By David Warneke, Head of Tax Technical, BDO South Africa The Draft Taxation Laws Amendment Bill of 2016 includes far-reaching proposals relating to the Income tax treatment of low interest or interest free loans to trusts. The proposals, if enacted, could lead to the unwinding of various trust structures. The proposed wording (contained in a …
Tax proposals to hit low interest loans to trusts Read More »
“Privacy, like other rights, is not absolute. As a person moves into communal relations and activities such as business and social interaction, the scope of personal space shrinks” (Extract from judgment below) All companies – big and small, public and private – must keep registers of their shareholders and directors. And, as the SCA (Supreme …
Companies: How private are shareholders’ details? Read More »
“The devil’s in the detail” (wise old idiom) The “new” Companies Act (the Act) has some requirements which can easily be overlooked. They may seem to be minor and technical, but not complying with them could expose you to major risks. In our increasingly litigious society, it is important to be thorough. For example – …
Company directors: Beware of the risks with resolutions Read More »
