24.2 C
Tuesday 20 March, 2018
The official Financial Regulation Journal of SAIFM
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Fruitless and wasteful expenditure: Tax deductible no more?

In the lead up to the Budget, the opinion was widely expressed that if the extent of fruitless and wasteful expenditure in the public sector were addressed, it could go a long way in correcting our country’s budget shortfall.

Increase in VAT rate to 15%

The Minister announced that the standard rate of VAT will increase from the current 14% to 15% with effect from 1 April 2018.

Exchange control – relaxation of prohibition to loop structures

Generally South African residents are prohibited in investing in a foreign company, which in turn invests back into South Africa. This is called a so-called loop structure.

Addressing the abuse of collateral lending arrangement provisions

A large proportion of debt agreements involve the use of collateral, more specifically the use of equity (ie listed shares) as well as listed government bonds, as security for the repayment of the debt.

OTC derivatives regulations are final and in force

On 9 February 2018, the Minister of Finance enacted into law the final version of the Regulations to the Financial Markets Act, 2012 (FMA Regulations).

The fatal flaw in our law – Posting margin for uncleared...

What is the “fatal flaw” in our law?