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On 17 March 2016, the South African Revenue Service ("SARS") issued an interesting binding private ruling ("BPR 227") concerning a share subscription transaction which was followed by two share buyback transactions.

Individuals and special trusts.

For many years investment in immovable property has been a very lucrative form of passive investment in South Africa, particularly when comparing the South African property market with countries like the US or Europe.

An overview of Presidential Legislative Decree no 2/14 of 20 October 2014 revising the Investment Income Tax Code was published in our November 2014 newsletter.

We are often spoken of as an economy with high levels of debt. Even when interest rates are high, we have never been scared of gearing ourselves so that we can buy that expensive car or holiday house in Hermanus. Companies too often have high levels of debt

Burkina Faso signed a foreign investment protection agreement (IPA) with Canada on 20 April 2015 in Ottawa.

In an outcome that could not have been predicted, for the first time in 30 years of democracy, South Africa's budget speech was not presented by South Africa's Minister of Finance, Enoch Godongwana on 19 February 2025...

Employers are advised to review their existing employee share incentive schemes in the light of the latest tax amendments and accounting disclosure requirements.

application brought to review and set aside the decision of the Commissioner for the South African Revenue Service (" Commissioner" and " SARS") not to remit interest in terms of section 39(7) of...

Unlike in the past few years, there have certainly been some surprises sprung on taxpayers by the Minister in his Budget Speech.

In order to address the effects of the 15% increase in fuel prices which came into effect on 3 February 2024, the following ad hoc tax changes have been announced through a public notice...

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

On 21 February 2024, the Minister of Finance, Enoch Godongwana, delivered the 2024 budget speech.

In terms of the Eighth Schedule to the Income Tax Act (the "Act") capital gains tax ("CGT") is levied in respect of the "disposal" of any "asset" by a person.

Tax free savings accounts were introduced from 1 March 2015 as a measure to encourage household/individual savings.

The transition from the Johannesburg Interbank Average Rate (JIBAR) to the South African Rand Overnight Index Average (ZARONIA)...

Below, please find issue 132 of ENS' Tax in brief, a snapshot of the latest tax developments in South Africa.