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.
On 31 July, 2020, National Treasury released the Draft Taxation Laws Amendment Bill, 2020 (‘the DTLAB’) for public comment. One of the significant amendments proposed by the DTLAB is to section 46 of the Income Tax Act, 1962, which deals with unbundling transactions.
The proposed amendment would, if enacted as per the DTLAB, have had a significant impact on the viability of unbundling transactions, particularly in a listed context.
On 13 October, following the public comment process during which the proposed amendment was considered and discussed, National Treasury and SARS presented to Parliament’s Standing Committee on Finance a Draft Response Document on the DTLAB.
Please find below the link to the alert that deals with the above mentioned matter.
Regular readers of our Tax Alerts will recall that, on 31 July, 2020, National Treasury released the Draft Taxation Laws Amendment Bill, 2020 (‘the DTLAB’) 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 Organisation’s General Agreement on Tariff and Trade (‘GATT’).
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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 employees’ 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 the African Continental Free Trade Agreement(“AFCFTA”) set to come into effect on 1 January 2021.
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The Draft Taxation Laws Amendment Bill, 2020, includes proposed amendments that, if enacted, will have a significant impact on the mining industry.
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This alert discusses the proposed amendments to paragraphs (j) and (jA) of section 11 of the Income Tax Act, 1962 in the Draft Taxation Laws Amendment Bill, 2020.
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The purpose of this Alert is to provide a high level overview of the proposed amendments, which are proposed to take effect on 1 January 2021.
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Following a media release relating to the 2020 filing season on 25 June 2020, SARS issued Notice No. 741 in terms of which taxpayers are notified to submit their tax returns for the 2020 year of assessment.
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This Alert is to provide a brief overview of the most important changes to IN47 from the previous version.
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On Wednesday 24 June, the Minister of Finance, introduced the final Disaster Management Tax Relief Bill, 2020, and Disaster Management Tax Relief Administration Bill, 2020.
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In ABC (Pty) Ltd v CSARS (VAT 1626) [2020] SARSTC, the Tax Court upheld an appeal by a vendor to apply direct attribution.
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The South African Revenue Service published a notice in the Government Gazette to the effect that the Disaster Management Tax Relief Administration Bill, 2020, will be introduced in Parliament on 24 June.
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Although the 2020 tax filing season dates are yet to be formally gazetted, the South African Revenue Service (‘SARS’) has informally published these dates on its website.
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This Alert explores certain legal aspects of force majeure and section 129(7) of the Companies Act in the context of the global COVID-19 pandemic.
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