How South African dividends are taxed

Posted on 31 of October, 2016 by in Tax

Dividends received by a South African taxpayer are generally exempt from income tax. The major exemption though being dividends received from so-called REITs (these being some of the major property owing companies listed on the JSE (such as for example Redefine Properties Ltd). Dividends received from REITs are not exempt from income tax, and will […]

Impermissible exchange control “loop structures”

Many people or companies with offshore activities will be aware of the existence of exchange controls imposed by the South African Reserve Bank and monitored by its Financial Surveillance Department. Yet despite being aware of its existence, many do not appreciate what transactions are permissible and what would constitute a contravention of the exchange control regulations. […]

Belastingseisoen 2016: Sperdatum vir nie-voorlopige belastingbetalers

Posted on 18 of October, 2016 by in Tax

Heelparty van ons kliënte is nie vir voorlopige belasting geregistreer nie en daar word ook nie van hulle verwag om só geregistreer te wees nie. Hierdie nie-voorlopige  belastingbetalers behoort egter kennis te neem dat hul jaarlikse belastingopgawes (vir die 2016-jaar van aanslag wat op 29 Februarie 2016 ten einde geloop het) binnekort verskuldig is en […]

Removing directors of a company

Posted on 12 of October, 2016 by in Business

The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which has the authority to exercise all of the powers and perform any of the functions of the company, except to the extent that the Companies Act or the company’s […]