Treasury has proposed certain amendments to the Income Tax Act relating to the tax treatment of cryptocurrencies in the recently issued Draft Taxation Laws Amendment Bill (draft TLAB). Tertius Troost, senior tax consultant at Mazars, explains that, in the draft TLAB, Treasury proposes to include ...
South Africa's Minister of Finance has published a draft amendment, which if enacted, would change South Africa's VAT rate back to 14%. This proposed draft amendment, which is open for public comment, would revert the rate back to 14% and currently has a .
First introoduced in 2009, Section 12J under the South African Income Tax Act has come as a welcome step in venture capital activity. Now, new amendments to Section 12J will take effect in January 2015, with the aim of boosting investment in entrepreneurial businesses.
1 University of the Witwatersrand, Johannesburg THE CORPORATE INCOME TAX EFFECT OF GROUP RESTRUCTURINGS IN SOUTH AFRICA Candyce Blew A research report submitted to the Faculty of Commerce, Law and Management, University of
REPUBLIC OF SOUTH AFRICA EXPLANATORY MEMORANDUM ON THE TAXATION LAWS AMENDMENT BILL, 2008 ... Entry into and exit from South African tax jurisdiction (see explanation of main amendments) 54 8th Schedule, para 40 Retirement fund reforms (see explanation of main amendments)
cease to be tax resident and leave South Africa or when they leave South Africa at the end of their work visa and were not regarded as resident by the South African Reserve Bank for purposes of exchange control. IV. Effective date The proposed amendments will come into effect from 1 March 2016 _____
Oct 24, 2018· South Africa misses tax target after 'coming clean' on refunds South Africa's National Treasury considerably underestimated how much it owes in VAT refunds, and will miss the revenue target for this year after revising its provisions.
However, in the 2018 Draft Taxation Laws Amendment Act ("Draft TLAB"), National Treasury has proposed an amendment to the definition of "dividend" contained in section 1 of the Income Tax ...
for ValueAdded Tax and related amendments to the ValueAdded Tax Act. We appreciate the opportunity to participate in the process and would welcome further dialogue. ... services subject to VAT in a foreign jurisdiction should not also be taxed in South Africa. Businesstobusiness supplies: using the reverse mechanism to collect the VAT
By Anton Lockem, Head of Tax and Devs Moodley, Associate in the Tax team. Section 7C of the Income Tax Act 58 of 1962 (the "Act") was introduced earlier this year and applies to loans made to Trusts interestfree or at a rate lower than the official rate of interest as defined in paragraph 1 of the Seventh Schedule to the Act.
The South African Income Tax Act contains a number of rules which give rise to onerous tax consequences where a taxpayer's debts owing is forgiven. These rules were in recent years the subject of comprehensive legislative amendments.
Acts Online provides legislation, including amendments and Regulations, in an intuitive, online format. We are the leading resource for freely available Legislation in South Africa and are used daily by thousands of professionals and industry leaders. With Acts you are guaranteed the latest and most up to date resource for your legislative needs.
South African ruling African National Congress will push ahead with plans to amend the constitution to allow for the expropriation of land without compensation, President Cyril Ramaphosa said on ...
The Department of Social Development issued a Policy Discussion document on the proposed amendments to the Nonprofit Organisations Act (NPO Act), 1997 (Act 71 of 1997), during the South African National NPO Summit, which took place from 1417 August 2012 in Ekurhuleni, Johannesburg.
Africa Middle East / South Africa Proposed changes to the tax on sugarsweetened beverages (SSBs) were introduced in the recently announced 201718 Budget. The South African National Treasury has issued a list of questions and answers on the changes to the proposed tax.
The South African government obtains money, through SARS (based on the South African Revenue Service Act No. 34 of 1997), by imposing certain mandatory charges on South Africa's natural persons and legal persons as a type of fee(s)/levy(ies) for utilising its resources and/or infrastructure(s) (Salie, et al., 2014; SARS, 2014; SARS, 2015).
South Africa subsequently launched sporadic attacks on Angola (which supported insurgents seeking to end South African rule over Namibia) and Mozambique and aided insurgencies in the two former Portuguese territories; these operations (and other raids into Botswana, Lesotho, and Zimbabwe) were apparently in response to the aid and political support given by South Africa's neighbors to the African .
Nov 28, 2016· His memoir provides a harrowing look, through the prism of Mr. Noah's family, at life in South Africa under apartheid, and the country's entry into a postapartheid era.
The South African International Trade Administration Commission (ITAC) is responsible for tariff investigations, amendments, and trade remedies in South Africa and on behalf of SACU. As a result of the Uruguay Round in 1994, South Africa reformed and simplified its tariff structure.
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