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Tax Alert: Renewable energy sector draft tax legislation released

On 8 July 2016, National Treasury released draft tax legislation for public comment, which aims […]

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South African climate change policy landscape

South Africa’s climate change policy landscape is rapidly evolving and can be difficult to navigate. This brief sets out the key provisions of climate change policies in South Africa and highlights the implications for business.

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Did the Minister miss a trick by not assisting first time homeowners?

In his 2011 budget, the Minister of Finance announced a favourable change in the transfer duty (“TD”) rate structure. Property buyers, and estate agents, were delighted as it was envisaged that the change would promote home ownership …

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More cash available to lower income earners

Individual taxpayers will benefit from income tax relief announced in the Budget to the tune of some R9.5 billion. This mainly takes the form of increases in rebates and inflation adjustments to tax brackets. These changes have, however, been structured to benefit lower income earners the most …

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Don’t be an April fool: consider declaring dividends prior to 1 April 2012

With the repeal of secondary tax on companies (STC) and the introduction of dividends tax being imminent, a late surprise in yesterday’s 2012 Budget Speech by Finance Minister Pravin Gordhan now introduces dividends tax at 15% instead of the initially-proposed 10% …

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Foreign resident trading in South Africa: Should you use a company or a branch of a foreign company as your investment vehicle?

The 2012 Budget proposes a decrease in the branch income tax rates from 33% to 28%, which is in line with the company income tax rate. So you may say that there is, therefore, no difference in whether you have a company or a branch in South Africa from a tax perspective …

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Why selling your house could cost you more

The property market in South Africa has been fairly flat over the past few years with investors and home owners not realising much of a return on their properties. Notwithstanding this, the 2012 Budget Speech saw an increase in the effective capital gains tax (CGT) rate for the first time since its introduction in 2001 …

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So you thought dividends are tax free? Think again…

South Africans have been slowly made used to the fact that dividends tax is to be introduced with effect from 1 April 2012. With the change from secondary tax on companies (STC) to dividends tax being imminent, a late surprise in yesterday’s 2012 Budget Speech by Finance Minister Pravin Gordhan now introduces dividends tax at 15% instead of the initially proposed 10% …

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Budget Review 2012: Financial Transaction Tax and Mark-to-Market Taxation

Financial transaction tax Brokers are exempt from securities transfer tax (STT) on shares bought as […]

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Budget 2012 Review: Tax Administration Bill and Value Added Tax

Tax Administration Bill – The Bill incorporates the common administrative elements of current tax law into a single piece of legislation and has been approved by Parliament …

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