In line with SARS’ strategic objective of providing clarity and certainty through instruments such as advance rulings, government also proposes to introduce a legislative framework to empower SARS to conclude bilateral advance pricing agreements.
Continue readingThe proposed changes mainly relate to the new two-pot retirement system
Continue reading
On 27 January 2023, the Minister of Finance, in terms of section 36 of the Pension Funds Act 1956 (PFA) and with effect from 20 February 2023, repealed Regulation 33 of the PFA.
Continue reading
Data Privacy Day, also known as Data Protection Day, is an annual international event dedicated to raising awareness about the importance of data privacy and promoting data protection best practices. In South Africa, it marks just over one and a half years since POPIA became enforceable.
Continue readingOn 17 January 2023, the South African Revenue Service (SARS) released Interpretation Note 127 (Determination of the taxable income of certain persons from international transactions: intra-group loans) (IN127). The purpose of IN127 is to provide taxpayers with guidance on the application of the arm’s length principle, in the context of intra-group loans.
Continue reading
On 20 January 2023, a proclamation was published in terms of which sections 31 and 56 of the Financial Intelligence Centre Act, 2001 (FICA) will take effect on 1 February 2023 (Proclamation).
Continue reading
