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South Africa's ports and rail infrastructure have long played a pivotal role in regional trade, establishing the country as a key gateway into Africa. However, challenges such as inefficiencies, management issues and underinvestment have impacted their performance, highlighting the need for renewed focus and investment to remain competitive with emerging markets.

The hiatus of section of 45 of the Income Tax Act, No. 58 of 1962 (the Act) with effect from 3 June 2011 has been highlighted quite significantly in the press.

Below, please find issue 70 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.

South Africa has entered into a number of Agreements for the Prevention of Double Taxation ("DTA’s") with other states which contain an exchange of information clause.

South Africa has entered into a number of Agreements for the Prevention of Double Taxation ("DTA’s") with other states which contain an exchange of information clause.

With effect from 1 March 2015, withholding tax on interest will be levied at a rate of 15% in respect of interest that is paid by any person to or for the benefit of any foreign person.

The MLI is the result of certain of the Organisation for Economic Co-operation and Development's action points aimed at preventing base erosion and profit shifting.

The new South African Taxation Laws Amendment Bill, 2017 (the "TLAB 2017") was released following the public consultation process for the Draft Taxation Laws Amendment Bill, 2017 (the "Draft TLAB 2017").

National Treasury has proposed the introduction of new rules for the tax treatment of conversions of debt into equity within the same group of companies.

It remains to be seen how the SARB's approach to Bitcoin develops over time.

The South African Revenue Service (SARS) has significantly escalated its efforts to enhance tax compliance in the crypto sector by issuing tax notices and clarifying exchange control regulations.

The concept of a "collateral arrangement" was inserted into South African tax legislation and came into force on 1 January 2016. The provisions contained in the Income Tax Act, 1962 ("Act")...

The Taxation Laws Amendment Act, 2012, has amended the tax consequences of debt reduction transactions entered on or after 1 January 2013.

Over the past few years, SARS appears to have created a new category of doubtful debts allowances which they have termed a "specific" doubtful debts allowance...

Africa Regulatory ENSight - October 2019

A number of amendments proposed by the National Treasury are, if implemented in their current form, likely to significantly impact on trust structures.

Presidential Legislative Decree ("PLD") No. 5/15 was enacted and entered into force on 21 September 2015.