Law must keep pace with technology

The Davis Tax Committee’s (DTC) First Interim Report on VAT focuses on a number of key challenges inherent to VAT in South Africa, and includes a substantial section on the application of VAT in the e-commerce environment. “We welcome the recommendations...

No-one ‘too big to jail’, say experts

As former Fidentia boss J Arthur Brown prepares to go to jail following his recent sentencing by the Supreme Court of Appeal, financial experts say that planned new financial regulations in South Africa will make it even more difficult for individuals to escape...

Circular reference in new tax law

The draft 2014 Taxation Laws Amendment Bill (TLAB) brings with it some important proposed changes to the formula that employers use to calculate the fringe benefit value of their contributions to employees’ defined benefit funds. The TLAB raises the possibility of...

Employment Tax Incentive under threat

The 2014 Taxation Laws Amendment Bill (TLAB) includes a proposed change that may burden companies that are taking advantage of the youth Employment Tax Incentive (ETI) with more administration. It could harm the uptake of this excellent scheme among South African...

ICT acts signed into law

President Jacob Zuma has signed into law two new acts that are relevant to the ICT industry. The Independent Communications Authority of South Africa Amendment Act, 2014 (Act No.2 of 2014) seeks to provide for more clarity on the powers and duties of the Independent...