Finance Minister Malusi Gigaba delivered his Budget Speech today. Members of our Tax Practice have identified the following highlights.
Continue readingSouth Africa: Budget 2018 – Important proposed changes for businesses
South Africa: Anticipated VAT shocks: another blow to an already bruised taxpayer
If the VAT zero-rating on fuel is removed, the cost of petrol and diesel would rise by 14%. Consumers would be hit hard.
Continue readingSouth Africa: Apprehension around National Health Insurance
NHI was first proposed in 2011. The objectives include providing improved access to quality health services for all, employed or unemployed.
Continue readingSouth Africa: Increasing the income tax rate may reduce tax collections
Increasing the individual tax rates for the 2018 financial year in South Africa may well add to the budget deficit in years to come.
Continue readingSouth Africa: Public Private Partnerships’ potential for Africa
To mitigate the risk of this, public entities should avoid divorcing themselves entirely from the management or regulation of the PPP project
Continue readingSouth Africa: New International Arbitration Act now in force
The new Act regulates international arbitration proceedings in South Africa and the enforcement of foreign arbitral awards locally.
Continue reading