Tag: Webber Wentzel

The curtains have come down on section 18B of the Value-Added Tax Act, No. 89 of 1991 (VAT Act) and the resultant impact may catch a few residential property developers off-guard.

The proposal to tax the sugar content of beverages first came to light in the 2016 Budget. On 5 December 2017, after 18 months of debate, Parliament adopted the tax on sugary beverages (Sugar Tax), which is expected to commence on 1 April 2018. 

South Africa’s water supply is predicted to reach a crisis point by 2030. However, could better management of this critical resource actually be the economic saviour of the country? Dr Anthony Turton, Professor in the Centre for Environmental Management, University of the Free State believes so. 

Nick Alp | Dispute Resolution Partner | Webber Wentzel | nick.alp@webberwentzel.com | www.webberwentzel.com | The Department of Justice and Correctional Services has recently published the Prevention...

A workshop was recently hosted by National Treasury on the proposed changes in the draft Taxation Laws Amendment Bill, 2017 (TLAB) on converting debt to equity. These proposed amendments in the draft TLAB are in sections 19, new sections 19A and 19B, and paragraph 12A of the Eighth Schedule in the Income Tax Act 58 of 1962.

In the 2017 Budget, delivered by the Minister of Finance, it was proposed that additional measures will be considered to circumvent transactions where investors choose to realise their share investments by means of having the shares they hold in a company bought back and characterised as a dividend, while being paid for by means of a new investor subscribing for shares in the same company. This followed on the back of a similar announcement in 2016, whereafter no two specific countermeasures were introduced.

Entities of a certain size are considered to be exempted micro enterprises and thus deemed to be BBBEE compliant as a Level 4 contributor...

Dario Milo | Partner: Dispute Resolution, Information Law | Webber Wentzel | dario.milo@webberwentzel.com | www.webberwentzel.com |  The right to broadcast court cases is a new...

As promised earlier this year, Minister of Economic Development, Ebrahim Patel, has begun the process of implementing changes to the Competition Act, 89 of...