ENSafrica provides a snapshot of the latest tax developments in South Africa.

 

Case law:

  • Supreme Court of Appeal: CSARS v The Executors of Estate Late Sidney Ellerine
  • Supreme Court of Appeal: CSARS v Danwet 202 (Pty) Ltd
  • High Court, Gauteng Division: CSARS v Huang & Other
  • Tax Court, Port Elizabeth: IT13726

Advance tax rulings:

  • Binding private ruling 301: taxation of dividends received by a borrower under a securities lending arrangement

SARS publications:

  • Guide to understatement penalties (issue 2)

International:

  • The Organisation for Economic Cooperation and Development (OECD) and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite comments on draft practice note that will help developing countries address profit shifting from their mining sectors via excessive interest deductions
  • The OECD addresses the misuse of residence/citizenship by investment schemes and the importance of the Common Reporting Standard to address these issues

Other important developments:

  • The Davis Tax Committee (DTC) concludes its work and publishes the final reports

Discover more: South Africa: Tax revenews

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Taxand's Take

Taxpayers across South Africa should take note of the updates mentioned to ensure they remain compliant.

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Article tags

International Tax | South Africa

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