Tax exempt status may be awarded to a non-profit organisation (NPO) that solely or primarily undertakes public benefit activities with a philanthropic or altruistic intent.

An NPO that has been granted tax exempt status (commonly referred to as a public benefit organisation or PBO) is generally exempt from income tax. Certain approved PBOs may also

This blog was co-authored by: Kristin January, Candidate Attorney

On Wednesday 23 February 2022, the Minister of Finance presented his inaugural Budget Speech.  The National Treasury confirmed its commitment to transformation of exchange control regulations with several new proposals:

  • Individuals are permitted to export dual listed domestic securities to a foreign recognised exchange, subject to

South Africa’s Finance Minister Tito Mboweni delivered a supplementary budget on Wednesday 24 June 2020, highlighting that business confidence will remain near historic lows, with investment and employment remaining constrained.

This emergency budget comes only four months after the National Budget which has been left defunct in the wake of COVID-19 and a three-month lockdown

Exceptional tax measures have been announced as part of the fiscal package that was presented by the President in his speech on the Escalation of Measures to Combat COVID-19.

The tax measures result from the realisation that there is a critical need for government interventions to assist with job retention and assist businesses experiencing significant

01 I Methods of incorporation

A business presence can be established in South Africa, one can either incorporate a South African entity or incorporate a foreign offshore entity, as a so called ‘branch’ or ‘external company’.

02 I Applicable legislation

Both forms of business enterprise are regulated by the Companies Act 2008. However, in the