COVID-19 Tax Relief Measures

The Minister of Finance announced the following exceptional tax measures on 29 March 2020. These have been summarised below by Somaya Khaki (Project Director: SAICA Tax). Please also consult the Explanatory Memorandum and Media statement (links provided at the end of the mailer below) which includes background, detailed requirements and examples. The draft bills alongside …

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“Seller’s Remorse” and “Subject to Sale of the Buyer’s Property” – Can They Sink the Sale?

Holiday Season can be an ideal time to buy and sell residential property, and if you are in the market for a house – or about to put yours up for sale – be mindful of the fact that both “seller’s remorse” and sales with suspensive conditions (like “subject to sale of the buyer’s property”) …

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Crunch Time for SA – The Medium Term Budget Policy Statement and What it Means to You

The main budget presented to Parliament in February by the Minister of Finance is where government reveals its detailed projections of and plans for the economy, and its tax and spending proposals. So at this stage no detail is expected from the MTBPS, but rather a general indication of where we are and where we …

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Your Shareholder Agreement versus Your Memorandum of Incorporation – There Is Only One Winner

Shareholder agreements, as the backbone of shareholder relationships, form a vital part of any company’s potential for stability, success and profitability. But what happens if your shareholder agreement conflicts with your company’s MOI (Memorandum of Incorporation)? Worse still, what if either of them are at variance with the Company’s Act? Which of the three takes …

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