by VDT Attorneys | Jul 15, 2022 | Financial Advice, Tax
When dealing with mergers and acquisitions, the one question that always arises is what tax relief, if any, exists for companies that are contemplating a merger? An amalgamation is essentially the joining of businesses that operate in different entities. Any such...
by VDT Attorneys | Oct 12, 2021 | BEE, Tax, Training
Over the years, many companies have made use of ETI schemes to receive tax benefits afforded by ETI. However, as you have noted correctly, SARS recently issued a ruling which may change the fate of these ETI schemes by holding that a student cannot be an employee for...
by VDT Attorneys | Aug 1, 2019 | Tax
South Africans clearly have an entrepreneurial spirit. Consider this: according to employment figures of Statistics South Africa, 10.15 million people were employed full-time or part-time in the formal, non-agricultural sector of the economy in the last quarter of...
by VDT Attorneys | Jun 14, 2019 | SARS, Tax
Dear Valued ClientVDT Attorneys: investments Kindly note that all interest earned on an investment made by VDT Attorneys, on your behalf, for the 2018/ 19 tax year, must be declared to SARS. We are pleased to advise that IT3(b) certificates are now available. Please...
by VDT Attorneys | May 13, 2019 | BEE, Business, Commercial, Corporate, Employment, Labour, Skills, Skills development, Tax, Youth
A useful tax incentive for employing youth is ETI or Employee Tax Incentive. ETI allows you to benefit up to R12,000 per year for every qualifying youth you employ. ETI was introduced to help make it more affordable for businesses to appoint new staff and assist young...
by VDT Attorneys | Sep 10, 2018 | BEE, Tax
The B-BBEE Commission was established with the powers to oversee the overall implementation of B-BBEE in South Africa including reviewing BEE transactions entered by South African businesses. Given the strategic benefit of being BEE compliant, many businesses are...
