Tax considerations pertaining to the sale of shares and share buy-back transactions

Guardians of legacy: Corporate trustees and the new landscape of retirement benefit regulation

A corporate trustee is a corporate body whose work entails providing trustee services to pension schemes as well as institutions. As such, corporate trustees are responsible for the management and administration of pension schemes. Due to the significant role they play and the need to effectively regulate them, the Cabinet Secretary for National Treasury and Economic Planning issued the Retirement Benefits (Corporate Trustees) Regulations, 2023.

VAT agency and principals

The terms “ agent ” and “ agency ” are not defined in the Value Added Tax Act 89 of 1991 (VAT Act). The South African Revenue Service (SARS) has indicated in Interpretation Note 42 (IN 42) that it accepts that the common law relationship between the principal and the agent prescribes the value-added tax (VAT) consequences of this legal relationship. The general VAT rule is that where a person, acting as agent, supplies goods or services on behalf of a principal to a third party, the supply is deemed to be made by the principal and not the agent (section 54(1) of the VAT Act). Conversely, where a third-party supplier makes a supply to an agent acting on behalf of a principal, that supply is deemed to be made to the principal (section 54(2) of the VAT Act). In these instances, the principal and not the agent must account for VAT on the supplies.

CDH bolsters its accomplished Dispute Resolution practice with key appointments

Cliffe Dekker Hofmeyr (CDH), a leading pan-African corporate and commercial law firm, is pleased to announce the appointment of two Directors Khaya Mantengu, who returns to CDH, and Sentebale Makara who both joined our esteemed Dispute Resolution practice in February 2024.

Achieving equitable workforce representation: The settlement agreement on employment equity and affirmative action between the Government and Solidarity

On 14 April 2023, President Cyril Ramaphosa assented to the Employment Equity Amendment Act 4 of 2022 (EEA Amendment). The EEA Amendment introduces various changes, including the identification and establishment of equity numerical targets for different sectors.

Another draft Employment Equity economic sector targets: Have comments been considered?

Salient features of the Kenya-Singapore bilateral investment treaty

The Kenya-Singapore Bilateral Investment Treaty (BIT” came into force on 20 August 2023, five years after it was signed in 2018.