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Corporate Tax News
7 Essential Tax Strategies for Small Business Succ...
- 06 August 2024
- Corporate Tax
Essential tax strategies for small business owners, emphasising the importance of tax risk managemen...
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Reliance on an Opinion to Mitigate Understatement...
- 05 August 2024
- Corporate Tax
One of the most daunting questions for a taxpayer who is issued with an understatement penalty asses...
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Voluntary Disclosure Programme - Voluntary or Not?
- 02 August 2024
- Corporate Tax
Two of the fundamental requirements to access the VDP are that the disclosure must be voluntary and...
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Three Wishes for Small Business Tax Incentives
- 24 July 2024
- Corporate Tax
The importance of the small business sector in the South African economy is well documented. Small b...
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A Collective Sigh of Relief After Coronation Case
- 24 June 2024
- Corporate Tax
Ruling on multimillion-rand tax debt brings an end to anxiety and uncertainty in the market.
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Compliance is the New Tax Currency
- 19 April 2024
- Corporate Tax
The Commissioner for SARS is in the process of tightening up tax compliance with a view of breaching...
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At it again: Capital v revenue
- 14 September 2023
- Corporate Tax
At it again: Capital v revenue
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[FAQ] Small Business Corporation
- 25 July 2023
- Corporate Tax
[FAQ] Small Business Corporation
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A more equitable outcome for unbundling transactio...
- 22 March 2023
- Corporate Tax
A more equitable outcome for unbundling transactions
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Fine-tuning the debt forgiveness rules for dormant...
- 22 March 2023
- Corporate Tax
Fine-tuning the debt forgiveness rules for dormant group companies
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Intra-group loans: Tax complexities
- 16 February 2023
- Corporate Tax
Intra-group loans: Tax complexities
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BINDING PRIVATE RULING: BPR 388 - Application of t...
- 03 February 2023
- Corporate Tax
BPR 388 - Application of the de-grouping rule following previous intra-group transactions under sect...
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Determination of the Taxable Income of Certain Per...
- 03 February 2023
- Corporate Tax
Determination of the Taxable Income of Certain Persons from International Transactions: Intra-Group...
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Application of the de-grouping rule following prev...
- 16 January 2023
- Corporate Tax
Application of the de-grouping rule following previous intra-group transactions under section 45
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Check your mirrors: Sticking to original grounds o...
- 15 November 2022
- Corporate Tax
Check your mirrors: Sticking to original grounds of objection in SCA tax appeal proceedings
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Another year, another amendment: Timing matters wh...
- 21 September 2022
- Corporate Tax
Another year, another amendment: Timing matters when tax legislation changes
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Proposals to increase the carbon tax rate from 202...
- 13 September 2022
- Corporate Tax
Proposals to increase the carbon tax rate from 2023 – 2030: The only way to reduce carbon emissions?
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Employer Interim Reconciliation Filing Season
- 13 September 2022
- Corporate Tax
Employer Interim Reconciliation Filing Season
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Corporate Income Tax (CIT): Removal of the Supplem...
- 30 August 2022
- Corporate Tax
Corporate Income Tax (CIT): Removal Of The Supplementary Declaration for Companies or Close Corporat...
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e@syFile version 7.2.6 (including 7.2.5)
- 20 May 2022
- Corporate Tax
e@syFile version 7.2.6 (including 7.2.5)
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The revenue (as opposed to capital) nature of ‘oth...
- 11 April 2022
- Corporate Tax
Oftentimes, when taxpayers secure funding for capital projects, such funding attracts interest as we...
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[FAQ] Fees paid to a business rescue practitioner
- 08 July 2021
- Corporate Tax
Are the fees paid to a business rescue practitioner tax deductible?
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[FAQ] Tax consequences of loans between group comp...
- 21 June 2021
- Corporate Tax
What are the tax consequences for both Company A and Company B if Company A either capitalizes the l...
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[FAQ] Income tax deduction with regards to bursari...
- 20 May 2021
- Corporate Tax
A large corporation wishes to make bursaries available to its staff. They have been approached by a...
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[FAQ] Connected persons and the waiver of loans
- 28 April 2021
- Corporate Tax
Two companies with loan accounts between them are connected persons. The one company liquidated duri...
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[FAQ] Withholding tax calculation for foreign spor...
