Retirement Tax Fund

Provident fund annuitization I canvassed the harmonization of all retirement funds (pension, provident and retirement annuity funds) in 153 TSH 2015. In essence, as from 1 March 2016, contributions to such funds are treated similarly for tax purposes. Thus provident...

Foreign trusts and CFCs

Proposed amendments in the draft bill The controlled-foreign-company rules, which deem the taxable income of a foreign company to be that of its RSA resident individual shareholders, notwithstanding the non-declaration of a dividend, have to date been easily...

Natural Persons

Ordinarily resident status SARS interpretation note SARS has on 20 June 2018 reissued Interpretation Note 3 (Issue 2) (see 183 TSH 2018), setting out its interpretation of the expression ‘ordinarily resident’, appearing in the definition of ‘resident’ in s 1(1) of the...

The Special Voluntary Disclosure Programme

And estate duty on the assets in a nonresident trust Election and deemed holding For SVDP purposes, under s 18 of the Rates and Monetary Amounts and Amendment of Revenue Laws Act 13 of 2016, relief was granted to an applicant (donor or beneficiary) in circumstances in...