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.
VAT treatment of foreign donor funded projects
It was announced in Budget 2019 that legislative amendments to address the current difficulties with the VAT treatment of foreign donor funded projects and the practical application thereof. On 22 July, the Draft Taxation Laws Amendment Bill, 2019, was released for public comment and contains proposed amendments in this regard.
Please find a link below to the Vax Alert that deals with this matter.
This edition: VAT treatment of foreign donor funded projects
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.
Download PDF - 356 KB
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.
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.
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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.
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.
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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.
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
