Tax Alert - Main Budget proposals. Time to take our medicine. Budget 2021
Government will not introduce measures to increase tax revenues, and previously announced increases amounting to R40 billion will also be withdrawn.
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We provide a wealth of publications by PwC South Africa providing informed commentary on current developments in the tax arena, both locally and internationally.
Through analysis and comment on new law and judicial decisions of interest, they assist business executives to identify developments and trends in tax law and revenue practice that might impact their business.
In January 2021, the High Court held that, where a local branch of a foreign entity is set up in South Africa solely to support the business of its foreign entity, the foreign entity (and not the local branch) is required to register for VAT.
Please find below the alert that deals with the above mentioned matter.
Government will not introduce measures to increase tax revenues, and previously announced increases amounting to R40 billion will also be withdrawn.
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This Alert outlines the key issues arising from these amendments, and to highlight a few of the areas which may give rise to constitutional issues in the future.
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This alert discusses the High Court judgment dispute between MTN Telephone Networks (Pty) Ltd and SARS in respect of the VAT treatment of prepaid vouchers.
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In a recent judgement of the Supreme Court of Appeal, the Court introduced the concept of the requirement of a āfunctional linkā existing between the incurral of costs and the entityās taxable activities in order to deduct input tax.
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This Alert is to provide an overview of the SARB Circular: South African resident individuals and companies - loop structures, effectingĀ the Exchange Control Rules.Ā
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This Alert highlights the transfer pricing considerations that should be top of mind for multinational corporations in the context of a potential global recession induced by the pandemic.
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The purpose of this alert is to give a brief overview the African Continental Free Trade Agreement (āAfCFTAā) which comes into effect on1 January 2021.
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This alert reminds payors of interest, royalties and dividends who rely on declarations to withhold tax at a reduced rate that their declarations have expired.
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Brief overview of a proposal by Government to reduce the number of days of absence from South Africa required in order to qualify for the foreign remuneration exemption.
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Revised proposed amendments to section 46 of the Income Tax Act, 1962 presented by National Treasury and SARS to Parliamentās Standing Committee on Finance.
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Regular readers of our Tax Alerts will recall that, on 31 July, 2020, National Treasury released the Draft Taxation Laws Amendment Bill, 2020 (āthe DTLABā) for public comment.
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The purpose of this alert is to give an overview of the customs value under the World Trade Organisationās General Agreement on Tariff and Trade (āGATTā).
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The purpose of this Alert is to discuss Carbon Tax Filing Season commencing on Thursday, 1 October 2020.
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This Alert highlights the changes, which relate to the deferral of employeesā tax payments by employers as well as the treatment of donations made to COVID-19 disaster relief organisations.
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This alert discusses theĀ African Continental Free Trade Agreement(āAFCFTAā) set to come into effect on 1 January 2021.
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