- 21 April 2021
- Corporate Tax
Foreign sportspersons are managed by a company in the Netherlands who invoices a South African compa...
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[FAQ] The term “consultant” when assessing the S12...
- 16 April 2021
- Corporate Tax
Company C has two sources of income streams – one does recruitment of candidates for the placement a...
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[FAQ] The issue of shares as payment for debt
- 05 March 2021
- Corporate Tax
South African Company A paid a supplier for goods delivered directly to Company B(based in Singapore...
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[FAQ] The deduction of expenses incurred when taki...
- 01 February 2021
- Corporate Tax
A taxpayer wants to take her staff and their families away for a few days as a team building/thank y...
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[FAQ] Shares held as trading stock
- 01 December 2020
- Corporate Tax
A company trades in shares. How will the share value gain be accounted for tax purposes? Would the s...
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Notice by SARS where financials were prepared for...
- 16 November 2020
- Corporate Tax
A new company prepared annual financial statements for 15 months which included the 3 months of its...
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BCR 075 - Settlement of post-retirement medical a...
- 13 November 2020
- Corporate Tax
This ruling determines the tax consequences for the employers and the qualifying employees due to th...
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Relevance of accounting standards to South Africa...
- 16 September 2020
- Corporate Tax
This article considers the relevance of the accounting treatment of transactions for South African t...
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BPR 353 – Linear adjustment of gross sales of unre...
- 14 September 2020
- Corporate Tax
This ruling determines that a linear adjustment may be made to adjust gross sales of an unrefined mi...
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Estimating the tax effects of the sale of a busine...
- 27 May 2020
- Corporate Tax
Tax practitioners are often asked to calculate the indicative effects of the prospective sale of a b...
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Managing exchange of information requests in trans...
- 05 May 2020
- Corporate Tax
Requests for information between tax authorities and requests for taxpayers to supply the informatio...
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Covid-19: How to manage 'place of effective manage...
- 06 May 2020
- Corporate Tax
Covid-19 is only anticipated to peak in South Africa (SA) in September 2020, with international air...
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Employment Revival Guide – Alert Level 4 Regulatio...
- 01 May 2020
- Corporate Tax
Alert Level 4 of the lockdown is geared toward the revival of economic activities and to allow emplo...
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Further tax measures for businesses to combat the...
- 23 April 2020
- Corporate Tax
In line with the President’s address to the nation on 21 April 2020, the Minister of Finance provide...
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Tax and Fiscal Policy in Response to the Coronavir...
- 15 April 2020
- Corporate Tax
The OECD released its report on Tax and Fiscal Policy in Response to the Coronavirus Crisis on 15 Ap...
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COVID-19: The UIF announces important updates to T...
- 16 April 2020
- Corporate Tax
Many businesses directly or indirectly impacted by the COVID-19 pandemic, have one problem in common...
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Proposal regarding COVID-19 disaster relief funds...
- 03 April 2020
- Corporate Tax
In this article the proposal regarding donations made to COVID-19 disaster relief funds is briefly d...
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GUIDELINES FOR APPLICATION: DEBT RELIEF FINANCE SC...
- 28 March 2020
- Corporate Tax
For Small Businesses in need of financial support during this difficult time, refer to the Debt Reli...
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Case Law: Telkom SA SOC Limited vs The Commissione...
- 25 March 2020
- Corporate Tax
A judgment handed down on March 25 by the Supreme Court of Appeal (SCA) held that a R3.9 billion for...
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Covid-19 and Tax
- 25 March 2020
- Corporate Tax
Monday 23 March 2020 will be remembered in the history books as the day that South Africa declared w...
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Comparable Tax Exemption (Section 9D(2A))
- 23 March 2020
- Corporate Tax
This amendment determines that the comparable tax exemption threshold be reduced to 67.5%.
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Value-Shifting Rules (Section 24BA and Section 40C...
- 18 March 2020
- Corporate Tax
Anti-avoidance principles preventing the transfer of high value assets to a company in return for lo...
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Enhancements to the ITR14 Company Income Tax Retur...
- 21 February 2020
- Corporate Tax
On 21 February 2020, SARS implemented enhancements to the ITR14 Company Income Tax Return.
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Discussion paper on reviewing the tax treatment o...
