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.
Carbon Tax: Licensing commenced on 2 January 2020
On 23 December 2019, the Rules to the Customs and Excise Act, 1964, were amended by the insertion of rules 54FD (“the new rules”) by way of publication in the Government Gazette. This alert discussed the insertion of these rules.
Please find a link below to the Tax Alert that deals with this matter.
This edition: Carbon Tax: Licensing commenced on 2 January 2020
The 2019 Taxation Laws Amendment Bill, provides for the tax treatment of foreign reinsurers that conduct reinsurance business through a branch in South Africa
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Within the insurance industry, there has been some concern over the inconsistent application of deferred revenue
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On 22 July, the Draft Taxation Laws Amendment Bill, 2019, was released for public comment and contains proposed amendments VAT treatment of foreign donor funded projects.
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On Friday, 28 June 2019 the SA Revenue Service (“SARS”) issued a public notice requiring taxpayers to submit their tax returns for the 2019 year of assessment.
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On 12 June 2019, the South African Tax Court issued a judgment dealing with the issue in respect of South African dividends tax on dividends paid by a South African resident company to a Dutch resident.
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As was announced in the Budget, it is proposed that the amendments take effect on 20 February 2019 (i.e. on Budget Day).
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On Thursday, 23 May 2019 the Carbon Tax Act and Customs and Excise Amendment Act were promulgated.
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In this Tax Alert, we briefly touch on the key considerations that need to be considered by taxpayers to get ready for Carbon Tax.
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The new rules potentially impact South African tax resident individuals who are settlors and/or beneficiaries in relation to non-resident trusts that hold interests in foreign companies.
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On Tuesday, 5 February 2019, the Standing Committee on Finance adopted the Carbon Tax Bill. In addition, the draft Customs and Excise Amendment Bill will be tabled in parliament on 20 February 2019 along with the 2019 Budget.
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South African nationals working abroad: imminent changes to the “foreign earned income” exemption.
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The Dutch Supreme Court ruling has important implications for dividends paid by South African resident companies to their Dutch shareholders.
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On 14 December 2018, Government Notice No. 1372, which implements administrative penalties on CIT returns, was published in the Gazette.
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Organs of state subject to the B-BBEE Codes may not impose pre-qualification criteria in respect of tenders unless empowered by the B-BBEE Codes to do so.
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This alert provides clarity on the Fixed non-compliance penalties to be imposed on Corporate Income Tax ("CIT") returns.
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