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On 1 October 2012, the long – awaited Tax Administration Act, Act 28 of 2011 (‘the TAA’) came into force.

While some high-profile share swaps in the retail and lifestyle sector have left a bitter aftertaste, it is important to remember that not all corporate restructures are cautionary tales.

The Tax Administration Act, No 28 of 2011 (‘TAA’), which was promulgated on 4th July 2012, took effect on 1st October 2012, except for certain specific provisions dealing with the imposition of interest payable to the Commissioner: South African Revenue Service by taxpayers, and, also, by the Commissioner to taxpayers.

The much-anticipated amendments to the regulations for purposes of the definition of "electronic services" in section 1 of the VAT Act, No. 89 of 1991 ("VAT Act") have been released for public comment.

The venture capital company ("VCC") regime was introduced in 2009, with an aim to encourage investors, by way of substantial tax benefits, to invest in small South African trading companies.

The South African Government was traditionally quite reluctant to impose withholding taxes, especially in an attempt to encourage investment into South Africa. Of late, however, it seems that it has been realised that withholding taxes is an effective method of collecting taxes especially in the context of non-residents of South Africa deriving their profits from transactions linked to South Africa.

The Constitutional Court's decision in Absa Bank Ltd v SARS marks a pivotal shift in how South African courts approach tax avoidance structures, moving beyond technical compliance to examine the true commercial substance of transactions. This judgment signals a broader regulatory trend where authorities increasingly look through carefully engineered corporate structures to ask what was really happening, challenging the long-held assumption that technical legal compliance provides immunity from scrutiny.

In today’s residential property environment, how you own property is often as important as what you buy. Increasingly, South African investors and high-value homeowners are re-examining traditional ownership...

In a slightly surprising, but nevertheless welcome, South African 2020 Budget Speech today, the Honourable Minister of Finance announced that there would be no significant tax increases

The Government of Ghana has introduced five new Bills, aimed at increasing revenue generation.

The DIFTZ will house a variety of manufacturing plants and offer investors various incentives, including tax exemptions.

The issue to be dealt with was the taxation treatment of loyalty rewards programmes and whether an allowance under section 24C of the Income Tax Act is offered to Clicks Retailers (Pty) Limited...

Each South African entity belonging to MNE group, is required to submit the GloBE information return (GIR) in terms of the GloBE Minimum Tax Administration Act, 2024 (GMTA Act).

A Draft Taxation Laws Amendment Bill (initial batch) was published which proposes an insertion of section 6C "solar energy tax credit" in line with the announcement by the Finance Minister...

Welcome to the Tax Focus Jan/Feb 2024 Edition! To start the year off right, we understand the importance of staying informed and up-to-date on all things tax-related.

Below, please find issue 88 of ENSafrica's tax in brief, a snapshot of the latest tax developments in South Africa.