A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis of and comment on new laws and judicial decisions of interest, Synopsis helps executives to identify developments and trends in tax law and revenue practice that may affect their business.
A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis of and comment on new laws and judicial decisions of interest, Synopsis helps executives to identify developments and trends in tax law and revenue practice that may affect their business.
A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.
Over the past five years the adoption of a contextual approach to the interpretation of words used in documents, including statutes, has resulted in decisions that are more consistent and better understood.
In managing exposure to capital gains tax (CGT), one of the mechanisms that may be used is the preference share. In appropriate circumstances, ownership of preference shares may confer the benefit of control over a company’s affairs without necessarily attracting significant value.
It is critical that a person who wishes to institute litigation against SARS be aware of the requirements to notify SARS at the time and place or places prescribed in the Tax Administration Act (TAA), as a taxpayer recently found to his great cost.
In the September 2016 edition of Synopsis we commented on a judgment of the Tax Court in the Eastern Cape in which it was held that an industrial incentive known as the productive assets allowance (PAA), paid to a motor manufacturer, was a receipt or accrual of a revenue nature and taxable.
A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally.
The Tax Administration Act prescribes procedures regulating the conduct of disputes between taxpayers and SARS in relation to assessments made by SARS.
The double taxation agreement between the Netherlands and South Africa ('the SA-Netherlands DTA') expressly provides for a minimum rate of 5 per cent on dividends paid by Dutch resident companies to South African residents (and vice versa).
Sonja Nel
Associate Director, PwC South Africa
Tel: +27 (0)11 797 4207
Email
