Tag: Taxation Laws
South Africa’s damaging vaping regulation
South African legislators are seeking to regulate e-cigarette and vaping products through the draft Control of Tobacco Products and Electronic Delivery Systems Bill, as well as new taxation laws. The National Department of Health has started to amend current tobacco legislation through the draft Bill, while taxation will be levied on nicotine and non-nicotine solutions with a 40% incidence guideline.
Avoid tax wolves in sheep’s clothing: things to look out for
Post-COVID-19 economic resurgence saw an increase in international work opportunities. With skills in hand, many South African professionals have become sought-after in other countries. As a result, their finances and subsequent taxation have come under scrutiny. However, along with the awareness of tax complications, another threat has emerged.
National Treasury seeks to empower low-income employees
National Treasury's proposal in the draft 2018 Taxation Laws Amendment Bill (2018 draft TLAB) to remove the taxable benefit concerning low or interest free loans granted to low-income employees for low-cost housing (the Proposed Amendment) was discussed on Day 2 of the recent National Treasury Workshop on the 2018 draft TLAB (Tax Workshop).
