The Budget 2023 sets out the National Treasury’s proposals for tax amendments in the 2023 legislative cycle. This article...
Budget 2023: Tax proposals
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Individuals and wealth planning
What is your South African tax residence status?
Many South Africans leave the country. Some do so permanently, while others temporarily work and gain experience abroad. These...
The mechanics of asset-for-share transactions
Asset-for-share transactions qualify for relief under the corporate rule in section 42 of the Income Tax Act (‘the ITA’). In the...
Broadened anti-dividend stripping tax rules
The National Treasury announced in the 2019 Budget Review that the anti-dividend stripping rules will be amended to apply to...
The amended foreign employment income exemption
Since 2000, when South Africa changed from a source-based to a residence-based tax system, South African residents earning...
Changes to venture capital company tax regime
The South African National Treasury introduced the venture capital company (VCC) regime in section 12J of the Income Tax Act in...