Mondaq All Regions - South Africa: Tax
ENSafrica
appeal against the decision of the tax court concerning SARS' entitlement to payment of understatement penalties in accordance with section 222(1) of the Tax Administration Act, 2011 (the "TAA").
ENSafrica
Sections 113 and 115 of the Companies Act, 2008 provide for an automatic statutory merger of two companies.
ENSafrica
A very conservative budget was read by the South African Minister of Finance today, 20 February 2019. There are no notable increases in any of the direct or indirect taxes.
ENSafrica
Dividends declared by South African resident companies or non-resident companies, the shares of which are listed on a South African exchange, are subject to dividends tax of 20%.
KISCH IP
In general, non-resident licensors are only subject to tax in South Africa on income that is attributable to a permanent establishment in South Africa of that licensor; or to the extent that tax is
KISCH IP
Is there any legislation that governs the nature, amount or manner or frequency of payments of royalties or other fees or costs (including interest on late payments) in an international licensing relationship, ...
ENSafrica
whether a receipt by the appellant taxpayer in respect of a lease premium was of a revenue nature or a capital nature, considered.
ENSafrica
Guinea deposited its instrument of ratification for the ACFTA on 16 October 2018 and Uganda on 28 November 2018.
ENSafrica
The Taxation Laws Amendment Act, 2018, which was promulgated on 17 January 2018, amended South African tax legislation by overhauling two provisions relating to the reduction of debt, namely section 19 of the Income Tax Act, 1962 ...
ENSafrica
When debt is reduced or written off, certain adverse tax consequences may arise for the debtor.
ENSafrica
Transfer pricing is a self-assessment mechanism that aims to ensure that taxpayers identify all potential cross-border transactions, operations, schemes, agreements or understandings that have been entered into between connected persons ...
ENSafrica
The news that China has committed to invest approximately R200-billion in South Africa was greeted with much fanfare throughout the country.
ENSafrica
Groups of companies often wish to restructure or rationalise their operations. This generally involves a transfer of companies and/or assets between various entities.
ENSafrica
In principle, VAT incurred by a vendor on the cost of developing residential property for sale may be claimed as an input tax deduction.
ENSafrica
The South African Draft Taxation Laws Amendment Bill, 2018, which was published by the Minister of Finance on 16 July 2018, introduces many of the tax proposals announced in the 2018 Budget Review earlier this year.
ENSafrica
Under South African corporate reorganisation rules, tax consequences are deferred and do not crystalise at the time of the transaction, but a carefully planned restructuring transaction...
ENSafrica
The DIFTZ will house a variety of manufacturing plants and offer investors various incentives, including tax exemptions.
ENSafrica
Hopefully with time market practice and interaction with regulators will clarify the above points.
ENSafrica
The OECD invites interested parties to submit any comments on this discussion draft by 7 September 2018.
ENSafrica
Decree No. 18/024, amending the Mining Regulation, was published in the Official Gazette on 12 June 2018. Significant amendments include:
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Pieter van der Zwan & Associates
The increase in the VAT rate from 14% to 15% was arguably the biggest announcement in the 2018 Budget Review from a tax perspective. This change in VAT rate will impact consumers directly ...
ENSafrica
The Taxation Laws Amendment Act, 2018, which was promulgated on 17 January 2018, amended South African tax legislation by overhauling two provisions relating to the reduction of debt, namely section 19 of the Income Tax Act, 1962 ...
Pieter van der Zwan & Associates
The Income Tax Act allows for roll-over relief in certain circumstances where assets are contributed to a company in exchange for shares in that company.
ENSafrica
Guinea deposited its instrument of ratification for the ACFTA on 16 October 2018 and Uganda on 28 November 2018.
KISCH IP
Is there any legislation that governs the nature, amount or manner or frequency of payments of royalties or other fees or costs (including interest on late payments) in an international licensing relationship, ...
Dentons
The concept of residency is a crucial determinant in establishing a person's tax obligations in South Africa.
ENSafrica
whether a receipt by the appellant taxpayer in respect of a lease premium was of a revenue nature or a capital nature, considered.
ENSafrica
There are a number of considerations when relocating to another country that involve much more than a mere physical departure and the taking up of permanent residence in a foreign country.
ENSafrica
The South African Draft Taxation Laws Amendment Bill, 2018, which was published by the Minister of Finance on 16 July 2018, introduces many of the tax proposals announced in the 2018 Budget Review earlier this year.
ENSafrica
Over the past few years, SARS appears to have created a new category of doubtful debts allowances which they have termed a "specific" doubtful debts allowance...
ENSafrica
Transfer pricing is a self-assessment mechanism that aims to ensure that taxpayers identify all potential cross-border transactions, operations, schemes, agreements or understandings that have been entered into between connected persons ...
ENSafrica
The South African Minister of Finance, Malusi Gigaba, tabled the 2018/19 Budget in Parliament on Wednesday, 21 February 2018.
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