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Attacks on low- or no-interest loans to trusts continue to be refined

24 July 2017 | Tax

Low-interest or no-interest loans to trusts are again in the sights of SARS and the Treasury.

Treasury's plan to target trust gains momentum

21 July 2017 | Tax

The Draft Taxation Laws Amendments Bill, issued by National Treasury this week, includes further changes that will curb the tax-free transfer of wealth to trusts through the use of low interest or interest-free loan.

Draft tax amendment bills published for public comment

20 July 2017 | Tax

National Treasury and SARS published the 2017 Draft Taxation Laws Amendment Bill (TLAB) and the 2017 Draft Tax Administration Laws Amendmaent Bill (TALAB) on Wednesday, 19 July. The 2017 Draft Rates and Monetary Amounts and Amendment of Revenue Laws Bill (Rates Bill) was published on Budget Day. This suite of draft bills should give effect to the tax proposals announced in the Budget.

Proposed tax law change on foreign employment income exemption – Expect a lot of South Africans returning home/emigrating

20 July 2017 | Tax

The draft tax law amendments for 2017 has been published by National Treasury on 19 Jul 2017, which contains the much-anticipated details on tax treatment of South Africans performing their employment abroad.

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