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info@taxtalk.co.za | tel:
0861TAXtalk | fax: 086 657 9584 |
South Africa´s Leading Tax Magazine |
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November
2007
Week 5 |
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This Week in TAXtalk
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Dear Subscriber,
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TAXtalk magazine Issue 8 is being posted to you as I speak. For those of you that cannot wait for your
copy to reach your desk and you want to see it NOW... you can. Just go to the TAXtalk website
and access the magazine in electronic format. Remember that you will need your login details to open
up the magazine |
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There are many great things happening at TAXtalk at the moment, including revamping the TAXtalk
magazine so that it becomes the best tax magazine that you have ever read. In order to be truly
amazing we have to provide for a need. TAXtalk promises to deliver a magazine of a high standard,
with great information that is reader-friendly. We don't want to be regarded as just another formal
journal - we want to be remarkable, we want to make sure that the magazine looks and is as
interesting as the great content that is submitted to us. We want you to be a part of our team by
submitting your comments or questions so that we can bring you the most interesting, current and
informative tax information. We can publish these in the readers' forum and open up a
discussion.
In Issue 8 of TAXtalk, we interview two prominent board members of the South African Institute of
Tax Practitioners (SAIT). SAIT was recently constituted as a non-profit professional body for tax
professionals, their main aim being to promote the interests of tax practitioners and the tax
profession. TAXtalk magazine has joined forces with SAIT to become the tax
magazine of choice for their tax
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practitioners who will be receiving the magazine as part of their SAIT membership. In our
feature article on page 4, Stiaan Klue and Prof. Lynette Olivier are interviewed on the role that
the new institute will play for tax practitioners and what their immediate plans are for
SAIT.
If you are not a SAIT member, don't worry, subscription is not exclusive only to SAIT members. You
can use our online credit card facility and still subscribe to TAXtalk for R260.00 annually. Go ahead
and subscribe now.
The new buzz words and corridor talk are about Black Diamonds. Who are they and what is all the fuss
about? This upwardly mobile black middle class, concentrated in South Africa's main urban areas have
become one of the main drivers of the South African economy. I recently read an article that stated
that middle-class blacks despise this title. Well, if you have an impact on the economy and you fall
into a particular category or group, it is inevitable that you will be stereotyped. That is just the
way of the world. On page 8 we take a deeper look into all the controversy surrounding the so-called
Black Diamonds and investigate what all the hype is about.
I hope you enjoy reading this issue. Expect many more exciting things to come in future
issues.
Subscribe to TAXtalk now for only R260.00 incl VAT annually
You will receive 2 copies of TAXtalk magazine absolutely FREE !
For more information call 0861TAXtalk (829 825)
Tax Issues
Windfall tax has been in the spotlight recently with minister of Finance, Trevor Manuel announcing
that South Africa will not impose a windfall tax on synthetic fuel producers such as Sasol and
PetroSA. Joseph Maluleke of Rooth Wessels Maluleke Attorneys recently discussed this issue on Tax
Issues. Click here
for a transcript of the interview.
Tax Issues is broadcast on
Summit TV (DSTV channel
292) at 20h40 & 22h40 on Wednesday evenings and at 7h30 on Thursday mornings.
Receive your own copy of TAXtalk every 2 months,
subscribe online in less than two minutes.
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Till next week.
Janine Connor
Executive Editor & Head of TAXtalk
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You can now subscribe using |
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Fractional ownership plan queried
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Nick Wilson - Business Day
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THE fractional property ownership schemes in SA may be operating in contravention of the Property Time
Sharing Control Act, says the latest edition of attorneys` magazine De Rebus.
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read more ... |
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In closing: We are on the list daahling, are you?
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TAXtalk Magazine Article
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First there were the Prada handbag, the Gucci shoes and the Audi TT. Then came the Tuscan villa in
Woodhill, the beach house in Plett and the bush hideaway in the Timbavati. And now being on SARS´s
list is the most coveted status symbol in town. What you may ask has SARS got to do with status
symbols? The answer is short and very sweet.
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read more ... |
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Global Tax Jobs
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eTaxjobs is a global job portal exclusively for tax professionals, and an online resource for employers
and recruitment firms to advertise their vacancies. eTaxjobs operate in the UK, Europe, USA, Canada,
Australia, New Zealand, Africa and around the World.
Available tax jobs for this week are:
- Private Client Tax Consultant, International Bank, London, UK
- Tax Analyst, Big 4, Melbourne, Australia
- Transfer Pricing Manager, US Bank, London, UK
- VAT Trainer, Dubai, UAE
- Transition to Relationship Management, Hong Kong
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How exactly is Gross Income arrived at and how is Capital differentiated from Income?
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Adv Peter OHalloran - TAXADV cc
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The origin of our (SA) taxation system has its roots in both the British system of taxation and the
Roman Dutch, through the Colonial Office and the Dutch East India Company, both indirectly drawing
from the ancient Roman systems. However, the formula for the computation of income tax is relatively
new.
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read more ... |
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Mitigation by SARS of tax leakages through certain tax avoidance arrangements
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Tax Seminar Notes by: Shafeeka Hartley - Deneys Reitz Attorneys
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The theme of this section is mitigation: by SARS of tax leakages through certain tax avoidance
arrangements; and against various inadvertent hardships experienced by taxpayers in applying the
provisions of our fiscal legislation.
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read more ... |
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Readers Forum - Issue 8 TAXtalk Magazine
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TAXtalk Magazine Article
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Sars allows up to 20% of a persons package to be taken in the form of benefits which can be offset
against tax. Is the 20% calculated on guaranteed package only, or is 20% of all of a persons income
(bonuses, overtime, bursaries ets) included? If only certain income is allowed to be used in the
calculation of the 20%, which income is it specifically? And then, is it the taxable benefit or the
actual cost?
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read more ... |
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Write an article for TAXtalk TODAY!
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TAXtalk invites you to write an article in which you share your views and expertise on tax. Your
article can be published in the newsletter for 7000 readers to view, on our website for over 100 000
viewers to see and in the TAXtalk magazine(with your photo) for more than 16 000 readers to read.
Make an impression, submit your article NOW.
Article Requirements:
1 Page Article : 500 words 1½ Page Article : 900 words 2
Page Article : 1350 words
Font: Tahoma or Times Font Size: 10
Submit your article to: janine@taxtalk.co.za or post it to:
(P.O Box 1650 Gallo Manor 2052) |
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