In South Africa, your marriage is automatically assumed to be in community of property, unless you enter into an antenuptial contract. The choice of which marriage contract to enter into […]
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Draft guide to the Employment Tax Incentive
In March 2023 SARS issued a new draft guide to the Employment Tax Incentive. It’s a lengthy 56 pages and can be downloaded from the SARS website. The employment tax […]
Developing a Multilateral Instrument to Modify Bilateral Tax Treaties
On 30 September 2022, South Africa ratified the Multilateral Instrument which will enter into force for South Africa on 1 January 2023. This will affect Africa’s bilateral tax treaties with […]
Estate Duty – part 3
This article deals with taxation related to the estate of a deceased person. This is part 3 of a series of articles related to Estate Duty and discussed the valuation […]
The DTI’s Special Economic Zones Tax Incentive Guide
The South African Government established the Industrial Development Zones (IDZs) programme in an effort to reposition itself in the world economy. The programme’s main focus was to attract foreign direct […]
NPOs, corrupt activities and the Financial Action Task Force (FATF)
Source: BEST PRACTICES – COMBATING THE ABUSE OF NON-PROFIT ORGANISATIONS (RECOMMENDATION 8) – 2015 by the FATF South Africa has an established and functioning system, including the establishment of a […]
Hybrid Equity Interest on Third-Party Shares
Source: BINDING CLASS RULING: BCR 081 dated 08 September 2022 from SARS ACT : INCOME TAX ACT 58 OF 1962, SECTIONS 8E AND 8EA This ruling determines whether a participatory […]
Withholding Tax on Royalties (WTR)
Documents referred to in this article: WTR01 – return form Withholding Tax on Royalties Declaration (WTRD) Withholding-Tax-on-Royalties-Summary-of-DTA-Rates-Africa Withholding-Tax-on-Royalties-Summary-of-DTA-Rates-Rest-of-the-World This article summarizes the detail of the Withholding Tax on Royalties. The […]
Withholding Tax on Royalties
Source: sars.gov.za Documents referred to in this article: WTR01 – return formWithholding Tax on Royalties Declaration (WTRD)Withholding-Tax-on-Royalties-Summary-of-DTA-Rates-AfricaWithholding-Tax-on-Royalties-Summary-of-DTA-Rates-Rest-of-the-World This article summarizes the detail of the Withholding Tax on Royalties. The WTR […]
Accounting Officers and Registered NPO’s
For additional information related to NPOs, please read the previously published articles on our website too. This article discussed the key obligations of NPOs and the compliance requirements of NPO […]