The 2017 Budget Review touched on the manner in which debt forgiveness and capitalisation of debt is treated under the Income Tax Act.
Continue readingSouth Africa: Debt settled for consideration other than cash
South Africa: Budget 2017 – Nasty surprises still coming on the tax front
The Budget Review 2017 highlights a few further tax increases that will still be implemented at a later stage.
Continue readingSouth Africa: Issues relating to Customs and Excise in the National Budget Speech 2017
There is an automatic exchange of information between tax authorities. Companies will be required to file information with SARS.
Continue readingSouth Africa: Competition Commission publishes draft pre-implementation guidelines
The Commission has invited written comments on the Draft Guidelines to be submitted by 15:30 on 17 March 2017.
Continue readingSouth Africa: National Budget Speech 2017: Important proposed changes for businesses
Tax increases were announced in the SA National Budget Speech 2017 by Pravin Gordhan, on Wednesday, 22 February 2017.
Continue readingSouth Africa: Draft Comprehensive Maritime Transport Policy for public consultation
The Department of Transport has released a draft CMTP which was approved by Cabinet on 8 February 2017 for public consultation and comment.
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