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23 March 2022

New interest limitation rules for South Africa

The Taxation Laws Amendment Act of 2021 was published and promulgated on 19 January 2022. One of the potentially most significant changes arising are amendments specific to the rules around the limitation of interest deductions in respect of debts...

17 March 2022

Proposed model for APA program in SA

In December 2021 SARS released a document setting out a proposed model for establishing an Advanced Pricing Agreement Program (“APA program”) in South Africa combined with draft legislation specific thereto. In this regard SARS had previously issued...

17 March 2022

Clarifying the rules dealing with WHT exemption declarations

South Africa applies withholdings taxes (“WHT”) on royalties from a source within South Africa paid by any person, resident or not, to a foreign person, as well as on interest from a source within South Africa and also dividends. All these WHT’s can...

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Section 7 Deemed Donations 2022 deadline | RSM

15 March 2022

Section 7C Deemed Donations 2022 deadline

The provisions of Section 7C of the Income Tax Act referring to instances of deemed donations have now been effective for a number of years. Over that time, SARS has extended the scope of the provisions to counter different measures being adopted by...

3 March 2022

The RSM Education Trust

The RSM Education Trust was established in 2016 by RSM South Africa as the firm’s vehicle to benefit black women in South Africa, through funding their academic and other costs related to the pursuit of their CTA - Post Graduate Accounting Studies.

24 February 2022

2022 Budget Speech Tax Highlights

Finance Minister Enoch Godongwana presented his first budget speech on 23 February 2022. He claims that the budget strikes the critical balance between saving lives and livelihoods, while supporting economic growth.

21 February 2022

What to watch out for in the 2022 National Budget Speech

Our Minister of Finance Enoch Godongwana will be presenting his first budget speech on Wednesday 23 February 2022. He is presenting this budget in a strained economic environment, impacted by events such as the Covid pandemic as well as the civil...

16 February 2022

VAT and GST tax compliance in a data-driven digital age

Recent advancements in digitalisation and the use of data have transformed the way that businesses engage with global revenue authorities. Today, tax and customs authorities have an increasing ability to automatically process and analyse information...

15 February 2022

RSM South Africa joins UN Women Empowerment Community

RSM South Africa is proud to have joined the UN Women Empowerment Community. By signing the Statement of support, we have joined a network of thousands of businesses across the globe and demonstrated our commitment to advancing gender equality and...

11 February 2022

January 2022 - Your Global Summary of IFRS News and Developments

LATEST MATTERS FROM THE INTERNATIONAL ACCOUNTING STANDARDS BOARD (IASB) The following is a summarised update of key matters arising from the discussions and decisions taken by the IASB at its remote meetings on the following dates: 15-19 November...

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