Dear Subscriber,

Compliments of the season to you and your family!!!!

In retrospect of 2007, the words of Paul J Meyer ring in my ears “When you motivate yourself for leadership, you have neither the time nor the capacity to be afraid.” TAXtalk has grown in leaps and bounds in the last year, and we plan to grow even more so that you may receive the most benefit out of the magazine in the future.

This will be the last newsletter for 2007 as I will personally be on leave from next week. I am gratefully looking forward to a nice break and some quality time with my family and friends.

As an early new year´s resolution, I will be taking the advice of Paul J Meyer who tells us not to waste time with regrets for all the goals you failed to set in the yesterdays that are past, if there´s anything you want to do, the only limitations there will ever be are the ones you place in your own mind, people can change their way of life only when they change their way of thinking.

Till next week.
Janine Connor
Executive Editor & Head of TAXtalk

Sanchia Tenkin - Business Day - Personal Finance

In a landmark judgment the Supreme Court of Appeal has allowed an appeal by the South African Revenue Service (SARS) on secondary tax on companies. The appeal court held earlier this week that it was sufficient, to render a close corporation or company liable for secondary tax, if a shareholder or relative was named as a beneficiary in the trust, regardless of whether he or she had a vested right to claim a benefit from the trust.

Adele Shevel - Business Day - Personal Finance

South Africans using Offshore Financial Centres still face exchange controls. The notion of tax havens has tended to conjure up images of small, far-flung islands with large sums of money flowing through.

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:

Interview with Liesl Kruger, director at Cliffe Dekker - Summit TV

This is the season where amendments are made to the Income Tax Act. In the first of a three-part series Liesl Kruger, director at Cliffe Dekker discussed the legislative amendments made to dividends and Secondary Tax on Companies (STC). This programme was broadcast on Tax Issues on Summit TV.

This exclusive Seminar will include presentations from respected tax experts from around the country and abroad and include discussion on:

• Formal introduction of SAIT as a professional Institute in South Africa.
• Feedback from local tax practitioners on the draft Bill.
• Update on the developments surrounding the draft ‘Regulating of Tax Practitioners Bill’.
• Presentation by Taxation Institute of Australia on international best practice for regulating tax practitioners.
• Potential impact of the new legislation on accountants and tax professionals.
• Info session on the new SARS e-filing.
• Tax update presented by Professors Jackie Arendse and Lynette Olivier.
• Presentation on ‘7 Habitual Tax Mistakes’ made by companies.

Colette Hughes, a Senior Manager - PricewaterhouseCoopers´ African Tax Survey 2007

South Africa (‘SA’) presents the greatest challenges in respect of taxation when it comes to doing business on the African continent. Countries that follow SA in terms of tax complexities and difficulties are Nigeria and the Democratic Republic of the Congo (‘DRC’).

With the national supply of electricity in a chronic situation, South African citizens will be all too familiar with the effects of decades of under-investment in infrastructure. If you were to take a peek out your office window there is a good chance that the skyline would be punctuated by a vast number of yellow cranes if you work anywhere near a city CBD.

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)