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According to recent reports, startups in South Africa raised over $832m in 2021.

In May 2019, the South African Proposed Regulations Pertaining to the Financial Provision for the Rehabilitation and Remediation of Environmental Damage

These are among the questions facing many South African taxpayers – and for a growing number, the answer lies in offshore trusts.

The levies/taxes at issue were imposed on indigenous communities for different reasons, including for reporting a death in a family, relocation to another village, and the allocation of a residential stand.

The tax treatment of unrealised exchange gains or losses poses certain challenging questions when a foreign denominated debt becomes irrecoverable.

It should come as little surprise that a faltering economy is often accompanied by an increase in litigation.

Following Parliament's approval of the Fiscal Framework and the publication of the notice in the Government Gazette regarding the introduction of the Rates and Monetary Amounts...

Notable Tax Law updates covering South African case law, legislation, SARS and global tax developments.

On 1 July 2021, the OECD announced that 130 out of 139 countries in the Inclusive Framework have agreed to join a new two-pillar plan to reform international taxation rules,this includes all of the G20.

South African corporate taxpayers currently enjoy full utilization of assessed losses. In determining taxable income, the corporate taxpayers can set off their full extent...

In the recent judgment of ABSA Bank Limited and another v CSARS, the South African High Court considered whether a taxpayer is permitted to review a decision by the South African Revenue Service in the High Court.

There has been uncertainty around the tax treatment of fees paid to non-executive directors. While it is clear that the amounts will be subject to income tax, the question was when and how this tax should be collected.

Business Model Optimisation is a process whereby value is created through business transformation.

When companies operate globally, they often share goods and services within their own network of subsidiaries. The prices they set for these transactions are known as transfer pricing.

Understatement penalties (USP) are imposed in respect of understatements by a taxpayer.

The first draft of the Taxation Laws Amendment Bill, 2013 was published by National Treasury on 4 July 2013.

South African residents are taxed on their worldwide income, and a capital gain arising from the sale of shares in a foreign company will be subject to South African tax unless an exemption applies or a double tax agreement provides otherwise