Thursday, 12 January 2012 10:29
Taxation Laws Amendment Bill comes under the microscope
Compared to the original draft version that was released in June this year, the final Taxation Laws Amendment Bill (TLAB) has proved to be an overall success in terms of the legislative process, despite concerns from business that a proposed suspension by National Treasury on section 45 could see the end of sustainable black economic empowerment (BEE).
Monday, 05 September 2011 13:28
Time for voluntary disclosure running out
Time for the Voluntary Disclosure Programmes (VDP) announced last year by the South African Revenue Service (SARS) and the South African Reserve Bank (SARB) is quickly running out for taxpayers and forex transgressors , says global audit, tax and advisory firm Mazars. The deadline for applications for both the tax and exchange control VDPs is 31 October 2011.
Friday, 17 June 2011 09:24
Nuts and bolts of the proposed youth subsidy
The infamous wage subsidy has made a reappearance in the February 2011 Budget as the youth wage subsidy, signifying intent on the part of the government to introduce it. In the face of some strong opposition, why is this scheme back in focus, and how is the government expected to be implementing it?
Wednesday, 15 June 2011 07:53
When will an expatriate be considered a resident for tax purposes in SA?
Many expatriates decide, for various reasons, to return to South Africa after spending extended periods abroad. Let us briefly look at the following case study: Mr X emigrated from South Africa to a foreign country during the 1980s. He now wishes to return to South Africa. He built up a wealth of foreign assets and assures you that he will not receive income from a South African source.
Thursday, 09 June 2011 08:07
Intra-group tax relief
The Draft Taxation Laws Amendment Bill 2011 (the TLAB) was released for public comment on 2 June 2011. As expected, the majority of the tax proposals announced in the Minister of Finance’s 2011 Budget speech are contained in the TLAB, but there was also a surprise.
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