How taxpayers will cough up for the new National Health Insurance Fund
The new National Health Insurance (NHI) Bill, tabled in Parliament on 8 August 2019, sheds some light on the establishment of the controversial new NHI...
Tag: Income Tax
Draft Taxation Laws Amendment Bill 2019 published for comment
The 2019 Draft Taxation Laws Amendment Bill (Draft TLAB) and the 2019 Draft Tax Administration Laws Amendment Bill (Draft TALAB) have been published for comment.
According to a national treasury statement, the 2019 Draft TLAB and the 2019 Draft TALAB provide the…
Provided By Sabinet
Research and development in South Africa: A must-read for any business operating in South Africa
In 2006, the South African Government introduced a tax incentive scheme aimed at increasing scientific and technological research and development expenditure by businesses throughout all sectors in South Africa. This tax-incentive scheme is provided for in…
Provided By KISCH IP
Foreign income tax exemption for South Africans employed overseas
Kicking the can down the rollercoaster: The tumultuous events and present stasis of the section 10(1)(o)(ii) amendment chronology
This article explores the original proposal for amendments...
Eversheds Sutherland team hosts Hamish Erskine, CEO of Dube TradePort in discussion with clients and large tech companies in Durban
The Eversheds Sutherland team had the pleasure of hosting Hamish Erskine, CEO of Dube TradePort, in a discussion with various clients and large tech companies...
Substance over form: A UK judgment about the avoidance of capital gains tax
In the United Kingdom, capital gains tax (CGT) under the Taxation of Chargeable Gains Act, 1992 (TCGA) is charged, inter alia, where a taxpayer disposes...
Tax Alert: South Africa’s employment tax incentive
The high levels of unemployment in South Africa, in particular unemployment in the youth, led to the introduction of the employment tax incentive (“ETI”) scheme...
Increasing focus on environmental taxes in South Africa
Climate change and global warming are issues that have long been debated. Predictions as far back as 1982 regarding increases in atmospheric carbon dioxide are...
How you can legally “revolt” against taxes
As a young professional, it is not necessary to revolt against paying taxes in order to protect your hard earned income. As important as it...
SARS Interpretation Note 17: When will an employer be liable for employees’ tax in respect of an independent contractor?
The South African Revenue Service (SARS) has published an updated Interpretation Note 17 (Interpretation Note) on how to determine whether a person is an independent...
Venture Capital Companies under attack – again
During 2018, the venture capital company (VCC) industry had to deal with a lot of uncertainty as a result of the changes to Section 12J...
Important judgment for taxpayers regarding the valuation of trading stock
In C:SARS v Volkswagen SA (Pty) Ltd (1028/2017) [2018] ZASCA 116 (19 September 2018) the Supreme Court of Appeal (SCA) dealt with important principles in...
In the end, there can be only one contract – The SCA considers section 24C of the Income Tax Act
On 3 December 2018, the Supreme Court of Appeal (SCA) handed down judgment in CSARS v Big G Restaurants (Pty) Ltd (157/18) [2018] ZASCA 179...
What costs can taxpayers deduct in pursuance of installing solar energy systems?
It is beyond doubt that South Africa enjoys sunshine more than most places on earth. The South African Department of Energy (DoE) states on its...
Income Tax: What employees receiving foreign income should know
Employees might attempt to escape a tax liability on a portion of their income received in another country, however in a recent Court decision it...
South Africa’s first transfer pricing case?
Section 31 of the Income Tax Act, No 58 of 1962 (Act) contains South Africa’s transfer pricing provisions which constitutes one of the most contentious areas...
Interest free loans and trusts
The recent introduction of section 7C to the Income Tax Act brought the taxation of trusts, and the funding thereof specifically, under the spotlight again. Briefly,...
Cryptocurrencies and tax
The advent of cryptocurrencies, and in particular the substantial gains that are associated with investments in cryptocurrencies, caught the attention and interest of the world...
Tax update: Country-by-Country reporting
In 2013, in order to address the differences in tax systems of multiple countries, the Base Erosion and Profit Shifting (“BEPS”) Action Plan was adopted...
Voluntary retrenchment may no longer be an easy sell
The current South African Revenue Service (Sars) IRP3(a) Completion Guide, which aids employers in completing tax directive applications for their employees, appears to introduce a...
