Final opportunity to regularise your unauthorised foreign assets
In the 2016 Budget Speech delivered on 25 February 2016, the Minister of Finance announced a special voluntary disclosure programme (“Special VDP”) to encourage taxpayers...
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
Legislation to implement Country-by-Country reporting in South Africa
On 24 February 2016, the Minister of Finance announced in the Budget Speech that South Africa was working with other countries to combat base erosion...
2016 budget effect on carbon tax?
Finance Minister Pravin Gordhan did not mention the proposed carbon tax (the “tax”) in his Budget Speech delivered on 24 February 2016. Curiously, given the...
T-Day changes to pension, provident and retirement funds
A set of legislative changes implemented through the Taxation Laws Amendment Act (TLAA) are due to come into effect on 1 March 2016 (T-Day). According...
by Bowmans
2016 South African budget speech summary
The Honourable Minister of Finance read the 2016 South African budget speech on 24 February 2016. In this summary, we address only the revenue (i.e....
by ENSafrica
Settlor beware: Control over trust assets
The establishment of an offshore discretionary trust (“the Trust”) by a South African tax resident person (“ Settlor ”) gives rise to various South African tax considerations.
In...
Mandatory Transfer Pricing Documentation
On 15 December 2015, SARS issued a draft Public Notice that sets out the additional record-keeping requirements for transfer pricing transactions.
It proposes extensive and comprehensive...
Carbon tax update: Priority air pollutants have been declared
The Draft Carbon Tax Bill, 2015 (Bill) provides for a carbon tax to be imposed on greenhouse gas (GHG) emissions.
Carbon tax is one of the...
Preservation orders – The court sets a high bar for SARS
In The Commissioner for the South African Revenue Service v Sunflower Distributors CC and Others (66077/2015) [2015] ZAGPPHC 896 (17 November 2015), the court had...
Interest(ing) Withholding Tax – The Taxation Laws Amendment Act
The Taxation Laws Amendment Act of 2015 (“Amendment Act”) was promulgated on 8 January 2016 and contains a number of legislative changes to the Income...
