Finances

Government, parliamentary and legislative information on financial matters, including National Treasury and SARS.

SARS Outlines Reportable Arrangements

South African Revenue Service

An arrangement in which a company buys back shares on or after 3 February 2016 from one or more shareholders for an amount exceeding R10 million and issued shares within 12 months will be regarded as a reportable arrangement.

The South African Revenue Service (SARS) announced this in Government Gazette 39650.

Review of Tax Laws in Two Years Time

The Presidency

Tax harmonisation provisions contained in the recently signed Taxation Laws Amendment Act and Tax Administration Laws Amendment Act will be reviewed after two years.

The presidency reminded stakeholders about this in a statement issued in response to media reports that insufficient consultation on the retirement reform proposals had taken place.

Comment Called on Twin Peaks Bill

Parliament

The standing committee on finance recently called for written comment on the Financial Sector Regulation Bill.

The bill was tabled in parliament in October 2015.

Latest Gazette Notices

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