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Government has proposed to reduce the corporate income tax (CIT) rate on income earned by hotels and lodges on accommodation and food coaches, to 15% from 35%.

In 2006, the South African Government introduced a tax-incentive scheme aimed at increasing scientific and technological research and development expenditure by businesses throughout all sectors in South Africa.

A report published in 2018 on business incentives in South Africa made a number of key observations some particularly related to the Research and Development tax incentive.

Section 9H to the Income Tax Act, No 58 of 1962 ("the Act") was introduced into the Act with effect from 1 April 2012.

During the 2014 tax year, the South African Revenue Service ("SARS") introduced a new income tax return for trusts (ITR12T) which was much more comprehensive than its predecessor.

The Commissioner: South African Revenue Service ("SARS") recently announced that companies and close corporations ("CCs") will, in certain cases, be required to complete and submit a supplementary declaration for companies and CCs, Form IT14SD.

From 1 March 2017 onwards, taxpayers have a further consideration in the form of section 7C of the Income Tax Act to take into account when doing estate planning.

The most tax disputes are decided by courts on the basis of whether taxpayer has discharged the onus of proving that something is exempt or otherwise not taxable or that an amount is tax deductible.

Below, please find issue 33 of ENSafrica's tax in brief, a snapshot of the Below, please find issue 33 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.

It is common practice in many multinational organisations for employees to render services in more than one country.

The Income Tax Act allows for roll-over relief in certain circumstances where assets are contributed to a company in exchange for shares in that company.

Rule 32(3) of the Rules promulgated under section 103 of the Tax Administration Act 28 of 2011 ("Tax Court Rules"), as amended...

Internationally, intra-group financing arrangements have been under scrutiny for a number of years and have been the subject of some of the most significant transfer pricing disputes.

We have recently seen that the South African Revenue Service ("SARS"), in conducting audits in respect of taxpayer's affairs...

The concept of contributed tax capital was introduced into the Income Tax Act, No 58 of 1962 with effect from 1 January 2011.

The South African government introduced Section 11D of the Income Tax Act number 58 of 1962 to encourage and incentivise private sector investment towards the research and development of scientific or technological activities.

Attractive new shipping provisions in South Africa’s new Taxation Laws Amendment bill go some way in showing that the government is serious about taking steps to revive South Africa’s rather sleepy international shipping sector.