21.3 C
Monday, March 18, 2019

Investor opportunities using S12J VCCs?

In June 2009, The Income Tax Act was amended to make provision for investors to be incentivised to invest in Venture Capital Companies (VCCs).

Bank powers to hold funds on suspicion of a tax offence...

Section 190(5A) of the Tax Administration Act, 2011 requires a bank to immediately report to SARS if it has a reasonable suspicion that the...

IP regulations impact tax & exchange controls

Multinationals in high-tax jurisdictions will now benefit from relaxed IP regulations. The 2017 Budget announced that the regulatory framework regarding cross-border intellectual property transactions is to be relaxed, for both tax and exchange control purposes.

Focus on transfer pricing in Africa increasing!

Tax is the price we pay for civilisation and transfer pricing is the price we pay for globalisation.Over the years, transfer pricing has...

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.

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 changes and additions to the Controlled Foreign Company (CFC) rules. Of concern is the possibility that double tax might be payable in certain cases.

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.

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...
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