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The Minister of Finance, Enoch Godongwana, will announce new tax proposals in the 2023 Budget which will be delivered on 22 February 2023.

South Africa's Finance Minister will deliver his budget speech to Parliament on 21 February 2024.

In a year dominated by the announcement of an exchange control and tax amnesty, the tax authorities continued with major revisions of and additions to the Income Tax Act. Several important decisions emerged from the courts, including one that succeeded in putting a brake on one of the more excessively draconian practices of SARS

It will certainly be mentioned in history books and, for those of us with an interest in tax, the year had some attention-grabbing moments.

The Taxation Laws Amendment Act, 2018, which was promulgated on 17 January 2018, amended South African tax legislation by overhauling two provisions relating to the reduction of debt, namely section 19 of the Income Tax Act, 1962 ...

In South Africa, interest is deductible under the Income Tax Act, 1962 whether or not the interest is capital in nature, provided the interest is incurred "in the production of income" and as part of a "trade".

Many retailers embark on loyalty programs to add to the value proposition they offer customers.

The recently released Taxation Laws Amendment Act includes some amendments to certain important provisions of the Mineral and Petroleum Royalty Act, 2008.

South Africa has recognised the importance of offering taxpayers greater certainty and predictability in their tax affairs through the recently proposed Advance Pricing Agreement ("APA") programme.

On 4 July 2013, the draft Taxation Laws Amendment Bill was issued by National Treasury in terms of which it was proposed that new anti-avoidance rules will be introduced into the Income Tax Act, 58 of 1962 in order to reduce the opportunity for the creation of equity instruments that are artificially disguised as debt instruments.

application to stay execution process commenced pursuant to taxes raised following the late filing of value-added tax and income tax returns

South Africa's recent amendment to section 25B of the Income Tax Act introduces a material change in the taxation of income distributed by resident trusts to non-resident beneficiaries.

Any taxpayer who wishes to object to or appeal against an assessment issued by the South African Revenue Service must be aware that their obligation to pay any tax under that assessment is not automatically suspended by virtue of the submission of the objection or appeal itself.

There are many reasons why a South African entity may want to assign or transfer ownership of their intellectual property (IP) offshore.

Trusts remain a cornerstone of South African succession planning for high-net-worth individuals and families. Properly structured and administered, trusts...

The TAA provides that a preservation order may be granted if required to secure the collection of tax.

In this issue, we review the key tax measures that have taken place in selected African countries from 2022 to date.