APPLYING BEE CODES TO TRUSTS IS A BURNING CONUNDRUM – PRIYESH MODI
BEE Codes of Good Practice are at odds with preferred trust vehicles. It is an anomaly that requires urgent solution, since BEE has dominated merger and acquisition transactions in South Africa over the past decade and is likely to continue doing so.
04 February 2008
MERGERS: PLUGGING THE STC HOLE
The South African Revenue Service (SARS) has withdrawn the exemption from secondary tax on companies (STC) for amalgamation transactions, more commonly known as mergers.