More flexibility for domestic treasury management companies?
The 2017 draft Taxation Laws Amendment Bill and draft Tax Administration Laws Amendment Bill were released for comment on 19 July 2017.
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A domestic treasury...
Double tax danger for foreign companies held by foreign trusts or...
The much-anticipated Draft Taxation Laws Amendment Bill came out on 19 July 2017.
From an international tax perspective, issues of interest include the proposed...
Dormant Company Debt a Tax Headache?
Corporates “can” acknowledge that winding up a dormant company within their South African group of companies can result in a tax headache.
This is the...
SARS Attacks Low No Interest Loans!
Low-interest or no-interest loans to trusts are again in the sights of SARS and the Treasury.
The 2017 Draft Taxation Laws Amendment Bill (Draft TLAB)...
‘Surprise – you have to pay my tax!’
In certain circumstances, SARS may hold a person personally liable for the tax debt of another taxpayer. Broadly, the at-risk third parties fall into...
FPI receives ‘Recognised Controlling Body’ status by SARS
The Financial Planning Institute of Southern Africa (FPI); a South African Qualifications Authority (SAQA) recognised professional body; has recently been approved by the South...
Tax avoidance could be a tax trap
In 2016, the Income Tax Act (“the Act”) was amended to provide for a further tax burden where (by and large) individuals had advanced...
TAX INCENTIVE APP!
KPMG in South Africa has launched a Learnership Incentive Tax Tool (LITT), an app that provides an additional tax deduction for registered learnerships. The...
APPROPRIATE TAX MIX?
After much speculation over the past few weeks as to how the Minister of Finance would ‘plug the deficit’ in his Budget Speech on...
SOUTH AFRICA’S 2017 BUDGET
Minister Pravin Gordhan and his team at National Treasury should be praised for striking the correct fiscal balance in this year’s budget. Gordhan understands...
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