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Section 191 of the TAA now provides that all tax debts that are due must be set-off against refunds, including the interest thereon, due by the South African Revenue Service to that taxpayer.

The Taxation Laws Amendment Bill, Bill 19 of 2011 introduced to Parliament on 25 October 2011, contains the proposals of the South African Revenue Service ("SARS") and the National Treasury relating to debt-funded reorganisation transactions as contained in their joint press release of 3 August 2011.

The receipt of a request for information from the South African Revenue Service ("SARS") is a common occurrence, and it also common for taxpayers to dive in and respond...

In a recently issued Government Gazette, the Government has changed the administrative rules that made it challenging for non-residents to meet their tax liabilities in South Africa.

Certain shares, if held for a continuous period of three years prior to disposal, are deemed to yield capital proceeds in terms of section 9C of the Income Tax Act.

Over the last several years, the government has taken significant steps to improve the competitiveness of the tax system for South African businesses.

Section 46 of the Tax Administration Act, No. 28 of 2011 ("TAA") allows the South African Revenue Service ("SARS") to request a taxpayer to submit relevant material to SARS for purposes of administering an " Act".

It is recognised in the South African Revenue Services' ("SARS") Tax Exemption Guide for Public Benefit Organisations in South Africa ("PBO Guide") that non-profit organisations play...

The release of the Panama Papers has once again shone the spotlight on the offshore finance industry and many have commented and criticised.

Section 46 of the Income Tax Act 58 of 1962 (the "ITA") provides roll-over relief where a company distributes shares it holds in another company to its own shareholders...

Estimates suggest that the Namibian Government could receive close to USD106-billion (NAD2-trillion at the time of writing) from its petroleum royalties alone...

The legal framework in Mauritius is constantly evolving to keep pace with the rapidly changing economic environment.

Returning to South Africa involves more than relocating. Becoming a South African tax resident can affect your worldwide income, offshore assets, estate planning and retirement savings. Reviewing your structures before you return can help avoid unnecessary tax exposure and preserve long-term flexibility.

Azwinndini Magadani a Partner in the Tax business at SNGGT published the article named 2023 Budget analysis on 23 February 2023.

Whilst there appears to be a trend for corporate income tax rates being lowered, VAT, GST and sales tax rates are generally increasing.

Angola's tax reform included the adoption of three new laws and a reduction in the corporate income tax rate from 35 to 30 percent.

The Tax Administration Act 28 of 2011 although promulgated, will only come into operation on a date to be determined by the President by proclamation in the Government Gazette.