The most significant proposals in the 2018 Budget Review will probably affect all taxpayers in South Africa, not only those with accumulated wealth.

Dividends are payments received by a person in respect of shareholding in a company. In the recent case of C:SARS v Reunert Ltd the SCA was required to consider an arrangement...

A number of tax rate increases were announced in the 2017 Budget Review on 22 February 2017. These may impact directly on investment yields and re-investment base of investors.

Many employee share incentive schemes involve the use of trusts to house the shares until such time as they vest in the employees.

Share incentives schemes often involves the use of trusts to administer the awards made to employees.

The 2018 Budget Review contains a number of proposals that will impact businesses operating in South Africa.

The Income Tax Act allows for roll-over relief in certain circumstances where assets are contributed to a company in exchange for shares in that company.

The Income Tax Act contains specific provisions relating to the timing of the accrual or incurral of interest for tax purposes. BPR272 deals with an arrangement that contains deferred payment...

The increase in the dividends tax upon distribution of company profits to 20% may however impact on business structures that rely heavily on dividend flows.

Understatement penalties (USP) are imposed in respect of understatements by a taxpayer.

The increase in the VAT rate from 14% to 15% was arguably the biggest announcement in the 2018 Budget Review from a tax perspective. This change in VAT rate will impact consumers directly ...

South African businesses play an integral role in socio-economic upliftment and development of communities. Expenditure incurred for this purpose may have tax implications for the business involved.

In difficult economic times, debt capitalisation may afford companies some room to improve their financial position.

From 1 March 2017 onwards, taxpayers have a further consideration in the form of section 7C of the Income Tax Act to take into account when doing estate planning.

Capital gains tax is imposed on any amount that a taxpayer becomes entitled to as a result of a disposal of an asset, whether this amount has been received in cash or not.

The tax implications of assuming contingent liabilities as part of a sale of business present uncertainties for both sellers and purchasers.

The tax treatment of unrealised exchange gains or losses poses certain challenging questions when a foreign denominated debt becomes irrecoverable.

The Taxation Laws Amendment Bill introduces a revised set of rules that will apply to debt restructuring transactions that occur during years of assessment that commence on or after 1 January 2018.

BPR268 deals with the tax implications of an arrangement that is aimed at correcting previous errors by a taxpayer.

The timing of disposals of assets and the resulting accrual of the proceeds have been contentious aspects over the years.