711 results found

On 2 April 2025 the majority of the South African National Assembly voted in favour of the adoption of the fiscal framework of the National Assembly's standing committees on finance.

The South African Revenue Service has changed the format of the annual income tax return to be submitted by corporates by replacing the IT14 form with the ITR14 form.

Sale and lease ack arrangements allow asset owners to sell the asset while retaining use of the asset sold through  a leaseback arrangement.

Having gone through a number of substitutions and amendments, the debt reduction rules contained in section 19 of the South African Income Tax Act, 1962 (the "Act")

A taxpayer can apply to the South African Revenue Service for a binding ruling if the application of legislation is uncertain.

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

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.

Over the last two days, Uganda and Kenya have both announced emergency tax measures to deal with the effects of the coronavirus (COVID-19) outbreak. In Uganda: taxpayers with an accounting period ending on 30 September...

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...

A share repurchase agreement is used when a company buys back shares from one or more of its shareholders or investors. The buyback is also a tax-efficient way to return money to shareholders.

As another Budget Speech looms, one can only hope that the Minister of Finance will provide positive news to encourage further investment in the oil and gas industry.

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.

With the coming into effect of the Tax Administration Act, 28 of 2011 on 1 October 2012, substantial changes were introduced to the administrative provisions and powers of the South African Revenue Service.

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

South African taxpayers commonly form companies in foreign jurisdictions to seize investment and expansion opportunities.