comfort and Sunlight amongst others, will be built in Anderbolt, Boksburg, adjacent to the company's main distribution centre in South Africa.
31 Jan 2013
PIANOSA ISLAND: Holiday makers arriving on the white sands of Pianosa island off western Italy are welcomed by hosts unlike any others, five prisoners still serving time who help manage a local hotel.
20 Aug 2012
PRETORIA: A R500 million investment project has been launched in Babelegi, Hammanskaraal, creating over 130 permanent jobs.
8 Aug 2012
A new R20 billion tax incentive to encourage investment in new manufacturing assets and employee training was formally launched by Trade and Industry Minister Rob Davies.
Linda Ensor 9 Nov 2010
JOHANNESBURG: Many African countries struggle with debt and finding money for national budgets because they fail to recognise taxation as a sustainable source of funding. Moreover, multinational companies are too easily given tax breaks while siphoning off money through illegal tax evasion.
Stanley Kwenda 29 Sep 2010