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Thu 21 Oct, 2021
The official Financial Regulation Journal of SAIFM
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Another ruling on share schemes, but questions remain

The South African Revenue Service (SARS) published Binding Private Ruling 290 (Ruling) on 24 January 2018.

Is it possible that in 2018 your debts may be written...

On 24 November 2017, the Portfolio Committee on Trade and Industry published the draft National Credit Amendment Bill, 2018 for public comment.

Residential property developers face cash flow crunch due to VAT on...

Many residential property developers will kick off 2018 with a major cash flow challenge as a result of a substantial value added tax (VAT) liability which they may face in respect of the temporary letting of residential units which have been developed for resale.

Twin peaks (Financial Sector Regulation Act) moves forward: Transitional arrangements

Just before the holidays, on 18 December 2017, National Treasury published the draft regulations to the Financial Sector Regulation Act, 2017 (FSR Act) for public comment.

More time to comment: The Securities Financing Code of Conduct

The Registrar of Securities Services has proposed a new code of conduct which participants in the securities financing market (Code of Conduct) will need to adhere to in future.

Deductibility of legal expenses

For purposes of determining the taxable income derived by any person from carrying on a trade, s11(c) of the Income Tax Act, No. 58 of 1962 (Act) provides for the deduction of legal expenses which arise in the course of or by reason of a taxpayer’s ordinary trading operations.