Tag: National Treasury
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)...
State Capture vs Radical Economic Transformation
It’s all about who owes what and how much of it as well as the colour of the owner - and a deep rooted grievance which still has to be settled.
1994 gave us temporary reprieve - but the Rainbow experiment has ended - and we're all to be blamed for it. In 2007, the so-called 'second phase' of the National Democratic Revolution was adopted in Polokwane. It advanced in 2012 in Mangaung. Business did not take any of that seriously - they thought (perhaps hoped) that things would remain the same. It didn't.
S&P ratings downgrade unscheduled!
On 3 April 2017, Standard and Poor’s Ratings Services decided to cut South Africa’s international credit rating from BBB- to BB+.
A rating of BB+ is considered below investment grade (sometimes referred to as "junk status”). Unfortunately, the negative ratings outlook was also retained, suggesting that S&P could revise the country’s credit rating lower at year-end should the fiscal parameters deteriorate significantly.
A NEW ERA FOR SA’S TREASURY
South African President, Jacob Zuma, has decided to remove the Finance Minister Pravin Gordhan and his deputy, Mcebisi Jonas, from their posts.
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...
BUDGET 2017: GREATER THAN THE SUM OF ITS PARTS
Finance Minister, Pravin Gordhan and the National Treasury, have their work cut out for them in the 2017/18 financial year.
The economic stewards of...
The calm before the storm
With less than a month to go before the 2017 Budget Speech, attention is shifting to possible tax amendments expected to be implemented in the new tax year.
WEATHERING THE TOUGH TIMES AHEAD
According to National Treasury, the GDP growth rate is forecasted at an estimated 1.3% for 2017. The outlook points to a tough year ahead...
TAX IMPACT SA MULTINATIONALS
Proposed tax amendments to SA’s controlled foreign company (CFC) rules will adversely impact South African multinationals with foreign subsidiaries that have assessed tax losses,...
