by VDT Attorneys | Apr 22, 2024 | Budget, Budget Speech, Estate Planning, Reporting, SARS, Wealth management
Over the past decade, there has been much speculation surrounding the potential introduction of formal wealth taxes in South Africa. Drawing parallels from international models, such a tax would be a percentage-based tax calculated on the market value of an...
by VDT Attorneys | Apr 22, 2024 | Abatements, Budget, Budget Speech, Estate Planning, Reporting, SARS
In the ever-evolving landscape of offshore structuring, the interplay between exchange control regulations and global tax policies can have significant implications for South African individuals and businesses having offshore structures, as governments worldwide...
by VDT Attorneys | Apr 15, 2024 | Abatements, Budget, Budget Speech, Estate Planning, Reporting, SARS
In the aftermath of the 2024 National Budget speech which took place in February 2024, many taxpayers might have breathed a sigh of relief at the absence of tax hikes or significant tax amendments. The most noteworthy observation from the budget is the absence of...
by VDT Attorneys | Apr 15, 2024 | Asset purchase, B-BBEE Commission, Competition Commission, Doing Business in South Africa, M&A, Mergers & Acquisitions, Takeover Regulation
Before unpacking the various methods in which an M&A can be effected, it is worthwhile to revisit the concept of what is an M&A. Typically a merger or acquisition takes place where one or more companies merge or are acquired to form a single entity or...
by VDT Attorneys | Apr 15, 2024 | B-BBEE Act, Competition Commission, M&A, Mergers & Acquisitions
The Competition Commission is the guardian of fair competition in South Africa, with its primary objective the prevention of anti-competitive behaviour to ensure markets remain open, competitive, and conducive to consumer welfare. When assessing M&A, the...
