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The rise of the discretionary family trust has long seemed inevitable. It appears to provide unparalleled commercial and fiscal flexibility to achieve multi-generational wealth transfer...

The Supreme Court of Appeal delivered a judgment last week (1 June 2005), which will have far reaching implications in the context of an auditor's duty of care to third parties.

At the time of writing, South Africa’s Treasury was finalising its Tax Amendment Bill which it is hoped will make vital improvements to the country’s tax treatment of foreign funds.

The transfer pricing regulations gazetted on 21 December 2018 became effective on 1 July 2019.

On 26 May 2019, the Council of Ministers endorsed a new bill amending Customs Proclamation No. 859/2014,

When taxpayers dispute an assessment, the expectation is straightforward: either the taxpayer wins and the assessment is reduced, or the South African Revenue Services (SARS) wins and the assessment remains unchanged.

Cross-border tax compliance between Botswana and South Africa is undergoing significant transformation as SARS deploys AI-driven enforcement tools, Botswana proposes a shift to residence-based taxation, and global minimum...

In terms of section 64EA(a) of the Act, the beneficial owner of a cash dividend is liable for dividends tax in respect of that dividend.

Estate Duty – Estate duty is payable at the rate of 20% of the net value of assets in the estate in excess of the sum of R3 500 000,00.

The points for consideration by the Supreme Court of Appeal ("SCA") in Telkom SOC Limited v C:SARS on 25 March 2020 were two-fold.

The third draft of the long awaited Tax Administration Bill ("TAB") was recently published for a final round of public comment. The TAB is an initiative to incorporate certain generic administrative provisions, which are currently duplicated in the different tax acts, into one piece of legislation.

In the landmark decision of ASPASA NPC and others v C: SARS (2024), the High Court addresses a variety of procedural challenges raised by the Commissioner...

The Davis Committee prepared an interim report setting out its position on the OECD BEPS Action Plan on 23 December 2014.

The Commissioner of the South African Revenue Service has recently published a Draft Interpretation Note on the allowance of future expenditure on contracts in terms of section 24C of the Income Tax Act 58 of 1962.

The Medium-Term Budget Policy Statement is taking place on 30 October 2019, and taxpayers anticipate significant shortfalls in tax collections

When raising finance by way of preference shares, taxpayers are well aware of the risks posed by the anti-avoidance provisions of sections 8E and 8EA of the Income Tax Act ("the Act")...