Goodbye to the “loop structure” prohibition
BY NICOLETTE SMIT (First published on ENSight) In its typical form, a so-called “loop structure” arises where a South African exchange control resident (individual or company)…
BY NICOLETTE SMIT (First published on ENSight) In its typical form, a so-called “loop structure” arises where a South African exchange control resident (individual or company)…
Letter from SAICA to SARS Please find attached SAICA’s submission to SARS regarding SARS’ non-compliance with sections 42 and 96 of the TAA. SARS have…
Published by SARS Multi-national enterprises (MNEs) play important roles around the world and even more so when they invest in developing countries (like South Africa),…
Article by: Regan van Rooy This year certainly continues to be a very interesting year for tax and exchange control. This week, Tito Mboweni, SA’s finance…
By: Regan van Rooy Is establishing an international trust still worth the tax trouble? As we have previously observed, there is little love lost between…
By: Conor McFadden – First published on Lexology The Constitution of the Republic of South Africa provides that ‘[e]veryone whose rights have been adversely affected by…
Article by Carmen Gers, first published on Lexology One of the welcome announcements by the Minister of Finance in his budget speech delivered in February…
Article by: Regan van Rooy Please see below our summary of the key take-aways from draft tax legislation released by the South African National Treasury…
Article by: Regan van Rooy It is no secret that the South African Revenue Service (SARS) is suspicious of trusts, especially international ones. They are…
Summary supplied by: Ms Deone Roos (Pieterse TRM Erasmus) Download the full judgment here: Summary