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At the time of writing, South Africa’s Treasury was finalising its Tax Amendment Bill which it is hoped will make vital improvements to the country’s tax treatment of foreign funds.

Estate Duty – Estate duty is payable at the rate of 20% of the net value of assets in the estate in excess of the sum of R3 500 000,00.

The Supreme Court of Appeal ("SCA") delivered judgment in favour of the South African Revenue Service ("SARS") on 28 September 2011 in the case of CSARS v Labat Africa Limited (669/10) [2011] ZASCA 157, where the court was tasked with deciding whether Labat Africa Limited ("Labat") could deduct from its income the value of shares issued in consideration for the acquisition of a trademark by assignment

South African companies are increasingly looking to global expansion to build their capabilities and expand their operations into foreign jurisdictions.

A recent decision of the Cape Town Tax Court highlights uncertainty surrounding the application of the double tax agreement between South Africa and Luxembourg in relation to South Africa’s so-called exit charge.

Since our readmission to the international community South Africa has set about developing one of the largest networks of double tax treaties in the world.

When purchasing residential property in South Africa, one of the most important decisions is the choice of ownership vehicle.

We previously commented on the recommendations made by the Davis Tax Committee relating to the taxation of trusts in our article entitled "Taxation of trusts to be revisited?" dated 28 July 2015.

When debt is reduced or written off, certain adverse tax consequences may arise for the debtor.

This is the first in a series of articles on venture capital companies, a tax-favoured investment vehicle regulated by section 12J of the Income Tax Act, 1962.

The rise of the discretionary family trust has long seemed inevitable. It appears to provide unparalleled commercial and fiscal flexibility to achieve multi-generational wealth transfer...

Below, please find issue 130 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

The South African Draft Taxation Laws Amendment Bill, 2018, which was published by the Minister of Finance on 16 July 2018, introduces many of the tax proposals announced in the 2018 Budget Review earlier this year.

When a property is registered in the name of a company rather than in an individual's name, the sale of that property is often structured as a sale of shares in the company.

The Income Tax Act (the "Act") contains definitions of a "securities lending arrangement" and a "collateral arrangement" which are relevant to determine the tax consequences in instances where, inter alia.

The 2016 Budget Review contained a most welcome – if cryptic – statement for venture capital companies ("VCCs") and their investors.

On 27 July 2017, Botswana and France signed an amending protocol to the Botswana/France Income Tax Treaty, 1999 in Gaborone.