Dividend stripping provisions in updated tax bills

With the delivery of the Medium Term Budget Policy Statement on 30 October 2019, updated and amended draft tax bills have been released highlighting the latest proposed amendments to the relevant tax acts. The amended bills contain the legislative changes that …

Provided By Eversheds Sutherland

by Natalie Napier

Intellectual Property valuations as an aid and an add-on to accounting valuations

Clients often enquire about the necessity of an intellectual property (IP) valuation as opposed to a standard accounting valuation. An IP valuation, unlike an accounting valuation, identifies, as a first step, proprietary know-how utilized by a business as well…

Provided By KISCH IP

by Sonica Wilken and Derek Momberg

Walking the tightrope – Guidelines for defining your malus and clawback policy

There is a growing trend in South Africa towards businesses adopting malus and clawback policies in relation to their variable pay structures and employee incentive...

by Anita Moolman and Andrew Giliam

Walking the tightrope – Guidelines for defining your malus and clawback policy

The tax exemption for foreign employment income – SARS releases FAQ and Draft Interpretation Note

It has been widely publicised that on 1 March 2020, changes to the exemption for foreign employment income in s10(1)(o)(ii) of the Income Tax Act...

by Louis Botha

The tax exemption for foreign employment income – SARS releases FAQ and Draft Interpretation Note

Importers beware – SARS proposed amendment to rebate items may expose you to significant duties which may be uninsured

Goods, transported on a vessel, are deemed, in terms of the Customs and Excise Act, 91 of 1964 (“the Customs Act”) to be imported when...

by Edmund Greiner

Importers beware – SARS proposed amendment to rebate items may expose you to significant duties which may be uninsured

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...

by Aneria Bouwer

How taxpayers will cough up for the new National Health Insurance Fund

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...

by Varusha Moodaley

Prices advertised or quoted must include VAT

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...

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...

by Dawid Prozesky

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...

by Christiaan Harmse

Foreign income tax exemption for South Africans employed overseas

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...

by Emil Brincker

Legal professional privilege protection available to taxpayers too

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...

by Varusha Moodaley and Gerhard Badenhorst

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...

by Pascale de Froberville

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...

by Melissa Strydom and Carmen Bradfield

A brief overview of the Carbon Tax Act, which took effect on 1 June 2019

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...

by Andrew Turner

Tax Law