This first article, in a series of articles, discuss the basics of taxation of farming before delving in to more precise detail to be found in future articles. Source: SARS.GOV.ZA […]
Taxation Laws
Transparency and Beneficial Ownership – Legal Entities and Legal Arrangements
Filing of Beneficial Ownership information is required by the General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act 22 of 2022. The Act amended the Companies Act and gave […]
Exclusion of certain companies and shares from a “GROUP OF COMPANIES” as defined in Section 41(1) of the Income Tax Act
Relevant Acts:Income Tax ActThe Taxation Laws Amendment ActThe Tax Administration Laws AmendmentThe Rates and Monetary Amounts and Amendment of Revenue Laws Act Under specified circumstances, the corporate rules provide relief […]
Mining and Petroleum Royalties and Taxation
The mining industry is governed by different pieces of legislation, such as the MPRDA, MPRRA, Income Tax Act, VAT Act, Customs and Excise Act, and NEMA. The mineral royalty was […]
Renewable Energy Incentives
Renewable Energy Incentives – 2023 draft Taxation Laws Amendment Bill for public comment On 21 April 2023, the National Treasury and the South African Revenue Service (SARS) published, for public […]
Draft amendments to rules for the implementation of tobacco products related excise duties on nicotine and nicotine-substitute solutions in vaping products
Draft amendments to rules under sections 19A and 120 – for the implementation of tobacco products related excise duties on nicotine and nicotine-substitute solutions in vaping products Vaping will, down-the-line […]