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Over the past few years the Courts have become increasingly intolerant of arrangements that are designed to look like legitimate commercial transactions but which are in fact complicated ruses by which the parties collude to secure a tax advantage.

South African Revenue Service (SARS) is empowered to raise an original, additional, reduced or jeopardy assessments.

BPR268 deals with the tax implications of an arrangement that is aimed at correcting previous errors by a taxpayer.

Sections 8F and 8FA contain re-characterisation rules relating to hybrid debt instruments and hybrid interest.

Financing transactions often involve the capitalisation of interest, i.e. adding unpaid interest to the principal loan amount

It is now proposed that such dividends declared prior to vesting of the shares will be subject to income tax in the hands of the holder.

These assess in detail a country's efforts to address climate change in detail and are also useful for policymaking.

The deductibility of interest has for years been a contentious issue and this has been reaffirmed with the introduction of section 23M into the Income Tax Act No 58 of 1962 (the "Act") with effect from 1 January 2015.

On 24 October 2013 the Customs Duty Bill, the Customs and Excise Amendment Bill and the Customs Control Bill were introduced in the National Assembly by the Minister of Finance.

The Davis Tax Committee ("DTC") released its much-anticipated second (and final) interim report (the "Report") on estate duty on 24 August 2016.

The introduction of the new South African transfer pricing rules with effect from 1 April 2012, as well as the repeatedly delayed publication of the SARS Interpretation Note, has ensured that transfer pricing has been a hot topic of discussion during the last few months.

The timing of disposals of assets and the resulting accrual of the proceeds have been contentious aspects over the years.

In South Africa, registering for taxes is processed through the South African Revenue Service (SARS). The body is also responsible for tax collection.

The definition of gross income, as defined in section 1 of the Income Tax Act, 58 of 1962 ("the Act"), specifically excludes an amount, received or accrued to a person, which is capital in nature.

The SA Red Cross Air Mercy Service Trust approached the High Court for a declaratory order regarding the value added tax status of payments it receives from the health departments of provincial governments...

In 2014, South Africa adopted legislation to subject certain limited services supplied via electronic means to VAT, regardless of the place from where the services were supplied.

As indicated in the tax proposals of the 2012 Budget Speech, by mid-February 2012, the South African Revenue Service ("SARS") had captured 17 938 applications for voluntary disclosure relief in terms of the Voluntary Disclosure Programme and Taxation Laws Second Amendment Act No. 8 of 2010 ("the VDP Act") and concluded agreements to the value of R941 million in this regard.