Regulations to the VAT Act are being updated to broaden the scope of electronic services rendered to South African residents which are subject to VAT. Specifically, electronic services will now include cloud computing and services using online application. The proposed regulatory changes will be published for comment this year.
February 16, 2017
A new top personal income tax bracket of 45% for taxable incomes above R1.5 million per year has been introduced.
The sugar tax, which was introduced by the budget speech 2016 will be effective as soon as the relevant legislation is approved by Parliament and signed into law by the President.
Historically, disregarded U.S. entities (such as limited liability companies) wholly-owned by foreign persons were generally not required to file any U.S. tax or information returns.
February 15, 2017
When can a state claim immunity from legal proceedings and enforcement of a judgment in courts that are not its own?
2016 was the year when energy storage came of age globally. Cost reductions, particularly in lithium-ion batteries, together with an emerging ambition by governments and regulators to design flexible, resilient future electricity systems, drove storage towards the mainstream.
February 09, 2017
Creating and enforcing laws that ensure effective environmental management in the mineral and petroleum extractive sector (the mining sector) and simultaneously avoiding over-regulation is a difficult but imperative task.
February 06, 2017
This column normally deals with some aspect of law but today will deal with all South African law.
The Tax Ombud’s office was created in 2013 by the Tax Administration Act. The mandate of the office is to review and address any complaint by a taxpayer regarding a service, procedural or administrative matter arising from the application of the provisions of a tax Act by SARS.
February 01, 2017
In September 2016, the EU General Court (GC) issued its long-awaited decision in the Lundbeck case – the first ever European judgment on the legality of reverse payment patent settlement agreements.
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