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June 2019

Essential Reading - Our Top Picks for June

Each month, our Moore Stephens L&D team brings you its top picks for essential reading. This month we look at two books published in 2018 on legacy and leadership – one about what makes ordinary people into extraordinary leaders and one about how to build a long-term legacy in a short-term world.

Market Outlook: Naspers Results and NewCo Listing Delay

In this month’s Market Outlook, written exclusively for Moore Stephens by Anchor Capital, the team takes a look at the recent Naspers results and NewCo listing delay.  

Section 12J – Answers to Your Most Frequently Asked Questions

We received an overwhelming response to our March newsletter article on Section 12J and how it is delivering growth for South Africa. To answer just some of your questions, we have put together a list of FAQs related to Section 12J and Section 12J Venture Capital Companies (VCC). Kai Reuning and Hans-Dieter Hillermann of Moore Stephens Johannesburg share their insights.

Tax-Free Company Transport – How to Benefit from This Provision

Transport to and from work is a daily struggle for many South Africans and as a result, many businesses provide transport for their employees. In recognition of this necessity, SARS has introduced Paragraph 10(2)(b) of the Seventh Schedule to the Income Tax Act to provide this service at “no value” for tax purposes. Lynn Alaraju of Moore Stephens Johannesburg takes a closer look.

Moore Stephens Mauritius on the Mauritian Budget Presentation

The National Mauritian Budget 2019/2020 themed “Embracing a Brighter Future Together as a Nation” was presented earlier this month by the Mauritian Minister, the Hon. Pravin Kumar Jagnaugth. Our colleagues at Moore Stephens Mauritius share their insights into the budget and what it means for individuals and companies with interests in the country.  

Compromise of Tax Debts with SARS – Do you Qualify?

In these tough economic times, more and more taxpayers are struggling with cash flow and are unable to settle tax debt due to SARS. Moore Stephens Cape Town’s Grant Ward takes a closer look at the compromise arrangements available to individuals, trusts, close corporations and companies.

2019 Tax Return Filing Season – What you Need to Know

SARS Commissioner, Edward Kieswetter, has announced changes to the tax return threshold, as well as the dates for the 2019 tax filing season. Moore Stephens Cape Town’s Grant Ward looks at what you need to know.

Is HMRC taxing you on your UK Pension, interest or royalty income? Time to claim a refund!

The Double Taxation Agreement (“DTA”) between The United Kingdom (“UK”) and South Africa (“SA”) has been enforced since December 2002.  In terms of Articles 11,12 and 17 of the DTA interest, royalties and pensions, other than Government pensions, paid to a South African tax resident is only taxable in South Africa meaning HM Revenue & Customs (“HMRC”) do not have taxing rights on these sources of income.