Tax Pulse

Tax Flash

Tax Pulse is our monthly publication for clients covering the latest developments in the tax arena.

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BDO Tax Pulse Issue 8, 2014

Date: 15 September 2014

Welcome to the 8th Issue of the BDO Tax Pulse 2014

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BDO Tax Pulse Issue 7, 2014

Date: 19 August 2014

Welcome to the 7th Issue of the BDO Tax Pulse 2014

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BDO Tax Pulse Issue 6, 2014

Date: 16 July 2014

In this edition of Tax Flash we summarise two new binding private rulings from SARS. We discuss the new inclusions in SARS' annual notice to furnish income tax returns and include our usual feature “What's new from SARS” detailing all the publications issued by SARS since our last edition.

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BDO Tax Pulse Issue 5, 2014

Date: 19 June 2014

Welcome to Tax Pulse, BDO's newsletter covering all tax related matters. Tax Pulse replaces Tax Flash – it's the same newsletter, just with a different name.

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Welcome to Tax Pulse

Date: 19 June 2014

Welcome to Tax Pulse, BDO's newsletter covering all tax related matters. Tax Pulse replaces Tax Flash – it's the same newsletter, just with a different name.

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Tax Flash - Issue 4, 2014

Date: 21 May 2014

In this edition of Tax Flash, we take a closer look at the draft Discussion Paper on Contingent Liabilities recently issued by SARS. We discuss a high court judgment dealing with remedies in circumstances where a Tax Clearance Certificate was declined. We also include our regular feature “What's new from SARS” detailing all the publications issued by SARS since our last edition.

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Tax Flash - Issue 3, 2014

Date: 11 April 2014

In this first edition of the Tax Flash for 2014 we take a closer look at a pitfall that arise in subordination agreements and the changes to the tax treatment of medical expenses applicable from 1 March 2014. We also summarise a recent Binding Private Ruling (No 159) and include our usual feature “What's new from SARS” detailing all the publications issued by SARS since our last edition.

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Tax Flash - Issue 2: Budget 2014

Date: 12 March 2014

Welcome to this special edition of Tax Flash that focusses on issues arising from 2014 Budget. Note that BDO has a web page dedicated to the 2014 Budget. To access this page, click here.

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Tax Flash - Issue 1, 2014

Date: 24 February 2014

In this first edition of the Tax Flash for 2014 we take a closer look at a pitfall that arise in subordination agreements and the changes to the tax treatment of medical expenses applicable from 1 March 2014. We also summarise a recent Binding Private Ruling (No 159) and include our usual feature “What's new from SARS” detailing all the publications issued by SARS since our last edition.

Our next edition will focus on the Budget Speech to be delivered by Finance Minister Pravin Gordhan on the 26th of February 2014.

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Tax Flash – November 2013

Date: 3 December 2013

In this final edition of Tax Flash for 2013 we take a closer look at the new transfer pricing provision (section 31 of the Income Tax Act) which has introduced much uncertainty into the tax landscape in South Africa since it became effective. We also comment on the current status of the value shifting provisions of the Eighth Schedule and include our usual feature “What's new from SARS” detailing all the publications issued by SARS in November. Read More


Tax Flash – End-October 2013

Date: 11 November 2013

On 24 October 2013 the Taxation Laws Amendment Bill 2013 (TLAB), the Tax Administration Laws Amendment Bill 2013 and the Employment Tax Incentive Bill 2013 were introduced in Parliament. Two of our articles below address certain issues from TLAB. We also touch on the new requirements in terms of section 6quin and include our usual feature ‘What's new from SARS' detailing all the publications issued by SARS in October. Read More


Tax Flash - September 2013

Date: 3 October 2013

In September the Draft Response Documents were presented to the Standing Committee on Finance (SCoF) on the 2013 Draft Taxation Laws Amendment Bill and the Tax Administration Laws Amendment Bill. Cabinet also approved the publication of the Draft Employment Tax Incentive Bill for public comment. Both draft documents are discussed below. We revisit VAT on imported services and include our usual feature 'What's new from SARS' detailing all the publications issued by SARS in September. Read More


Tax Flash - August 2013

Date: 2 September 2013

In this month's edition we discuss section 7B of the Income Tax Act and a recent Binding Private Ruling dealing with residency. We also discuss an issue that has been encountered when dealing with the new Swazi VAT regime. Our regular feature 'What's new from SARS' details the most important August publications issued by SARS. Read More


Tax Flash - July 2013

Date: 1 August 2013

The most significant tax event during the month of July was the publication of the 2013 taxation bills, the Draft Taxation Laws Amendment Bill ('TLAB') and the Draft Tax Administration Laws Amendment Bill ('TALAB'). This month's Tax Flash focuses on issues related to these bills. We also include our regular feature 'What's new from SARS'. Read More


Tax Flash - June 2013

Date: 5 July 2013

This month's Tax Flash emphasises the importance of 'place of effective management' and the importance of Binding Private Ruling 148 for determining 'effectively connected with such permanent establishment, for dividends withholding taxes imposed by a DTA. Read More


Tax Flash - May 2013

Date: 4 June 2013

Last month's Tax Flash focused on the proposals released by National Treasury to restrict the deductibility of interest. The most significant tax development in May was the news of a revised double tax agreement between South Africa and Mauritius. This is discussed in detail in the article below. This month's Tax Flash also emphasises the need for all tax practitioners to be registered by 1 July 2013 and the importance of Binding Private Ruling 143 for determining an ‘equity share' for purposes of the corporate restructuring rules Read More


Tax Flash - April 2013

Date: 3 May 2013

On 29 April 2013, the National Treasury and SARS jointly released information on proposals to restrict the deductibility of interest under certain circumstances. These proposals are roughly alighted with those outlined in the 2013 Budget. Read More


Tax Flash - March 2013

Date: 31 March 2013

Last month's Tax Flash focused on Budget related issues and so this issue is jam-packed with new items. Read More


Tax Flash February 2013 - Budget Edition

Date: 1 March 2013

This issue of Tax Flash centers around the 2013 Budget. BDO has a web page dedicated to the 2013 Budget. Click here to visit it. Read More


Tax Flash - January 2013

Date: 1 January 2013

We wish all our readers a happy and prosperous 2013! It is clear that tax does not take a break over the festive season judging from the tax legislation, binding rulings and regulations promulgated or issued during the latter part of 2012.

Most significant during this period was the promulgation of the Tax Administration Laws Amendment Act (Act No 21 of 2012) on 20 December 2012. Note however that the Taxation Laws Amendment Bill of 2012 is yet to be enacted.

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Tax Flash - February 2009

Tax Flash is BDO Spencer Steward's monthly tax update for clients. Read More


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