Legislative developments: Draft amendments to anti-dividend stripping rules released for public comment
Following an announcement in the Budget in February 2019 and as part of the annual legislative process, National Treasury, on Monday 10 June 2019, released for public comment draft amendments to the anti-avoidance rules that deal with dividend stripping.
As was announced in the Budget, it is proposed that the amendments take effect on 20 February 2019 (i.e. on Budget Day).
Please find a link below to the Tax Alert that deals with this matter.
Receive alerts directly to your mailbox.
As was announced in the Budget, it is proposed that the amendments take effect on 20 February 2019 (i.e. on Budget Day).
Download PDF - 356 KB
On Thursday, 23 May 2019 the Carbon Tax Act and Customs and Excise Amendment Act were promulgated.
Download PDF - 237 KB
In this Tax Alert, we briefly touch on the key considerations that need to be considered by taxpayers to get ready for Carbon Tax.
Download PDF - 475 KB
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.
Download PDF - 252 KB
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.
Download PDF - 260 KB
South African nationals working abroad: imminent changes to the “foreign earned income” exemption.
Download PDF - 249 KB
The Dutch Supreme Court ruling has important implications for dividends paid by South African resident companies to their Dutch shareholders.
Download PDF - 262 KB
On 14 December 2018, Government Notice No. 1372, which implements administrative penalties on CIT returns, was published in the Gazette.
Download PDF - 234 KB
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.
Download PDF - 263 KB
This alert provides clarity on the Fixed non-compliance penalties to be imposed on Corporate Income Tax ("CIT") returns.
Download PDF - 258 KB
In the 2017 legislative cycle certain amendments were made, aimed at strengthening the “anti-dividend stripping” rules. The 2018 TLAB includes proposed amendments aimed at addressing the problems that arose from the 2017 amendments.
Download PDF - 267 KB
The Taxation Laws Amendment Bill, 2018 proposes substantial amendments to the debt relief rules. The amendments, which are largely retrospective to the date on which the amendments of the 2017 legislative cycle became effective.
Download PDF - 269 KB
The Taxation Laws Amendment Bill, 2018, which was introduced in Parliament proposes certain changes to section 11(j) of the Income Tax Act.
Download PDF - 251 KB
SA’s CbC regime applies to financial years of multinational groups commencing on or after 1 January 2016. This means that the first CbCR, MF and LF returns are due to be submitted throughout the course of 2018.
Download PDF - 222 KB
The HPL on sugary beverages came into effect on 1 April 2018 and has been levied since that date. To ensure compliance with the Customs and Excise Act, all local manufacturers of sugary beverages must be registered with and obtain a licence from the South African Revenue Service (“SARS”) and must prepare and submit monthly accounts (returns).
Download PDF - 220 KB
