Legislative & Policy

Provisional Financing Figures as at 31 December 2017
Treasury
Statement of the National Revenue, Expenditure and Borrowing as at 30 November 2017
Treasury
Over 2600 bilateral relationships in place for the exchange of CRS information

The Common Reporting Standard (CRS), which is the basis for the automatic annual exchange of information on offshore financial accounts to the tax authorities of the residence country of account holders. At present, over 100 jurisdictions have publicly committed to implement the CRS, with half of them having started the exchange of CRS information in September and a further 53 set to follow in 2018.

TAX Announcements

Draft IN Prohibition of deductions for certain intellectual property
South Africa list of jurisdictions without CbC CAAs
Notice R1472 GG41351 DA 185 4A2 22 December 2017

Call For Comment

Customs & Excise Act, 1964​​​​

Draft amendment of rules under section 8 – reporting of conveyances and goods ("RCG")

Next due date for comments: ​19 January 2018

Income Tax Act, 1962​

Draft Interpretation Note on the prohibition of deductions for certain intellectual property

Next due date for comments: ​30 April 2018 New!

SARS

PROFESSIONAL INSIGHT

Loan or credit advanced to a trust by a connected person

The Tax Laws Amendment Act of 2016, introduced anti-avoidance provisions to prevent estate duty and donations tax avoidance through the use of interest-free or low interest loans to a trust. These provisions, as contained in section 7C of the Income Tax Act No. 58 of 1962 (the “Income Tax Act”), are applicable to loans or credit advanced to a trust by a connected person and such loan or credit was provided before, on or after 1 March 2017.The provisions of section 7C are applicable to both...

KPMG South Africa
Guide to Fiscal Information 

Key Economies in Africa 2015/16

The Global Tax Reset: A South African perspective 

A detailed overview of the BEPS action points and it's implications on the market place  

Transformation of Tax

Something big is happening

Global Tax Reset: the changing world of tax
Global mining tax trends 2017

Helping miners position for change

About Taxation Services

Driving progress - Delivering simplicity from complexity

Why is Mastery of Tax Data More Important Than Ownership?

Tax Analytics: Insight-driven advantage

South Africans must stand together during tough times

Mid-Term Budget Policy Statement Commentary 2016

CPD Events

Tax News In The Press

Treasury Welcomes FATF Outcome of Plenary Discussion

[SA Govt] The National Treasury and the Financial Intelligence Centre (FIC) welcome the decision taken by the Financial Action Task Force (FATF) at its Plenary meeting held in Paris last week (22 to 24 February).

S.A: Beyond the 2017 Budget

Everyone has had time to digest how the R28 billion increase in the tax burden that largely falls on individuals will impact us.

True Cost of SONA - 'Parliament' Spokesperson Must Retract Misleading Statement

[DA] Newly appointed spokesperson for Parliament, Moloto Mothapo, must immediately retract the statement he issued on 26 February in which he seeks to deliberately mislead the public over the R11 million and counting spent on the 2017 State of the Nation (SONA) address.

Parliament Rejects DA's Allegations of R11 Million SONA Expenditure

[SA Govt] Parliament of the Republic of South Africa wishes to reject as selective analysis, one sided and misleading, the allegations that Parliament has spent over R11 million in organising and staging the State of the Nation Address on 9 February 2017.

Big South African Book Donation 'Held Up At Beitbridge'

[News24Wire] Thirty tons of school books collected in Bedfordview and meant for distribution to schools in Zimbabwe are stuck at Beitbridge Border Post because the state revenue authority is demanding tax, reports say.

An Open Letter to Brian Molefe

[Daily Maverick] Your appointment as a Member of Parliament is living proof that the Zuma administration does not punish corrupt conduct - it rewards it.