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In an ENSafrica article dated 19 August 2015, we addressed the proposed unilateral extension of prescription by SARS as was provided for in the draft Tax Administration Laws Amendment Bill...

Tuchten J of the North Gauteng High Court handed down an important judgment in relation to information and documentation obtained by SARS.

VAT is generally chargeable at a normal rate of 15% when the services or goods sold are not zero rated or Exempt.

We recently wrote about the fact that Her Majesty Revenue & Customs ("HMRC") updated their guidance and practice in the United Kingdom regarding the VAT status of forfeited deposits, following a judgment of the European Court of Justice ("ECJ") (ECJ Case C-277/05).

This is misleading and mostly incorrect.

According to the UN Conference on Trade and Development (UNCTAD) in a report published in September 2020, Africa loses about US$88.6 billion in illicit capital flight...

This is a sure way of achieving the desired results.

Sasol, a major South African energy and chemical company, is facing a significant tax dispute with the South African Revenue Service (SARS).

As artificial intelligence increasingly performs tasks once carried out by human workers, governments face a fundamental challenge: tax systems designed around employment-based revenue are under pressure. With more economic value flowing to technology and capital rather than through traditional payroll structures, policymakers must confront difficult questions about how automation should be taxed and whether current incentives inadvertently encourage workforce reduction.

One often hears that hedge funds are unregulated in South Africa. While this is true as regards direct regulation, anyone looking at establishing a hedge fund in South Africa or investing into such a fund should be aware that a fund will need to navigate a raft of complicated South African legislation.

In the National Budget Speech delivered on 20 February 2019, it was announced that National Treasury will publish a draft Environmental Fiscal Reform Policy Paper in 2019.

A person nominated to receive an inheritance, whether in a will or by virtue of the laws of intestate succession, may choose to either adiate or repudiate that inheritance.

In the recent Supreme Court of Appeal ("SCA") judgment of Rand West City Local Municipality v Quill Associates (Pty) Ltd and Another...

The Retirement Fund Reform Discussion Paper issued by the National Treasury in December 2004 elicited suggestions from a wide range of institutions and people. There were a number of excellent suggestions put forward and it is to be hoped that many of them will be incorporated into the draft Bill, which is now eagerly awaited.

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.

BPR 156 dealt with the question of whether a pension annuity and a retirement lump sum benefit will be taxable in South Africa, if it is received by or accrues to a person who is not a resident of South Africa, from a South African registered pension fund.

Although the overall economics of repurchase arrangements ("repos") and collateral arrangements may be comparable in certain instances, the legal nature of these transactions...