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COVID-19 second phase economic response: Tax Relief

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National Treasury has published another draft bill to formalise the tax relief measures available in response to the devastating covid-19 pandemic. It is hoped this will clarify uncertainty and offer some relief during these tough times.

CMS expands in Africa

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Frankfurt, 7 October 2019. CMS announces that RM Partners and Daly & Inamdar Advocates, based in South Africa and Kenya respectively, have today joined the leading global law firm. Going forward, they will be known as CMS RM Partners and CMS Daly Inamdar Advocates.

Call for higher taxes is misguided

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A small group of naïve billionaires in the United States are lining up begging for higher taxes on the super rich. I say naïve because they itemise a whole list of problems they imagine can be solved with this additional tax. The whole thing reminds me of the history of foreign aid in Africa.

Reassessing your financial plans following budget speech

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The Finance Minister, Tito Mboweni, used the opportunity in the National Budget Speech to address the concerns raised by many South African citizens, corporates and international ratings agencies.

A closer look into payroll department

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Payroll fulfils many roles within an organisation. Besides being responsible for employees’ compensation and ensuring that the business complies with various legislations, payroll can also drive engagement with employees. Payroll managers have many hats to wear within a business.

BOOK REVIEW | Ageing Wealth – An Unequal Problem

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John Kinsley has written a book that presents two macro-economic challenges facing the world today. There are two broad economic challenges facing economies around the world today: the one is ageing demographics (particularly in established economies) and the other is inequality.

Things are getting worse – but there’s an easy solution

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Discovery CEO Adrian Gore mentioned at the recent Leadership Summit that there is an element of 'declinism' - a pessimism about the state of one’s country - in South Africa, and that it did not accurately represent the situation facing our country.

National Treasury to clarify tax anomalies relating to REITs

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The taxation of real estate investment trusts (REITs) was discussed at the recent National Treasury Workshop on the 2018 draft Taxation Laws Amendment Bill, held on 4 September 2018, in Midrand. The correct tax treatment of certain anomalies, including the taxing of commercial lease deposits, was raised.

South African expatriate tax legislation

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Incorrect information and advice from tax practitioners, or in some cases South African Revenue Service (SARS) officials, has resulted in the misunderstanding of complex South African expatriate tax legislation, which has landed many South African in deep water with SARS.

TAX JUDGEMENT | Contributions to fund share incentive scheme are deductible

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There have been a number of binding private rulings providing for the deductibility of contributions made by employer companies to share incentive trusts for the purpose of acquiring shares in the former.

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