by VDT Attorneys | Jun 9, 2017 | Business, Commercial, Company, FICA
The Financial Intelligence Centre Act 38 of 2001 (“FICA”) was introduced in South Africa to govern financial intelligence and to assist in the combatting of financial crime. The recent Amendment Act to FICA is intended to enhance and modernise our South African...
by VDT Attorneys | Jun 9, 2017 | Business, Commercial, Company, Construction, Damages, Property, Tax
When your property company sold the property to the potential buyer, your company became liable, in terms of the Income Tax Act to pay the income tax calculated on the gain you made by reason of the sale in accordance with the following formula: Proceeds from the...
by VDT Attorneys | May 8, 2017 | Advertising, Business, Commercial, Information, Marketing, POPI, Technology
Direct marketing practices are considered to be a legitimate business interest for many businesses worldwide and are used primarily for attracting new clients. There are, however, certain do’s and don’ts when it comes to direct marketing practices in South Africa,...
by VDT Attorneys | Mar 8, 2017 | Commercial, Social Media
Your concerns are not unfounded as social media (ab)use can negatively impact on employee productivity and inappropriate employee social media conduct can pose a business risk for an employer. Internet usage via an employer’s infrastructure can be regulated by the...
by VDT Attorneys | Mar 8, 2017 | Commercial, Company, Estate Planning, Tax, Trust
You are correct. A new Section 7C has been introduced into the Income Tax Act 58 of 1962 as an anti-avoidance provision to discourage the use of trusts for estate planning purposes. Section 7C is effective from 1 March 2017 and will apply to any loans, advances or...
by VDT Attorneys | Feb 10, 2017 | Commercial, Information
E-commerce and online shopping continues to grow exponentially as mobile devices, bandwidth and diverse applications allow consumers to freely browse and buy online. It could even be said that today consumers expect a business to have an online presence with which...
