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...
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
Customs treatment of goods lost in a robbery or hi-jacking
The Supreme Court of Appeal (SCA) has now at last settled the uncertainty in relation to the application of rebate item 412.09 of Schedule 4...
Urgent reinstatement of tax compliance status granted
For certain taxpayers, a tax clearance certificate is of utmost importance in ensuring that it is able to receive payment and to tender for new...
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,...
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...
Proposed amendments to the VAT regulations on the supply of electronic services in South Africa
With effect from June 2014, the definition of “enterprise” in section 1 of the VAT Act, 1991 (“VAT Act”) was amended to include the supply of electronic services by a person or business outside of South Africa to a recipient in South Africa. As a result, the …
Provided By Eversheds Sutherland
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,...
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...
Commodities bulletin: The sugar industry in Africa
South Africa: the health promotion levy
The South African sugar industry is under further assault as the new Health Promotion Levy comes into force. As of 1 April 2018, in an attempt by the South African Department of Health to reduce excessive sugar intake and decrease…
Provided By Eversheds Sutherland
Can foreigners own property in South Africa?
Foreigners may purchase and own immovable property in South Africa without any restrictions, as foreigners are generally subject to the same laws as South African...
The (un)certainty of taxes: Is the 1 January 2019 implementation date for carbon tax possible?
One thing is certain in this context: anyone having to sign off on the Carbon Tax Bill has an unenviable job. Though everyone making submissions...
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...
SARS issues media release on tax implications of cryptocurrencies
With the increased interest in cryptocurrency trading in South Africa and globally, National Treasury has been considering the provisions of South Africa tax laws in...
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...
Sugary Beverages Levy tax: What you need to know
On 1 April 2018, the Sugary Beverages Levy (“SBL”) will be implemented in South Africa as part of the new Health Promotion Levy and will...
Cryptocurrency transactions
In South Africa, as with most other countries around the world, there is no guidance and regulation regarding cryptocurrencies such as Bitcoin. The Budget Review...
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...
Budget 2018 tax highlights
The Minister of Finance, Malusi Gigaba, delivered South Africa’s 2018 Budget speech to Parliament on 21 February 2018. In his speech the Minister noted that...
VAT rate increase: What you need to consider
The Minister of Finance announced in his recent Budget Speech that the VAT rate would be increased from 14% to 15% with effect from 1...
Budget 2018 – Key changes
The 2018 Budget was presented by Minister Malusi Gigaba before parliament on 21 February 2018.
The 2018 tax proposals are projected to raise ZAR36 billion.
The key...
