by Pieter van der Zwan | Nov 22, 2020 | Amendments
The National Treasury recently published a number of bills that contain the amendments to the tax laws for the 2020 legislative cycle. This article reviews a selection of amendments that are likely to be of broad relevance to taxpayers and advisors. It is not intended...
by Pieter van der Zwan | Oct 1, 2020 | Corporate and business tax, Individuals and wealth planning
Asset-for-share transactions qualify for relief under the corporate rule in section 42 of the Income Tax Act (‘the ITA’). In the course of advising on these transactions or reviewing transactions proposed to taxpayers, I realised that taxpayers are often not aware of...
by Pieter van der Zwan | Sep 15, 2020 | General tax matters
Income tax legislation and accounting standards generally operate independently. Despite the fact that both ultimately aim to determine a measure of profitability, each has its own definitions and methodology to achieve a specific purpose. There have always been clear...
by Pieter van der Zwan | Aug 4, 2020 | Corporate and business tax
Taxpayers are generally only entitled to deduct expenses in determining their taxable income when they actually incur the expenditure. Section 24C of the Income Tax Act provides an exception to this rule. This article provides a brief overview of the provision and...
by Pieter van der Zwan | Jul 14, 2020 | Corporate and business tax
In the current business conditions lenders increasingly face the prospect of not being able to fully recover debts. These debts may include trade debts, for example, trade receivables, but also longer-term debts. This article provides an overview of the relevant tax...
