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Tue 21 May, 2019
The official Financial Regulation Journal of SAIFM
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Tax agreement between China and the Republic of Congo

The People’s Republic of China (“China”), like other countries such as France, Italy, Mauritius, has signed a Tax Agreement with the Republic of Congo (“the Congo”) to prevent double taxation and tax evasion between the two states (“the Tax Convention”) , as of September 05, 2018, on the sidelines of the China – Africa Summit.

Tax proposals 2018: Wealth planning and investments

The draft Taxation Laws Amendment Bill, published on 16 July 2018, includes a number of proposals that may impact wealth planning and investment instruments.

Practical considerations of the VAT rate increase as of 1 April...

On 21 February 2018, the Minister of Finance announced in his Budget Speech that the standard rate of VAT of 14% would be revised upwards to 15%, as of 1 April 2018, in line with Government's drive to raise additional revenue.

No wealth tax but taxing the wealthy

In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.

The finer details of asset-for-share transactions

The Income Tax Act allows for roll-over relief in certain circumstances where assets are contributed to a company in exchange for shares in that company. Binding Private Ruling 287 is a good illustration that the provisions of this roll-over relief measure requires detailed consideration before it can be concluded that it applies to a transaction.