by Pieter van der Zwan | Sep 21, 2022 | Corporate and business tax, Value Added Tax
There are many costs to raise funding for a business, whether debt or equity capital. These include raising fees, initiation fees, facility fees and charges relating to structuring the transaction, to mention a few. In this article, I consider a recent case that dealt...
by Pieter van der Zwan | Aug 15, 2022 | Amendments, Value Added Tax
VAT vendors can expect a number of amendments that affect specific classes of vendors in 2023. The National Treasury published the draft Taxation Laws Amendment Bill (‘TLAB’) for comment on 29 July 2022. It contains a number of proposals for amendments to the Value...
by Pieter van der Zwan | Aug 3, 2022 | Amendments, Corporate and business tax
What awaits corporate taxpayers in the 2023? The National Treasury published the draft proposals for tax amendments for the 2022 legislative cycle on 29 July 2022. These give taxpayers an indication of the changes to expect at the end of 2022 (click here for the...
by Pieter van der Zwan | Jul 19, 2022 | Value Added Tax
In Commissioner for the South African Revenue Service v Capitec Bank Limited (94/2021) [2022] ZASCA 97 (21 June 2022) the Supreme Court of Appeal ruled that Capitec Bank Limited (‘Capitec’) could not deduct input tax in respect of loan cover payouts to borrowers. This...
by Pieter van der Zwan | Jul 18, 2022 | Corporate and business tax
Managers who advise and manage the affairs of others, for example, their investments or businesses, often charge management fees for those services. This is not unusual or out of the ordinary. In a tax context, certain arrangements that are labelled as management...
