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A groundbreaking victory for contract miners, won from the soil

South Africa - April 12 2019 The Income Tax Act No 52 of 1968 (ITA) provides a special regime for taxpayers engaged in mining operations. The reasoning behind this special…

Tsangadzaome Mukumba

Anomalies arising from value-shifting rules

South Africa - February 21 2019 Essentially, the section applies where the value of the asset given in consideration for the shares issued is different from what it would have been…

Special Edition Budget Speech Alert 2019

South Africa - February 20 2019 National Treasury amended legislation governing share buy-backs and dividend stripping in 2017 and again in 2018. The specific anti-avoidance…

Gerhard Badenhorst, Louis Botha, Emil Brincker, Jerome Brink, Jessica Carr, Petr Erasmus, Dries Hoek, Mark Linington, Varusha Moodaley, Gigi Nyanin, Ben Strauss, Mareli Treurnicht

SARS rules on tax treatment of customer loyalty programmes

South Africa - November 16 2018 The South African Revenue Service (SARS) recently published Binding Private Ruling 310, which deals with the tax treatment of customer loyalty…

Ruling on customer loyalty programme

South Africa - September 28 2018 The applicant was a local company supplying goods and services in the course of trade. In order to enhance its business, the applicant proposed to…