The draft Tax Administration Laws Amendment Bill of 2015, published for public comment on 22 July 2015, proposes the introduction of a new section 42A into the Tax Administration Act No. 28 of 2011.

The coronavirus (COVID-19) pandemic has undoubtedly resulted in business disruptions for many taxpayers in South Africa and globally.

In the field of international taxation, the question of foreign exchange fluctuations is of particular importance because of the variety of currencies used worldwide.

On 15 November 2022, the South African Revenue Service ("SARS") announced its intention to withdraw Practice Note No. 31 ("PN31"), which relates to the interest paid...

The recent Taxation Laws Amendment Bill 2013, proposed a new section dealing with time of supply rules for contingent services.

Due to the impact of the COVID-19 pandemic, governments imposed restrictions on individual travel. This resulted in many companies changing their work model to...

Sale and lease ack arrangements allow asset owners to sell the asset while retaining use of the asset sold through  a leaseback arrangement.

Having gone through a number of substitutions and amendments, the debt reduction rules contained in section 19 of the South African Income Tax Act, 1962 (the "Act")

A taxpayer can apply to the South African Revenue Service for a binding ruling if the application of legislation is uncertain.

Over the last two days, Uganda and Kenya have both announced emergency tax measures to deal with the effects of the coronavirus (COVID-19) outbreak. In Uganda: taxpayers with an accounting period ending on 30 September...

South Africa's diverse economy, strategic role in Africa and political history create a unique business and regulatory environment.

A share repurchase agreement is used when a company buys back shares from one or more of its shareholders or investors. The buyback is also a tax-efficient way to return money to shareholders.

The Financial Surveillance Department of the South African Reserve Bank (“FinSurv”) has published a draft regulatory framework for cross-border e-commerce retail transactions.

As another Budget Speech looms, one can only hope that the Minister of Finance will provide positive news to encourage further investment in the oil and gas industry.

Every manufacturer and importer must apply to SARS for a new tariff determination even if they have an existing SARS tariff determination in place.

Changes have been proposed to the immigration rules to allow for a remote working visa for foreigners working in South Africa for a foreign employer in certain circumstances.

It is anticipated that there will be renewed interest in the purchase of property in South Africa after the World Cup.

During his 2008 Budget speech, the Minister of Finance, Trevor Manuel, announced that the Urban Renewal Tax Incentive that was introduced in 2004, will be extended for another five years until March 2014.

The Draft Taxation Laws Amendment Bill, 2011 ("the TLAB") proposes Value-Added Tax ("VAT") relief for developers renting properties prior to the sale thereof.

The proposed amendment in paragraphs 2(1)(a) and (b) of the Fourth Schedule to the Income Tax Act No. 58 of 1962, aims to remove the distinction between resident and non-resident employers.