Synopsis - Issue for the month of June 2015
The application by billionaire Mark Shuttleworth to obtain a refund of a levy imposed on him in order to remit funds abroad has been rejected by our courts. The Constitutional Court recently reversed the decision of the Supreme Court of Appeal in which it declared that the 10% levy imposed on emigrants who wished to transfer funds in excess of the mandated levels had not been properly enacted.
In this issue:
- State levies - tax or regulatory charge?
- Although the Tax Court is not a court of law, fundamental principles of the law of
- The finality of income tax assessments
- Explanatory note: Research & development expenditure
- SARS Watch