- 26 February 2020
- Corporate Tax
Reviewing the Tax Treatment of Excessive Debt Financing, Interest Deductions and Other Financial Pay...
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Interpretation Note 44 (Issue 3) – Public Benefit...
- 21 February 2020
- Corporate Tax
This Interpretation Note provides guidance on the application and interpretation of paragraph 63A wh...
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SARS Guide on Venture Capital Companies
- 18 February 2020
- Corporate Tax
This guide provides users with general guidance on venture capital companies and investments in such...
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Draft Documents for Public Comment: Draft Binding...
- 13 February 2020
- Corporate Tax
The draft BGR provides clarity on what constitutes an unbundling transaction under section 46(1) of...
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OECD releases Transfer Pricing Guidance on Financi...
- 11 February 2020
- Corporate Tax
The OECD released the report "Transfer Pricing Guidance on Financial Transactions: Inclusive Framewo...
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Interpretation Note 75 (Issue 3) – Exclusion of ce...
- 11 February 2020
- Corporate Tax
This Interpretation Note provides guidance on the application of the proviso to the definition of “g...
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Will trusts still be the way to go? The new sectio...
- 10 August 2016
- Corporate Tax
Authors: Emil Brincker and Louis Botha
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South Africa's first transfer pricing case?
- 16 July 2018
- Corporate Tax
Author: Jerome Brink
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Reducing the cost of transfer pricing compliance...
- 18 June 2018
- Corporate Tax
Author: Okkie Kellerman
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Global transfer pricing risk management
- 28 September 2016
- Corporate Tax
Author: Okkie Kellerman
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Treatment of transfer pricing secondary adjustmen...
- 11 April 2016
- Corporate Tax
Author: Grant Thornton South Africa
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Paragraph 51A relief deadline of 31 December 2012...
- 12 December 2012
- Corporate Tax
Posted by: SAIT Technical
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BPR 133: Transfer of a residence out of a company...
- 17 January 2013
- Corporate Tax
Posted by: SAIT Technical
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OECD’s base erosion and profit shifting action pla...
- 09 February 2016
- Corporate Tax
Author: Lisa Brunton
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Binding Private Ruling 133 (Tax Alert)
- 28 January 2013
- Corporate Tax
Posted by: SAIT Technical
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Non-submission of transfer pricing documentation i...
- 28 May 2018
- Corporate Tax
Authors: Karen Miller & Carryn Alexander
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Capital gains tax and the primary residence exemp...
- 25 April 2013
- Corporate Tax
Author: Mansoor Parker
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Receipt of Foreign Assets and the Subsequent Donat...
- 04 December 2013
- Corporate Tax
Author: BDO
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Higher price on carbon needed to effectively tack...
- 09 December 2015
- Corporate Tax
Author: OECD
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Professional tax advice vital in mitigation of pe...
- 08 December 2014
- Corporate Tax
Author: Andrew Lewis
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Could capital gains tax be increased?
- 02 February 2015
- Corporate Tax
Author: Ingé Lamprecht
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Could capital gains tax be increased?
- 02 February 2015
- Corporate Tax
Author: Ingé Lamprecht
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Higher price on carbon needed to effectively tackl...
- 09 December 2015
- Corporate Tax
Author: OECD
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Additional taxes are in the pipeline
- 04 February 2015
- Corporate Tax
Author: Wiseman Khuzwayo
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Matthew Lester unpacks wealth taxes in light of th...
- 04 March 2015
- Corporate Tax
Author: Matthew Lester
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Tax treaties: OECD releases latest MAP statistics
- 24 November 2015
- Corporate Tax
Author: OECD
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Feedback from National Treasury workshop: Cross-is...
- 05 February 2015
- Corporate Tax
Author: Lesedi Seforo
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The implementation of BEPS - how it may all come...
- 20 November 2015
- Corporate Tax
Author: Esther Geldenhuys
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New rules for cancellation of contracts
- 28 July 2015
- Corporate Tax
Authors: Denny da Silva and Elandre Brandt
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Scope of capital gains tax liability broadened
- 18 August 2015
- Corporate Tax
Authors: Gigi Nyanin and Nicole Paulsen
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Market value of shares on valuation date
- 05 October 2015
- Corporate Tax
Author: Heinrich Louw
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Determining the CGT base cost of shares in a priva...
