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SARS has been enforcing penalties on dormant companies where companies have failed to submit tax returns and the request for such returns to be lodged has been ignored.

In terms of the "pay now, argue later" principle, the South African Revenue Service (SARS) is entitled to collect amounts owing by a taxpayer in terms of an assessment.

The provisions of section 8F of the Income Tax Act, 58 of 1962 (the "Act") regulate "hybrid debt instruments".

The Tax Administration Act 28 of 2011 (''TA Act'') introduced certain administrative provisions governing Tax Practitioners.

The favourable tax treatment afforded to dividends in contrast to other forms of income (including capital gains subject to capital gains tax) in terms of South African tax law

South Africa's diverse economy, strategic role in Africa and political history create a unique business and regulatory environment.

A number of South African individuals, trusts and companies feature in the recent data leak involving clients of Panamanian law firm Mossack Fonseca.

The South African tax system, just like many other tax systems around the globe, substantially operates on selfreporting or self-assessments.

South African President Cyril Ramaphosa has signed into law the Carbon Tax Act, 2019, which comes into effect on 1 June 2019. With the passing of the carbon tax into law, a price on carbon

The impact of the Mineral Petroleum Resources Royalty Act No. 28 of 2008 on coal mining companies in South Africa has been subject to substantial debate since the Royalty Act came into effect.

The CRS imposes obligations on financial institutions to exchange tax and financial information on a global level with other countries - this cross-border transfer of sensitive financial data between jurisdiction raises data privacy and protection concerns.

The 2026 National Budget provides an important moment to assess emerging trends, policy shifts and the impact...

Many countries worldwide seek to avoid the loss of tax revenues to what has become commonly known as low-tax jurisdictions or tax-havens.

National Treasury has issued a discussion paper on the "Taxation of Electronic Nicotine and Non-Nicotine Delivery Systems".

In today's rapidly changing business landscape, innovation has become an indispensable driver of success. However, the professional services industry, encompassing areas like...

The promulgation of the Tax Administration Bill is set to have serious and significant ramifications for taxpayers in South Africa with the South African Revenue Service (SARS) soon to be granted the power to search and seize relevant material without the need for a warrant.

Mining companies generally make financial provision for rehabilitation by virtue of rehabilitation trusts or financial guarantees through a financial institution or insurance policies.