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...
by Pieter van der Zwan | Apr 20, 2022 | Corporate and business tax
The reduction in South Africa’s corporate tax rate to 27% coincides with two base-broadening measures that come into effect at the same time as the reduced rate. I considered the changes to the utilisation of assessed losses in an earlier article. This article...
by Pieter van der Zwan | Mar 17, 2022 | Corporate and business tax
The reduction in the corporate tax rate to 27% triggers the effective dates for two sets of amendments made during 2021. One of these amendments relate to the utilisation of assessed losses carried forward by companies. This article provides a brief overview of the...
by Pieter van der Zwan | Feb 23, 2022 | Corporate and business tax
The National Treasury published the 2022 Budget Review on Wednesday 23 February 2022. Amongst others this document sets out the tax proposals for the year ahead. This article briefly highlights some of these proposals and announcements that affect corporate taxpayers....
