It is imperative that taxpayers plan their commercial affairs to fall within the law.

With the introduction of the Companies Act No. 71 of 2008 with effect from 1 May 2011, South African companies may convert their existing par value shares into no par value shares.

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.

The Davis Tax Committee ("DTC") recently addressed the issue of base erosion and profit shifting ("BEPS") in South Africa.

A resident is defined in section 1 of the Income Tax Act No. 58 of 1962.

You will often hear the saying that Amsterdam is the new London, referring to the tendency of South African-born Millennials to prefer the City of Sin to the capital of the British Empire...

The Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2025, was introduced in the National Assembly by the Minister of Finance on Thursday evening, 24 April 2025.

It was recently reported that SARS has published its 2023 guidelines for tax-exempt institutions, alerting Home Owner Associations (HOA) to their tax obligations.

On 14 December 2017, the South African National Treasury published a Draft Carbon Tax Bill(the "Bill") for public comment, with the comment period commencing immediately and continuing until 9 March 2018.

South Africa's Tax Administration Act, 2011 ("the TAA") sets out the processes as to how a taxpayer may deal with an adverse South African Revenue Service ("SARS") assessment: the request for reasons, ...

It is possible to apply for suspension of this payment on specific application to SARS if the various motivating requirements/factors are met.

Under tax incentives, the Minister proposed to introduce a local content allowance for income tax, relating to the use of selected local raw materials, at the rate of 2%.

In his Medium-Term Budget Policy Statement, in October 2019, Finance Minister Mboweni warned that new tax measures may be announced.

In December last year, the Organisation for Economic Co-operation and Development (OECD) released the Pillar Two Model Rules as approved by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS).

Employment Tax Incentive ("ETI") programme was introduced in January 2014 to promote employment, particularly of young workers.

It is becoming increasingly unlikely that SARS will meet the collection targets required to achieve the additional R35 billion reflected in National Treasury's monthly publications.

In February this year SARS published a Draft Interpretation Note on the determination of taxable income of certain persons from international transactions covering intra-group loans.

SARS has been enforcing penalties on dormant companies where companies have failed to submit tax returns and the request for such returns to be lodged has been ignored.

The South African tax system, just like many other tax systems around the globe, substantially operates on selfreporting or self-assessments.

The provisions of section 8F of the Income Tax Act, 58 of 1962 (the "Act") regulate "hybrid debt instruments".