ADJUSTED LOCKDOWN LEVEL 3 – THE IMPACT ON INDIVIDUALS AND BUSINESS OWNERS
South Africa entered into the adjusted Level 3 lockdown, due to the new and more contagious strain of COVID-19 on 28 December 2020 (“Adjusted Level 3 Regulations”). The Adjusted Level 3 Regulations impact individuals and business owners alike. What follows is a brief...
ARE SECTION 12J VENTURE CAPITAL COMPANIES TRULY APPEALING?
In South Africa, taxpayers are often on the lookout for ways to considerably reduce their tax liability and there are several tax incentive structures that, if utilised correctly, may afford such relief. Section 12J of the Income Tax Act No. 58 of 1962 (“Income Tax...
COVID-19 TAX RELIEF BILLS APPROVED
On Tuesday the 25th of August 2020 the Parliament of the Republic of South Africa issued a press release stating that the National Assembly had, during its hybrid plenary, passed the Disaster Management Tax Relief Bill and the Disaster Management Tax Relief...