by sait_admin | Aug 31, 2024 | Legislative Policy & Interpretation Submissions
The SAIT International Business Tax Work Group provided feedback on the 2024 Draft Taxation Laws Amendment Bill, supporting clarifications on hyperinflationary currency translation, shareholding periods, foreign tax rebates on capital gains, and CFC income rules....
by sait_admin | Aug 31, 2024 | Legislative Policy & Interpretation Submissions
The SAIT Tax Administration and Dispute Resolution Work Group submitted comprehensive feedback on the 2024 Draft Tax Administration Laws Amendment Bill, addressing key concerns around taxpayer representation in the Tax Court, cost recovery by SARS officials, and...
by sait_admin | Aug 31, 2024 | Legislative Policy & Interpretation Submissions
The SAIT VAT Technical Work Group submitted detailed commentary on the 2024 Draft Taxation Laws Amendment Bill, focusing on proposed changes to the VAT Act. Key issues addressed include clarifying VAT treatment for services to non-resident subsidiaries, Islamic...
by sait_admin | Aug 31, 2024 | Legislative Policy & Interpretation Submissions
The SAIT Business Tax Incentives and Grants Technical Work Group submitted comments on the Draft Taxation Laws Amendment Bill, 2024, specifically regarding the proposed section 12V incentive for investments in buildings, machinery, and equipment used in producing...
by sait_admin | Aug 30, 2024 | Legislative Policy & Interpretation Submissions
The SAIT submission on the Draft Guide to Income Tax Benefits in Special Economic Zones (SEZs) supports the guide’s clarity but identifies key areas requiring correction and clarification. First, SAIT points out that the guide references the outdated name “Department...
