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...
Tax Law
Insights into tax law from South Africa’s leading tax lawyers and other tax professionals, examining tax legislation and case law. Find the latest articles and legal opinions with regards to SARS’ conduct, the taxation of local and foreign entities and assets, and the tax consequences of individual and corporate activities, ranging from loans, trusts, share buybacks, REITS, import and export, and more.
- Customs and Excise Act 91 of 1964
- Draft Taxation Laws Amendment Bill 2016
- Draft Taxation Laws Amendment Bill – 19 July 2017
- Employment Tax Incentive Act 26 of 2013
- Estate Duty Act 45 of 1955
- Income Tax Act 58 of 1962
- Merchant Shipping (International Oil Pollution Fund Compensation Fund) Administration Act 35 of 2013
- Merchant Shipping (International Oil Pollution Fund Compensation Fund) Contribution Act 36 of 2013
- Securities Transfer Tax Act 25 of 2007
- South African Revenue Services Act 34 of 1997
- Tax Administration Act 28 of 2011
- Taxation Laws Amendment Act 17 of 2017
- Transfer Duty Act 40 of 1949
- Value-Added Tax Act 89 of 1991
Prices advertised or quoted must include VAT
Have you ever shopped around and then made a decision to purchase something or utilise the services of a service provider because, as the saying goes “the price is right”, only to find that somewhere in all the marketing blurb and enticing imagery, that you missed the…
Provided By Cliffe Dekker Hofmeyr
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...
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...
Legal professional privilege protection available to taxpayers too
In a litigious context, the doctrine of legal professional privilege provides that communications between an attorney and a client are protected from disclosure in litigious...
Splitting hairs…VAT Case 1558
Suppliers often make single supplies of goods or services to their customers which comprise of various component parts such as, for example, various goods purchased...
Businesses take note: The Carbon Tax Act is in effect
The Carbon Tax Act No. 15 of 2019 | Effective as of 1 June 2019
Reducing the impacts of climate change through facilitating a viable and...
A brief overview of the Carbon Tax Act, which took effect on 1 June 2019
Carbon tax is South Africa’s most far-reaching and substantial response to climate change to date.
The Carbon Tax Act 15 of 2019 (Carbon Tax Act or...
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...
Eversheds Sutherland expands its Tax practice in South Africa with new partner hire
Eversheds Sutherland has welcomed tax Partner Carmen Moss-Holdstock to its South Africa office.
Carmen, who joined the global legal practice earlier this year as head of...
Investing abroad? The foreign investment allowance is at your disposal
It is common nowadays for South African persons to diversify their investment portfolio and to invest in foreign jurisdictions. When doing so, South African residents...
Exchange control and non-residents investing in South Africa: Relaxation of policy pertaining to payments
On 18 April 2019, the Financial Surveillance Department of the South African Reserve Bank (FinSurv) released three circulars, including Exchange Control Circular 9/2019 (Circular), regarding...
Money in the bag – An interesting judgment about the carrying of foreign currency
In terms of South African law, if a person is carrying foreign currency on his person while entering or leaving South Africa, there are certain...
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...
Carbon tax, the “green” tax – “Polluter pays” principle
Carbon tax has been a topic of discussion and consultation for nearly 10 (ten) years. Draft carbon tax bills were introduced in 2015 and 2017....
