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  • Article

    Why South African Businesses Should Apply For A Section 11D Tax Incentive Today.

    Section 11D of the South African Income Tax Act (the "Act"), makes provision for a tax incentive scheme, commonly referred to as the Research and Development (R&D) tax incentive.
    South AfricaIntellectual Property
    KISCH IP
    KISCH IP
  • Article

    A Trust – Best Fit For You And Your Family?

    When setting up an inter vivos trust, you need to determine whether it will be a discretionary trust or a vesting trust.
    South AfricaTax
    SchoemanLaw Inc.
    SchoemanLaw Inc.
  • Article

Benchmark Transition And Tax: Official Vs. Negotiated CAS April

South Africa's transition from JIBAR to ZARONIA introduces Credit Adjustment Spreads (CAS) to preserve loan economics, but what happens when parties negotiate their own spread instead of using the official rate? The draft finance bill empowers SARB to set mandatory CAS values, yet leaves critical tax questions unanswered for those who deviate from the prescribed methodology.
South AfricaTax
SNG Grant Thornton
SNG Grant Thornton
  • Article

    Uganda Tax Appeals Tribunal Rules On Withholding Tax Due On Accrued Interest

    On 26 May 2020, the Uganda Tax Appeals Tribunal in the case of ATC Uganda Limited vs Uganda Revenue Authority ruled on when an obligation for withholding tax arises and when an amount is deemed to be "paid".
    South AfricaTax
    ENS
    ENS
  • Article

    Public Benefit Activities Vs Non-Profit Organisations: A South African Guide To Tax-Exempt Status

    Public Benefit Organisations (PBOs) and Non-Profit Organisations (NPOs) are often used interchangeably and is a common source of confusion, especially when dealing with their respective tax obligations and regulatory frameworks in South Africa.
    South AfricaCorporate/Commercial Law
    Barnard Inc.
    Barnard Inc.
  • Article

    Fringe Benefit Resulting From The Payment By An Employer For The Provision Of Tax Consulting Services To Its Expatriate Employees

    It was held that the primary enquiry should be whether a benefit or advantage was granted by an employer to an employee for the employee's private or domestic use or consumption.
    South AfricaEmployment and HR
    Werksmans Attorneys
    Werksmans Attorneys
  • Article

    South Africa Introduces New 'Two-pot' Pension System – Implications For Expats

    The objective of the two-pot retirement system is to provide flexibility for fund members and to strike a balance between long-term security and immediate need.
    South AfricaEmployment and HR
    The Sovereign Group
    The Sovereign Group
  • Article

    Will The 2021 Budget Speech Signal A Policy Shift In Relation To Bad And Doubtful Debts?

    We saw a significant policy shift in 2018 when the unfettered discretion of SARS to grant a doubtful debts allowance was eliminated, a process that involved a year-long interaction between SARS...
    South AfricaFinance and Banking
    ENS
    ENS
  • Article

    Structuring Of Agricultural Insurance Products – The Tax Pitfalls Of Getting It Wrong

    The judgment in Taxpayer Boerdery v CSARS, 20 March 2024, serves as a reminder that taxpayers should carefully consider the substance of an arrangement, rather than the form in which it is wrapped.
    South AfricaInsurance
    ENS
    ENS
  • Article

    A "Wealth Tax" For South Africa?

    The tax is to be paid on the market value of the assets owned year on year, whether or not such assets yield any income or differently put, it is typically a tax on unrealised income.
    South AfricaTax
    ENS
    ENS
  • Article

    Amendments To Research And Development Tax Incentive

    South Africa’s research and development incentive is contained in section 11D of the Income Tax Act, No 58 of 1962, and was introduced with effect from November 2006.
    South AfricaTax
    ENS
    ENS
  • Article

    Contributed Tax Capital, Revisited

    Contributed tax capital ("CTC") is a term that is defined in the Income Tax Act, 1962 (the "Act") and that represents a notional amount that is available to be transferred to shareholders...
    South AfricaTax
    ENS
    ENS
  • Article

    Determining The Base Cost Of The Repayment Of An Interest-Free Loan Acquired For Less Than Face Value

    The Eighth Schedule to the Income Tax Act creates a tax liability known as capital gains tax which applies generally where an asset is disposed of.
    South AfricaTax
    ENS
    ENS
  • Article

    Developments In The Taxation Of Collective Investment Schemes

    Prior to the recent amendments in the Taxation Laws Amendment Act, a collective investment scheme was taxed on a semi-flow through regime.
    South AfricaTax
    ENS
    ENS
  • Article

    Employees' Tax Withholding Obligations In Respect Of Share Incentive Arrangements

    Therefore, any amount referred to in section 8C that is required to be included in the income of a person constitutes "remuneration" for purposes of employees' tax.
    South AfricaTax
    ENS
    ENS
  • Article

    Employment Tax Incentive - Accounting And Income Tax Treatment

    It is no hidden secret that unemployment in South Africa remains considerably high.
    South AfricaTax
    ENS
    ENS
  • Article

    Limitation On Utilization Of Assessed Loss (Section 20 Of The Income Tax Act)

    The provisions of section 20 of the Act provides that taxpayers can set off their balance of assessed losses carried forward from the preceding tax year against their income in determining taxable income.
    South AfricaTax
    SNG Grant Thornton
    SNG Grant Thornton
  • Article

    New Tax Dispensation For Collective Investment Schemes And Hedge Funds

    It is proposed in the draft Taxation Laws Amendment Bill, released for comment on 4 July, that hedge funds should be included in the tax regime for collective investment schemes.
    South AfricaTax
    KPMG, South Africa
    KPMG, South Africa
  • Article

    Notices Of Objection: Room For Second Chances?

    The process to be followed by taxpayers when disputing assessments issued by the South African Revenue Service ("SARS") is set out in the Tax Administration Act, 2011 (the "TAA") read with the rules promulgated under section 103 of the TAA.
    South AfricaTax
    ENS
    ENS
  • Article

    Permanent Establishment Considerations

    Parties entering into cross-border transactions must consider the possibility of the transaction giving rise to a permanent establishment for either party, with an eye to avoiding this problem where possible.
    South AfricaTax
    Norton Rose Fulbright South Africa
    Norton Rose Fulbright South Africa
  • Showing 201–220 of 711 results

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