August
2010
All About Parental Plans and the New Children’s ActChapter 3 of the New Children’s Act governs both the acquisition and loss of parental responsibilities and rights not only by the parents of the children involved but also in respect of other persons.
Category:
Personal and Family
Published on:
Wednesday, 11th August 2010
Author:
Bertus Preller
Adoption in South Africa under the New Children's ActIn terms of Section 228 of the New Children's Act 38 of 2005 a child is adopted if the child is placed in the permanent care of a person in terms of a court order that has the effects contemplated in Section 242 of the Act.
Category:
Personal and Family
Published on:
Wednesday, 4th August 2010
Author:
Bertus Preller
July
2010
Tax lawThe draft bill proposes a merger of the two taxation regimes dealing with employer funded retrenchment payments and pre-retirement fund retrenchment withdrawals.
Category:
Money and Financial
Published on:
Wednesday, 21st July 2010
Author:
Ruaan van Eeden
Retrospective amendments following SARS' loss in fringe benefitWhere SARS is not satisfied with the determination of any cash equivalent under the Seventh Schedule, the High Court held that it cannot assess the employer by way of an employee's tax assessment.
Category:
Money and Financial
Published on:
Wednesday, 21st July 2010
Author:
Ruaan van Eeden
Taxation Laws Amendment BillThe draft 2010 Taxation Laws Amendment Bill (the Bill) proposes a number of swooping changes that relate to interest. First, a specific section dealing with Islamic financing is proposed to be inserted into the Income Tax Act.
Category:
Money and Financial
Published on:
Wednesday, 21st July 2010
Author:
Ide Louw
InsuranceA number of assessments have recently been raised in this industry, and a series of legislative changes have been made to ensure that no double dipping is allowed.
Category:
Money and Financial
Published on:
Wednesday, 14th July 2010
Author:
Ide Louw
Islamic FinancingIt is with great interest that the introduction of tax legislation dealing with Islamic finance has been noted in the Taxation Laws Amendment Bill, 2010 (the Bill) that was released for comment recently.
Category:
Money and Financial
Published on:
Tuesday, 13th July 2010
Author:
Emil Brincker
Restriction of cross-border interest exemptionIn terms of the Draft Taxation Laws Amendment Bill of 2010 (the Bill) this exemption has effectively been turned on its head. In essence, the blanket exemption will be deleted, and it is proposed that all foreign interest will be taxable (as a starting point).
Category:
Money and Financial
Published on:
Monday, 12th July 2010
Author:
Leon Rood
June
2010
The Protection of Personal Information BillSouth Africa is finally set to fall in line with international standards for the collection and handling of personal information with the passing, late last year, of The Protection of Personal Information Bill, 2009 (the Bill).
Category:
Money and Financial
Published on:
Monday, 14th June 2010
Author:
Brigit Rubinstein
Changes to financial instruments held as trading stockThe 2010 Taxation Laws Amendment Bill (the Draft Bill) proposes a change to the way in which financial instruments held as trading stock are to be valued.
Category:
Money and Financial
Published on:
Tuesday, 8th June 2010
Author:
Ruaanvan Eeden
Changes to the mineral and petroleum royalty regimeThe 2010 Taxation Laws Amendment Bill and Second Amendment Bill propose various changes to the imposition of royalties on mineral resources transferred on or after 1 March 2010.
Category:
Money and Financial
Published on:
Tuesday, 8th June 2010
Author:
Ruaanvan Eeden
Company car fringe benefit set to increaseDraft legislation released by Treasury proposes an increase in the taxation of company car fringe benefits from the current 2,5% to 4% of the 'determined value' of a vehicle per month.
Category:
Money and Financial
Published on:
Tuesday, 8th June 2010
Author:
Ruaanvan Eeden
Employee share schemesSince its introduction by the 2004 Revenue Laws Amendment Act, section 8C of the Income Tax Act has seen a number of amendments. It must be remembered that the section was originally designed to counter schemes through which executives receive remuneration in the form of shares.
Category:
Work and Employment
Published on:
Tuesday, 8th June 2010
Author:
Ide Louw
Changes to VAT on intra-group suppliesIt is common practice for group companies to supply goods or services to each other on loan account. An example is where a holding company (Holdco) transacts on behalf of its subsidiaries in order to secure a bulk discount.
Category:
Money and Financial
Published on:
Wednesday, 2nd June 2010
Author:
Mariette Cruywagen
Amendments to the participation exemptionCurrently the participation exemption provides local shareholders who hold 20 percent of the total equity share capital and voting rights in the foreign distributing company with an exemption of otherwise taxable foreign dividends.
Category:
Money and Financial
Published on:
Wednesday, 2nd June 2010
Author:
Leon Rood
