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Improvements effected on land not owned by the taxpayer
3 October 2014 Tax & Exchange Control

Improvements effected on land not owned by the taxpayer

On 1 October 2014, the South African Revenue Service (SARS) released Binding Private Ruling 180 (Ruling) dealing with the question of whether a taxpayer, who is a party to a Public Private Partnership (PPP), would qualify for a deduction under s12N of the Income Tax Act, No 58 of 1962 (Act) in respect of improvements effected on land not owned by the taxpayer.

Shuttleworth could have 'shuttled' his monies out of South Africa without the payment of a levy
3 October 2014 Tax & Exchange Control

Shuttleworth could have 'shuttled' his monies out of South Africa without the payment of a levy

In a far reaching judgment the Supreme Court of Appeal (SCA) held on 01 October 2014 that Mark Shuttleworth could have repatriated his funds out of South Africa without the imposition of a 10% exit levy that was imposed by the South African Reserve Bank (SARB) at that stage. In particular, it was indicated that the SARB had to repay such levy together with interest at the prescribed rate from 13 April 2012 to the date of payment.

Invensys exception application fails
1 October 2014 Competition

Invensys exception application fails

On 3 September the Competition Tribunal (Tribunal) heard the exception application between Invensys Plc (Invensys), Invensys Systems (UK) Limited and Eurotherm Limited to the complaint referral brought by Protea Automation Solutions (Proprietary) Ltd (Protea) re the complaint referral between Protea, Invensys, the Invensys Group, EOH Holdings Limited and EOH Mthombo (Proprietary) Limited (fifth respondent).

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Employment Alert
23 July 2012 Employment

Employment Alert

The term 'strike season' has lost its meaning lately as reports of labour strike action appear in the press throughout the year.

Employment Alert
16 July 2012 Employment

Employment Alert

Are directors employees? This is a question that the Labour Court (Court) has had to consider on a number of occasions and it has traditionally responded that some are and some are not.

Tax Alert
13 July 2012 Tax & Exchange Control

Tax Alert

One of the welcomed aspects that is dealt with in the latest draft of the Taxation Laws Amendment Bill, 2012 (Bill) is the introduction of the long-awaited Real Estate Investment Trusts (REITs).

Trusts and Estates Alert
11 July 2012 Trusts & Estates

Trusts and Estates Alert

Marital status and the regime your marriage is subject to, is core to the law of succession and holds fundamental implications for your estate...

Employment Alert
9 July 2012 Employment

Employment Alert

On 15 June 2012, the Minister of Labour issued a revised Code of Good Practice on HIV and AIDS and the World of Work (Code).

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An agent's right to commission
2 January 2008 Dispute Resolution

An agent's right to commission

An agent will have a claim for commission on a sale agreement if he introduced the parties to one another, thereby being the effective cause of the sale.

Beware the bogeyman
6 November 2004 Black Economic Empowerment (BEE)

Beware the bogeyman

The macro-economic rationale that lies at the heart of black economic empowerment (BEE) is to address the...

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Employment tax incentives
10 March 2016 Tax & Exchange Control

Employment tax incentives

Nicole Paulsen, associate in the Tax and Exchange Control practice speaks about employment tax incentives and how it expires.