Tax implications of international branches

Irrespective of whether a South African company is expanding its business offshore, or whether international businesses set up shop in South Africa, companies trading internationally are often confronted with the complex tax implications for doing so. This article explores the tax implications linked to international branches of a company specifically; it does not consider the scenario where a corporate group […]

Is your Trust ready for the new Section 7C?

President Jacob Zuma has signed The Taxations Laws Amendment Bill (TLAB) into law on 11 January 2017. The TLAB will be implemented effectively from 1 March 2017. A new section, Section 7C, has also been introduced. This section specifically deals with Interest Free or Low Interest Loans to Trusts. SUMMARY OF SECTION 7C: The section applies to any loan, advance […]