April 23, 2023

Tax Court Jurisdiction to Hear Application to Reinstate Appeal

SARSTC VAT 1518 (VAT) [2023] ZATC JHB  In the Tax Court case VAT 1518 published on 21 April 2023, the applicant (taxpayer) was seeking permission to reinstate Income Tax and VAT appeals there were initially filed but later withdrawn by the applicant, leading to the additional assessments of SARS becoming final. The respondent (SARS) opposed …

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Proposed changes for renewable energy tax incentives

On 21 April 2023, National Treasury and SARS published draft legal amendments relating to the new two new renewable tax incentives announced in the 2023 Budget. 1. Solar Energy Tax Credit The proposed changes are aimed at encouraging households to invest in clean electricity generation capacity to supplement the electricity supply and reduce pressure on …

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CIPC issued legal opinion on whether companies can hold virtual Annual General Meetings (AGMs)

On 20 April 2023 CIPC issued a non-binding legal opinion on the interpretation and implication of Section 61(7) and (10) of the Companies Act, 2008, specifically on the holding of AGM’s by listed companies via electronic means. The focus was on whether listed companies can hold AGMs via electronic means and still be considered in …

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