Notes on South African
Income Tax 2007
Keith Huxham and Phillip Haupt
Notes on South African Income Tax (now in its 26th annual edition) contains the important provisions of the law dealing with income tax, capital gains tax, donations tax, estate duty, and value-added tax in an easy to read format. In line with the policy of the authors, the important provisions of the law are covered and explained in clear terms, with examples.
Since the last edition of this book in January 2006, South Africa has introduced the following amendments:
· Small Business Tax Amnesty and Amendment of Taxation Laws Act 2006
· Second Small Business Tax Amnesty and Amendment of Taxation Laws Act 2006
· The Revenue Laws Amendment Act 2006
· The Revenue Laws Second Amendment Act 2006
Important changes and developments include:
● New anti-tax avoidance provisions (sections 80A to 80L) ● New reportable arrangement provisions (sections 80M to 80T) ● Taxation of sporting and recreational clubs ● New research and development deductions and allowances ● Tax amnesty for small business ● Advanced tax ruling system ● New personal service company provisions ● New provisions relating to public benefit organisations ● Changes in capital gains tax ● Changes in the restructuring rules ● Changes to the tax rates, thresholds and exemptions ● Changes to the rules relating to ‘controlled foreign companies’ ● New withholding tax for payments to non-resident entertainers and sportspersons.
The book is a useful summary, containing explanations, diagrams, examples, and lists. It is a distillation of the authors’ extensive experience in lecturing, consulting, and planning. It is an essential companion for the tax practitioner and planner, accountant, attorney, revenue officer, and student. It is being made available to existing subscribers for R345 (which includes door-to-door delivery – usually 2 to 3 business days - packaging and VAT).
The English version of the book is expected mid-January 2007, and the Afrikaans version mid-February.
You can also order online at www.hedron.co.za and make an electronic funds transfer into our account.
%------%
Please send me “Notes on South African Income Tax 2007”
Stuur asseblief “Aantekeninge oor Suid-Afrikaanse Inkomstebelasting 2007”
I enclose my payment for R______(R345 per book, incl. VAT, door-to-door delivery, and packaging) .
I have paid by direct deposit / electronic transfer (proof attached).
Kindly put your name or company name as a reference when paying directly into the bank account.
Namephysical address (building name and number, street name and number) ______
______
______Fax ______e-mail address______
Telephone: ______VAT number if applicable ______
To: Hedron CC, P O Box 6923, Roggebaai. 8012 . Telephone: 021 421-7230 ■ Fax: 021 421-1694
www.hedron.co.za email: