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Social Relief of Distress Programme under the spotlight

Automation of the Social Relief of Distress (SRD) programme going forward. This is one of the recommendations put forward by the social development department during a briefing in parliament on measures put in place to respond to the Covid-19 pandemic. Other recommendations…

Provided By Sabinet

Transfer duty and transfer costs

When purchasing a property, there is often confusion when it comes to distinguishing between transfer duty and transfer costs. Transfer Duty: In respect of property acquisitions, transfer duty is a tax levied by SARS on all properties purchased. This tax is paid…

Provided By Eversheds Sutherland

by Peter van Niekerk, Donovan Avenant and Lerosha Naidoo

SARS, stand in line: How tax debts rank in business rescue

A company in financial distress may have a variety of outstanding tax debts at the commencement of business rescue. Besides capital amounts of tax due,...

SARS, stand in line: How tax debts rank in business rescue

Africa’s integrated response to COVID-19

The global pandemic of the COVID-19 crisis has resulted in leaders in Africa imposing strict controls to help curb the virus in their respective countries....

by Rene Devprasad, Taliya Naidoo and Shannon Ally

Law firm finance 101 – Tools to limit interest expense on third party funding

It is our recommendation that this article is read in conjunction with an earlier piece published on Taurus Capital’s website, titled, the Interest Tax Shield,...

by Darius Zeederberg

Law firm finance 101 – Tools to limit interest expense on third party funding

Draft Public Procurement Bill on track

The Draft Public Procurement Bill is on track. President Ramaphosa, during remarks at the SMME programme of the Second South Africa Investment Conference, announced that the...

Honoré’s South African Law of Trusts

About this publication: Trusted for over 50 years, this accessible, comprehensive and practical commentary has been written with the needs of the practitioner, the trustee and...

Unincorporated joint ventures in South Africa – What you need to know

B-BBEE Requirements and Status All entities wishing to obtain a B-BBEE certificate are measured against some or all of the pillars under the Codes. The Codes...

by Tyron Fourie and Grant Williams

Reducing the cost of transfer pricing compliance for Multinationals

Many countries have become more focused on combating tax avoidance. As such, transfer pricing compliance has become much more burdensome due to substantial documentation requirements...

by Okkie Kellerman

Reducing the cost of transfer pricing compliance for Multinationals

Offshore companies and doing business in South Africa – A Companies Act perspective

According to the most recent statistics released by the South African Revenue Service, South Africa remains a net importer of goods and services. Put differently,...

by Brian Kahn Inc Attorneys

Offshore companies and doing business in South Africa – A Companies Act perspective

SARS is allowed to dig into your bank account

Be aware when you have outstanding tax debt as the Tax Administration Act 2011, as amended (TAA), empowers the Commissioner of the South African Revenue...

by VDMA Attorneys

SARS is allowed to dig into your bank account

Share buy-back transactions

Share buy-backs have become a very common mechanism for exiting an investment in a South African company since the introduction of dividends tax in April...

by Kelly Pretorius

Share buy-back transactions

Budget 2017: Personal income tax

In the 2017 Budget Speech, Minister Gordhan noted that (for the first time since 2009/10) tax revenues have not kept pace with economic growth. The...

by Kelly Pretorius

When municipal debt lurks in the shadows

Buying and selling immovable property is usually a fair exchange, with the purchaser paying an agreed price to the seller in exchange for the property. However,...

by Lavarn Gounden

When municipal debt lurks in the shadows

Tax Ombud complaints: Get your matter dealt with

The Tax Ombud released its report for the 2015/16 year in early October. Of the 2,133 complaints received, 938 (44%) were rejected. When one is...

Tax Ombud complaints: Get your matter dealt with

Contingency Fees: VAT inclusive or exclusive?

The High Court, Gauteng Local Division, considered in a recent case (case No 2012/21359, 31 August 2016) whether an agreement in terms of which a...

by Gerhard Badenhorst

contingency fees

Tax clearance at your leisure

SARS has recently gone live with a new Tax Clearance System (TCS) which stands to replace the traditional Tax Clearance Certificate (TCC) procedures. This TCS...

by Renand Pretorius

Tax clearance at your leisure

The practical application of legal professional privilege in discovery proceedings

General Principles Legal professional privilege applies to communications between a client and legal advisor, where the legal advisor is acting in a professional capacity and is...

by Taryn Solomon and Megan McCormack

The practical application of legal professional privilege in discovery proceedings

Is VAT payable on delivery fees?

It is common practice for suppliers to deliver the goods that they supply at the premises of their customers on the customer’s request. The suppliers...

by Gerhard Badenhorst

Is VAT payable on delivery fees?

SCA Judgments: Capstone & Kluh

In our November 2014 edition of Legalwerks, we discussed the decisions of the Full Bench of the High Court of the Western Cape regarding the...

by Doelie Lessing and Yvonne Steyn

SCA Judgments: Capstone & Kluh

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