- 02 November 2015
- Corporate Tax
Author: PwC South Africa
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Widening the scope of Capital Gains Tax liability
- 17 November 2015
- Corporate Tax
Author: Donatella Callaway
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A win against SARS: late delivery of SARS’s rule 3...
- 01 December 2017
- Corporate Tax
Author: Mareli Treurnicht
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Commercial property: three ways to save tax
- 13 June 2016
- Corporate Tax
Author: Ben Strauss
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Exempt dividends treated as income or proceeds fo...
- 18 September 2017
- Corporate Tax
Authors: Craig Miller and Joon Chong
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Closing window for tax and exchange control relief
- 16 October 2017
- Corporate Tax
Author: Scott Salusbury
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SARS issues binding class ruling regarding unbundl...
- 21 June 2019
- Corporate Tax
Authors: Tsanga Mukumba and Louis Botha
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Proposed amendments to clarify income tax treatme...
- 04 June 2019
- Corporate Tax
Authors: Robert Gad, Megan McCormack and others
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Tax exemption is not a formality – the Tax Court...
- 03 June 2019
- Corporate Tax
Authors: Louis Botha and Louis Kotze
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Proposed amendments to clarify income tax treatmen...
- 19 December 2019
- Corporate Tax
Authors: Robert Gad , Megan Mccormack And Jo-Paula Roman
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Controlled foreign company comparable tax thresho...
- 19 December 2019
- Corporate Tax
Author: Tsangadzaome Mukumba
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A creature of statute: A decision about the Tax C...
- 19 December 2019
- Corporate Tax
Authors: Louis Botha and Louis Kotze
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Unintended consequences of the new CFC rules
- 06 May 2020
- Corporate Tax
Author: Judith Becker
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New tax change taxes dividends in a collective in...
- 19 December 2019
- Corporate Tax
Author: Magda Snyckers
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Carbon Tax Bill: finalisation & voting; Financial...
- 19 December 2019
- Corporate Tax
Author: Parliamentary Monitoring Group
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Win for the employer: Judgment on the Employment T...
- 19 December 2019
- Corporate Tax
Authors: Louis Botha and Louis Kotze
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Important judgment for taxpayers regarding the va...
- 19 December 2019
- Corporate Tax
Author: Jerome Brink
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Disallowance of the utilisation of an assessed los...
- 19 December 2019
- Corporate Tax
Author: Gigi Nyanin
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No capital gains tax? Ruling on the disposal of p...
- 19 December 2019
- Corporate Tax
Author: Louis Botha
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No tax deduction for damages paid for deliberate b...
- 19 December 2019
- Corporate Tax
Authors: Ben Strauss and Jerome Brink
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Exchange Control: Recent amendments to the Currenc...
- 19 December 2019
- Corporate Tax
Author: Louis Botha
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Corporate reorganisations: the dividend stripping...
- 27 May 2021
- Corporate Tax
Authors: Nicolette Smit and Stephan Minne
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Crossing borders: The not-so-golden loop structur...
- 06 May 2020
- Corporate Tax
Author: Louis Botha
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Accrual of amount on cession of right to dividends
- 06 May 2020
- Corporate Tax
Author: Ben Strauss
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A re-prioritising of sorts - between the anti-avo...
- 19 December 2019
- Corporate Tax
Author: Louis Botha
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A long-awaited guide on venture capital companies...
- 19 December 2019
- Corporate Tax
Author: Gigi Nyanin
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Controlled foreign companies: look before you leap
- 27 May 2021
- Corporate Tax
Authors: Carmen Gers and Simone Krupanandham S
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The capital v revenue question in the context of...
- 19 December 2019
- Corporate Tax
Authors: Louis Botha and Louise Kotze
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Carbon Tax Bill: Treasury response to submissions
- 19 December 2019
- Corporate Tax
Author: Parliamentary Monitoring Group
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Efficient or inept? South Africa’s corporate incom...
- 19 December 2019
- Corporate Tax
Author: Candice Gibson
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SARS issues binding class ruling regarding unbund...
- 06 May 2020
- Corporate Tax
Friday, 21 June 2019 Authors: Tsanga Mukumba and Louis Botha (Cliffe Dekker Hofmeyr) Important:...
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