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introduce measures to increase tax revenues, and previously announced increases amounting to R40 billion will also be withdrawn.
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Tax, VAT, customs and trade alerts
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 this alert:
VAT treatment of foreign entities with branches in South Africa
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.
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VAT treatment of foreign entities with branches in South Africa
Previous editions: Tax, VAT, customs and trade alerts
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Tax Alert - Important amendments to the Tax Administration Act, 2011
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.
Download PDF - 164 KB
Tax Alert - Value-added tax: the treatment of prepaid vouchers
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.
Download PDF - 169 KB
Tax Alert - Functional link required between costs incurred and taxable supplies
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.
Download PDF - 222 KB
Tax Alert - Loop structures: Tax and Exchange Control developments
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
Download PDF - 310 KB
Tax Alert - COVID-19: the impact of the pandemic on transfer pricing
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.
Download PDF - 221 KB
Tax Alert - The African Continental Free Trade Agreement
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.
Download PDF - 216 KB
Tax Alert - Expiry of withholding tax declarations and undertakings
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.
Download PDF - 75 KB
Tax Alert - COVID19 Tax Alert re foreign remuneration exemption
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.
Download PDF - 107 KB
Tax Alert - Unbundling transactions: Revised proposals presented in Parliament
Revised proposed amendments to section 46 of the Income Tax Act, 1962 presented by National Treasury and SARS to Parliamentās Standing Committee on Finance.
Download PDF - 307 KB
Tax Alert - Mining Tax: Postponement of proposed legislative changes
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.
Download PDF - 332 KB
Tax Alert - Customs Valuations
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).
Download PDF - 188 KB
Tax Alert - Carbon Tax 2020 filing season
The purpose of this Alert is to discuss Carbon Tax Filing Season commencing on Thursday, 1 October 2020.
Download PDF - 200 KB
Tax Alert - Passing of COVID-19 Tax Relief Bills by the National Assembly
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.
Download PDF - 380 KB
Tax Alert - African Continental Free Trade Agreement
This alert discusses theĀ African Continental Free Trade Agreement(āAFCFTAā) set to come into effect on 1 January 2021.
Download PDF - 161 KB
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