Tag: Income Tax Act (ITA)
Dividend treatment overlap
Section 1 of the Income Tax Act (ITA) defines a 'dividend' to be any amount transferred by a resident company for the benefit of any person in respect of any share in that company whether by way of a distribution or consideration for a share repurchase, but does not exclude a reduction of contributed tax capital of the company.
VCC’s driving SME’s
Neill Hobbs | Founder and Director | Anuva Investments | neillh@anuvainvestments.co.za | www.anuvainvestments.co.za |
Using a concept borrowed from the UK, SARS has written Section 12J...
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...
