SARS

How the launch of three new VAT tools will assist SMEs

With the aim to resolve the tedious and traditionally costly process of processing VAT (value-added tax) for businesses, global cloud accounting software provider, Xero has announced…

Covid-19 and African tech startups roundup [01/04/2020]

SA biotech start-up AzarGen announced yesterday that it is developing a drug that has the potential to help patients suffering from one of the…

Covid-19: Tax relief proposed by the President for SA SMEs

The address by President Cyril Ramaphosa on Monday, 23 March 2020, set out certain fiscal relief measures to help small and medium enterprises (SMEs)…

Smaller Section 12J funds will struggle to raise investor capital with new changes [Opinion]

National Treasury appears certain to retain changes to the Section 12J tax incentive, which allows South Africans to write off 100% of the investment…

SA’s Biz Portal to cut company registrations to one day

The SA government has launched the pilot phase of Biz Portal, a new business portal, led by the Companies and Intellectual Property Commission (CIPC)….

Is spike in energy deals evidence that Section 12J funds are driving VC boom in SA?

Is a massive spike in energy deals last year evidence that a 2008 venture capital (VC) tax incentive is behind South Africa’s 31% increase…

A fail-safe way to moving IP offshore: Part 2 [Opinion]

In my previous article I summarised the goal of a company seeking to grow internationally by locating its intellectual property (IP) offshore. This second…

A fail-safe way to moving IP offshore: Part 1 [Opinion]

At some point those at SA tech companies will ask — how do we move our intellectual property (IP) to an offshore company, one…

‘Only 4% of Section 12J funds went to VC in last tax year’

A mere four percent or R120-million of the estimated over R3-billion raised by Section 12J venture capital companies (VCCs) in the 2019 tax year…

Sars Section 12J VC companies – hype versus substance [Opinion]

There are many legal ways for South African taxpayers to reduce their tax burden, and investing in a SA Revenue Service (Sars) approved Section…

New Vinny Lingham linked R500m VC fund currently mulling 15 investments [Updated]

Silicon Valley based SA entrepreneur Vinny Lingham is partnering with an investment house in South Africa in a new R500-million venture capital (VC) fund,…

What startups should know about tax, when setting up an overseas company

No matter how small the world is becoming or how much of a global village we live in, each country’s tax authorities need to…

SARB calls on the public to comment on consultation paper on crypto assets

Members of the public have until 15 February to comment on a consultation paper on crypto assets released by the South African Reserve Bank and other members of the Intergovernmental Fintech Working Group on Tuesday

Section 12J VC incentive a good start, but government can do more [Opinion]

The world of startups is a risky choice for an investor. But there is a clever way you can reduce that risk, and that…

Investors use loophole in VC tax incentive to invest in own companies – Sars

Investors are using a loophole in a SA venture capital (VC) tax incentive to invest in companies connected to them and benefit from a…

State must close door on those that misuse VC tax incentive [Opinion]

This week saw an outcry from South Africa’s venture capital (VC) and private equity sector over amendments the National Treasury plans to make to the…

Venture capitalists welcome Section 12J proposals but call for more changes

Venture capitalists have welcomed The National Treasury plan’s to amend a venture capital tax incentive, but want further amendments to be made. The VC tax incentive falls under Section…

Capital flight talk over says Grovest man on launch of R200m Metta Capital fund

The talk of “capital flight” from South Africa has come to an end, believes venture capitalist Jeff Miller, following the launch yesterday of Metta Capital, the first…

Two years on tax exemption for grants to small businesses fails to take off

More than two years after it came into effect, a tax exemption for entities approved by the SA Revenue Services (Sars) that provide grant funding to small businesses has…

Small Business Corporation regime takes sting out of tax on those early profits

Tax season is open – and the SA Revenue Service (Sars) is on a mission this year. Fiscal budgets are under immense pressure. South…

Five ways to save money on your tax filing

The 2017 tax season opened for individuals on 1 July and taxpayers need to start gathering all the supporting documents needed to submit tax…

Can 12J VC tax incentive create the jobs South Africa badly needs?

Tim Strang wants to provide spaza shops and wholesalers with a better way to order stock, through an app. He’s betting on creating hundreds…

TaxTim now serves SMEs with tax completion tools

Innovative tax return tool TaxTim has launched its tax completion tool for SMEs. Following the success of its personal tax return tool, the digital…

Google now officially owns Fitbit

Eskom announces Stage 2 loadshedding for next few days

Netflix will add a new original movie every week in 2021

Report reveals MENA tech startups raised $1-billion in 2020

Nigerian tech startup secures $38-million

Why SMME’s need to think small [Opinion]

Samsung Galaxy S21 and S21 Ultra announced: price and details for South Africa

A third of gamers in South Africa hide their hobby from parents

Asus Flow X13 and XG Mobile: A convertible gaming laptop with external graphics card – price for South Africa

Great news for Toyota hot hatch fans – GR Yaris confirmed for South Africa

Honda WV-R: High-riding ‘Jazz’ now in South Africa

The new Hyundai i10 is a Grand deal