Foreign residents doing business in South Africa often neglect to register as a value added tax ("VAT") vendor in circumstances where services are rendered to South African enterprises. The misunderstanding generally arises because the foreign resident is under the impression that it does not need to register as a vendor for VAT purposes in view of the fact that the transaction may be once-off and that it would therefore not be conducting business in South Africa on a continuous basis

The Tax Administration Act 28 of 2011 (''TA Act'') introduced certain administrative provisions governing Tax Practitioners.

Clarificaition of the transfer pricing documentation.

The Taxation Laws Amendment Bill confirms the introduction of interest withholding tax at a rate of 15% as from 1 January 2015 which applies in respect of interest that is paid or that becomes due and payable on or after that date.

Value-Added tax ("VAT") is an indirect consumption based tax on goods and services in South Africa. VAT is currently levied on taxable supplies made by a vendor at a standard rate of 14%.

The Venture Capital Company tax regime is regulated by section 12J of the Income Tax Act, 58 of 1962 which was first introduced 2009 in order to encourage investments into privately owned businesses.

South African President Cyril Ramaphosa has signed into law the Carbon Tax Act, 2019, which comes into effect on 1 June 2019. With the passing of the carbon tax into law, a price on carbon

The impact of the Mineral Petroleum Resources Royalty Act No. 28 of 2008 on coal mining companies in South Africa has been subject to substantial debate since the Royalty Act came into effect.

A Public Benefit Organisation ("PBO") is defined in the Income Tax Act as a non‑profit company or a trust which has been incorporated, formed or established in South Africa and which has the sole...

A recent scenario involved a South African company structuring an intellectual property (IP) licensing agreement with an offshore partner.

In response to the recent civil unrest in KwaZulu-Natal and Gauteng and the extensive damage and destruction to property, the International Trade Administration Commission of South Africa (ITAC)...

The CRS imposes obligations on financial institutions to exchange tax and financial information on a global level with other countries - this cross-border transfer of sensitive financial data between jurisdiction raises data privacy and protection concerns.

South Africa has a budget deficit of 3.1 % of GDP and debt on government spending alone amounting to a staggering 48% of GDP.

The Minister of Finance, Tito Mboweni, presented his Medium Term Budget Policy Statement ("MTBS") today, 28 October 2020.

The question whether there can ever be a recoupment by a partner to the extent that he disposes of his interest in a partnership as opposed to a partnership disposing of assets, has always been contentious. In this context it was always contended by taxpayers that there cannot be a recoupment to the extent that a partner disposes of a partnership interest, even though a partnership is not a separate legal entity and income that has accrued to partners in common is deemed to have accrued to each

SARS recently published a draft legislation that will deal with tax allowances to be claimed in respect of production costs and post production costs in respect of films. Even though a film owner can still claim a film allowance in respect of production costs and post production costs once used by the film owner in the production of income, a number of principles have been restated.

SARS recently released an updated version of a comprehensive guide to capital gains tax. This guide, which is even more comprehensive than the traditional handbooks, provide not only clear examples of how to implement CGT, but a number of new thoughts are also reflected in the guide. This is surely to become one of the foremost works on CGT for a long time.

The favourable tax treatment afforded to dividends in contrast to other forms of income (including capital gains subject to capital gains tax) in terms of South African tax law

For many years there has been a debate as to whether a company can incur a cost in relation to the acquisition of an asset or the incurral of operating expenditure, where it pays the supplier by issuing its own shares.

In our Global Tax Alerts in February 2018 and January 2019 we discussed the Dutch Court of Appeal's decision which held that dividend distributions from Dutch entities to South African entities are effectively...