Groups can again move around assets tax-free - but there's a catch.
One of the biggest fears of employees working for smaller concerns is that PAYE may be deducted from their salary, but not paid over to SARS. Will SARS still give them the credit for the tax deducted?
Employees are not penalised by their employer's noncompliance, provided certain procedures are followed.
Diversity of VAT laws makes compliance difficult for multinationals.
Initial beneficiaries of a trust have to be consulted when amendments are made to a trust deed.
In Part 2 of this article, the option of head-quartering the international operation in South Africa is discussed.
SARS implements new procedures and processes to protect taxpayers from fraud on SARS accounts.
Expanded questionnaires are being issued to businesses, presumably for audit purposes.
A hybrid system for taxpayers under the age of 65 years is proposed.