Newsletters
News flash - Accounting for the change in the CGT rate
The Minister of Finance announced in his recent Budget speech that the Capital Gains Tax (CGT) inclusion rate for companies will increase from the current 50% to 66.6% for all disposals of assets after 1 March 2012. This will increase the effective CGT rate for companies from the current 14% to 18.6%.
News flash - Relaxation of tax control
We bring to your attention some of the recent developments regarding further relaxation of Exchange Controls.
There has been consolidation of cross border payments under the single discretionary allowance of R1m per calendar year in that it now includes alimony and child payments over and above the amount provided in the Court Order; wedding expenses and a foreign capital allowance.
PKF Budget Speech Higlights 2012
The highlights of the 2012 Budget Speech delivered by Minister of Finance, Pravin Gordhan in Parliament on Wednesday 22 February 2012.
