Publication
La Cour suprême du Canada tranche : les cadres ne pourront se syndiquer au Québec
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Mondial | Publication | Feb 22, 2017
Government will consider removing the zero-rating on fuel, subject to consultation during 2018/2019. To mitigate the effect on transport costs, government will consider combining this with either a freeze or a decrease in the fuel levy.
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.
Presently, the VAT Act does not provide clear rules on the timing and value of VAT applicable to improvements made by lessees on leasehold property. Amendments are proposed to clarify the VAT treatment of these improvements.
The definition of “resident of the Republic” will be amended to exclude foreign companies which are effectively managed in South Africa but fall below the threshold to register for VAT. This will enable other VAT vendors to zero rate their supplies to these foreign companies.
There has been some suggestion that securities or shares in a foreign company listed on the JSE constitute movable property which is situated in the foreign country. The potential implication is that services supplied directly in connection with these securities or shares could be zero-rated. Amendments will be proposed to rectify this anomaly.
The duty-free threshold on purchases of residential property will increase from R750 000
to R900 000 from 1 March 2017.
2016 / 2017 |
2017 / 2018 | ||
---|---|---|---|
Property value (R) |
Rate of tax |
Property value (R) |
|
R0 - R750 000 |
0% of property value |
R0 – R900 000 |
0% of property value |
R750 001 - R1 250 000 |
3% of property value above R750 000 |
R900 001 - R1 250 000 |
3% of property value above R900 000 |
R1 250 001 - R1 750 000 |
R15 000 + 6% of property value above R1 250 000 |
R1 250 001 - R1 750 000 |
R10 500 + 6% of property value above R1 250 000 |
R1 750 001 - R2 250 000 |
R45 000 + 8% of property value above R1 750 000 |
R1 750 001 - R2 250 000 |
R40 500 + 8% of property value above R1 750 000 |
R2 250 001 – R10 000 000 |
R85 000 + 11% of property value above R2 250 000 |
R2 250 001 - R10 000 000 |
R80 500 + 11% of property value above R2 250 000 |
R10 000 001 and above |
R937 500 + 13% of property value above R10 000 000 |
R10 000 001 and above |
R933 000 + 13% of property value above R10 000 000 |
Amendments to the Tax Administration Act relating to the marking, tracking and tracing of locally manufactured and imported tobacco products will be considered as part of the annual budget review.
The 2015 budget proposed a comprehensive review of the administration of the diesel refund to delink the diesel refund from the VAT system and create a standalone diesel refund administration system. A discussion paper outlining the options for the new administration system was published for comment on 15 February 2017. Legislative amendments will be developed following public consultation on the discussion paper.
Excise duties on –
beer, cider and alcoholic fruit beverages will increase by R7.13/litre of absolute alcohol which translates to an increase of around 12c for an average 340ml can;
spirits will increase by R13.72/litre of absolute alcohol which translates to an increase of around R4.43 for an average 750ml bottle;
fortified wine will increase by 35c/litre;
unfortified wine will increase by 30c/litre;
sparkling wine will increase by 93c/litre;
cigarettes will increase by R1.06/box of 20 cigarettes;
cigarette tobacco will increase by R1.19/50g;
pipe tobacco will increase by 80c/50g; and
cigars will increase by R6.58/23g.
Publication
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Publication
Le budget 2024 propose d’élargir la portée de certains pouvoirs permettant à l’ARC de demander des renseignements aux contribuables tout en prévoyant de nouvelles conséquences pour les contribuables contrevenants.
Publication
L'impôt minimum de remplacement (IMR) est un impôt sur le revenu additionnel prévu dans la Loi de l’impôt sur le revenu (Canada) (la « Loi ») auquel sont assujettis les particuliers et certaines fiducies qui pourraient autrement avoir recours à certaines déductions et exemptions et à certains crédits pour réduire leur impôt sur le revenu fédéral canadien régulier.
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