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South Africa - August 20 2010
SARS issued correspondence on 4 August 2010 relating to the application for exemption from transfer duty in terms of Section 9(15) of the Transfer Duty Act 40 of 1949 (Transfer Duty Act) and SARS's request for security.
South Africa - July 30 2010
In its recently issued VAT News 36, SARS notes that, as a result of the draft legislation released on 10 June 2010 (which provides that a nil value will apply for any 2010 FIFA World CupTM-related items such as T-shirts, soccer jerseys and match tickets obtained by the employer for the benefit of its employees), the employers, as VAT vendors, will not be required to declare output tax on such items provided to employees.
South Africa - July 18 2010
The Exchange Control Department of the South African Reserve Bank (SARB) is once again offering an opportunity to South African residents to regularise their exchange control affairs.
South Africa - July 10 2010
Taxpayers will have until 30 September 2010 to transfer a primary residence from a company or trust under current rules without having to liquidate, wind up or deregister the company or trust in terms of proposed new income tax rules.
South Africa - July 2 2010
The international transfer of South African intellectual property has become a hotly debated - and keenly litigated - topic in the last few years.
