New electronic services regulations: Widening the invisible VAT net
In the wake of the ever-increasing world of e-commerce and cross-border digital trade, South Africa introduced legislation with effect from 1 June 2014, requiring foreign...
Tag: group companies
Amendments to the taxation of debt restructures
Since 1 January 2013, section 19 of the Income Tax Act, 1962 (the “Act”) and paragraph 12A of the Eighth Schedule to the Act (the...
New requirements for waiving debt owed by dormant group companies
Currently, debt waiver provisions in the Income Tax Act 58 of 1962 (ITA) are dealt with in section 19 and paragraph 12A of the Eighth...
SARS proposes tax relief for dormant group companies
Typically, companies in financial distress that wish to reduce their debt may enter into arrangements with their creditors, which may form part of the same group of companies as the debtor company, to either reduce, cancel, waive, forgive, discharge or convert …
Provided By Eversheds Sutherland
