The relaxation of the regulation on loop structures is a welcome regulatory change.
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There are various tax implications that arise in relation to franchise arrangements and it is important to consider the tax treatment of the various types of income received and expenditure incurred by both franchisors and franchisees.
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South Africans may be attracted to the concept of an asset not subject to government regulation; however, this sentiment only holds partly true - careful consideration should be given to the exchange control regulations of South Africa.
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The CRS imposes obligations on financial institutions to exchange tax and financial information on a global level with other countries - this cross-border transfer of sensitive financial data between jurisdiction raises data privacy and protection concerns.
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Treasury steps into uncharted waters– Latest tax developments and tax relief measures for businesses struck by COVID 19
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Treasury excludes duty rebates for goods damaged, lost or stolen due to robbery and theft. Adjustments in the Employee Tax Incentive Act aim to boost youth employment and clarification on eligible employers is provided.
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To the relief of many South Africans, the 2020 budget speech has gone against the grain of many speculators who anticipated VAT, corporate and income tax increases. This update covers the proposed changes.
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Key Highlights from Minister Tito Mboweni's budget speech.
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This Tax Update covers the Commencement of Expat Tax, Final Carbon Offset Regulations, BGR: Relief in respect of Tax Treaties and Clarification on interpretation of “Group of Companies”.
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The release of Exchange Control Circular No. 18/2019 on 31 October 201 and its effect on Foreign Direct Investment dispensation.
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The introduction of the new Draft Tax Laws Amendment Bill (“DTLAB”) often proves to be a time of uncertainty, discussion and may require the restructuring of your tax affairs.
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The Cape Town Tax Court recently upheld the application of the ‘most favoured nation clause’ within the double tax agreement between South Africa and the Netherlands.
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We need to look at what constitutes a South African resident for tax purposes and what their tax liabilities in South Africa are.
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The GDPR not only applies to organisations within the European Union (”EU”) but it applies to any organisation outside of the EU if they offer goods or services to, or monitor the behaviour, of EU citizens.
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