A SOLAR-POWERED LIGHT AT THE END OF THE TUNNEL? – ANERIA BOUWER
The current, ongoing electricity crisis prompted many South Africans to invest at great cost in stand-by means of power supply, such as generators. For example, according to media reports, FNB is spending approximately R88 million to expand its current network of generators.
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10 March 2008
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NO SURPRISES IN THE 2008 BUDGET SPEECH - BARRY GARVEN
The income tax rates for South African corporates will be reduced from 29% to 28%. This was one of the key announcements made by Trevor Manual, the Minister of Finance, in his 2008 budget speech.
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26 February 2008
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BUDGET PREDICTION - BARRY GARVEN
I think one can safely say that taxpayers should not expect major tax changes in this year’s Budget.
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19 February 2008
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ANN PRATT CASE - NEW PRECEDENT ON EXCHANGE CONTROL COMPLIANCE
The application of exchange control restrictions to the transfer of intellectual property “(IP”) and shares to a non-resident was considered in the decision in Couve and Another v Reddot International (Pty) Ltd and others 2004 (6) SA 425 (W). It was held that the transfer of such assets to a non-resident without the approval by the Exchange Control Department (“Exchange Control”) of the Reserve Bank was void.
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04 September 2007
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SOUTH AFRICAN WITHHOLDING TAX
One of the questions frequently asked by foreigners who want to do business in South Africa is whether South Africa imposes withholding taxes on payments made to non-residents.
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18 July 2007
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MEDICAL NEGLIGENCE
The Full Bench of the High Court (Cape of Good Hope Provincial Division) on 2 March 2007 reinforced causation as part of the onus which a plaintiff relying on lack of informed consent is required to discharge on a balance of probabilities.
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13 April 2007
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NEW TAX DEDUCTIONS FOR SCIENTIFIC/TECHNOLOGICAL RESEARCH AND DEVELOPMENT (“R&D”)
As at 30 January 2007, Section 11B(2)(b) of the Income Tax Act allows a taxpayer to deduct 100% of expenditure actually incurred for the R&D expenditure and certain other specified expenses relating to intellectual property (“IP”). Furthermore, taxpayers can currently depreciate the cost of buildings, machinery or plant, utensils and articles used for the purpose of R&D over 4 years at the rate of 40:20:20:20.
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05 March 2007
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SOUTH AFRICA: A FAVORABLE ENVIRONMENT FOR INGO TAX RELIEF
International non-governmental organizations (“INGOs”) have become increasingly influential in world affairs, and make a vital financial contribution to the survival of many residents in developing countries.
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18 August 2006
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WILL GREEN TAXES BE INTRODUCED IN THE NEAR FUTURE
Surprisingly, the National Treasury’s recent discussion document on “:Market-based Instruments to Support Environmental Fiscal Reform In South Africa” has not been widely discussed following its release in April this year.
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19 May 2006
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TAXATION OF NON-TAXATION OF NON-SOUTH AFRICAN RESIDENT ENTERTAINERS AND SPORTSPERSONS
The fledgling South African entertainment industry has the potential to expand and develop into a significant contributing factor in the South African economy.
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15 May 2006
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