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Section 45 of the Income Tax Act 58 of 1962 (the "ITA") provides a valuable tax deferral mechanism for corporate groups wishing to reorganise their internal structures without incurring immediate tax consequences.

In a slightly surprising, but nevertheless welcome, South African 2020 Budget Speech today, the Honourable Minister of Finance announced that there would be no significant tax increases

The issue to be dealt with was the taxation treatment of loyalty rewards programmes and whether an allowance under section 24C of the Income Tax Act is offered to Clicks Retailers (Pty) Limited...

Below, please find issue 129 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

During February 2016 the beleaguered South African Minister of Finance, Minister Pravin Gordhan, made a serious attempt to balance government's books.

While some high-profile share swaps in the retail and lifestyle sector have left a bitter aftertaste, it is important to remember that not all corporate restructures are cautionary tales.

South Africa's 2026 Budget, delivered by Finance Minister Enoch Godongwana on 25 February, signals a period of relative fiscal stability after several years of pressure on public finances...

Most property transactions follow a familiar script where a purchaser pays a purchase price, transfer duty may be triggered, and capital gains tax (CGT) is assessed at the point of disposal

Parliament approved a draft law on the Extraordinary Regime on Tax and Foreign Exchange Compliance, regulating the repatriation of assets held abroad that have not been declared in Angola in December 2017.

The Tax Court in Cape Town has ruled on a dividend stripping arrangement used in the sale of a self-storage business, applying South Africa's general anti-avoidance rules to a structure where shareholders attempted to convert taxable capital gains into exempt intercompany dividends. Following the Constitutional Court's recent decision in Absa Bank Ltd v SARS, the Court examined whether a pre-acquisition dividend funded by the purchaser's subscription served any purpose beyond tax avoidance, and whether the

In today’s residential property environment, how you own property is often as important as what you buy. Increasingly, South African investors and high-value homeowners are re-examining traditional ownership...

The 2018 Mining Charter aims to address the inequalities, systematic marginalisation, and economic exclusion of historically disadvantaged persons ("HDPs") in South Africa's mining sector.

The Income Tax Act No. 58 of 1962 contains a number of provisions in terms of which assets may be transferred from one taxpayer to another on a tax-free basis.

Many share acquisition transactions implemented in South Africa are vendor financed, i.e. money is lent by the company to a prospective shareholder in order to enable the acquisition of shares in such company.

Section 44 of the Income Tax Act 58 of 1962(the "ITA") provides targeted tax relief for companies undergoing a genuine consolidation through an amalgamation, merger, or conversion.

Buying or selling a property in South Africa is not just about signing a contract, it is a legal and financial journey that involves a range of professionals...

Below, please find issue 60 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.