Far-reaching proposed changes to the taxation of foreign trusts

The South African Draft Taxation Laws Amendment Bill, 2018 (the “Draft Bill”), which was published by the Minister of Finance on 16 July 2018, introduces many of the tax proposals announced in the 2018 Budget Review earlier this year. Consistent with the general trend of combatting perceived areas …

http://www.polity.org.za/article/far-reaching-proposed-changes-to-the-taxation-of-foreign-trusts-2018-08-22

South Africa joins 48 African countries in signing the African Continental Free Trade Area Agreement

On 1 July 2018, South Africa, along with five other countries, became party to the African Continental Free Trade Area agreement (AfCFTA), joining the 44 existing signatories to the agreement. AfCFTA is a treaty between consenting countries whereby a free trade area is constituted which allows memb…

http://www.polity.org.za/article/south-africa-joins-48-african-countries-in-signing-the-african-continental-free-trade-area-agreement-2018-07-25