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On 14 December 2017, the South African National Treasury published a Draft Carbon Tax Bill(the "Bill") for public comment, with the comment period commencing immediately and continuing until 9 March 2018.

The SVDP legislation also deals with controlled foreign companies subject to the provisions of section 9D of the Income Tax Act.

Accordingly, it is possible that in drafting the CbC legislation, SARS and National Treasury will make reference to the Australian legislation to implement CbC reporting which was enacted in December 2015.

In its first and much anticipated judgement in relation to the interpretation of section 8A of the Income Tax Act, and to Deferred Delivery Share Schemes, a full bench of the Supreme Court of Appeal unanimously upheld the taxpayers’ contentions.

The Commissioner for the South African Revenue Service 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.

Due to the importance of prescription for taxpayers in obtaining finality as to their tax affairs, it is crucial for taxpayers to be aware of the prescription status of assessments and their rights in this context.

The South African Revenue Service ("SARS") increased their audit activity and focus on the collection of tax.

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".

Foreign residents doing business in South Africa often neglect to register as a value added tax ("VAT") vendor in circumstances where services are rendered to South African enterprises. The misunderstanding generally arises because the foreign resident is under the impression that it does not need to register as a vendor for VAT purposes in view of the fact that the transaction may be once-off and that it would therefore not be conducting business in South Africa on a continuous basis

Value-Added tax ("VAT") is an indirect consumption based tax on goods and services in South Africa. VAT is currently levied on taxable supplies made by a vendor at a standard rate of 14%.

The Venture Capital Company tax regime is regulated by section 12J of the Income Tax Act, 58 of 1962 which was first introduced 2009 in order to encourage investments into privately owned businesses.

On 2 December 2020, South African Parliament passed the Cybercrimes Bill ("Bill"), which will be submitted to the South African President for assent.

Artificial intelligence ("AI") uses algorithms to analyse data and identify patterns that may signify malicious activity or suspicious behaviour. This can be used to flag potential threats and to alert security...

A company known for its chatbot persona recreations of popular TV characters has recently come under fire following a civil lawsuit alleging that a fourteen-year-old boy committed suicide after prolonged...

The recent judgment in Standard Bank v South African Reserve Bank addresses a long-standing debate in South African law: namely, whether cryptocurrencies constitute "capital" for purposes of Regulation 10(1)(c)...

The regulations introduced new employment standards, a few of which are highlighted below.