Section 10(1)(gC) of the Income Tax Act currently exempts, among other things, foreign sourced lump sums, pensions and annuities that are received by or accrue to a resident for past employment outside South Africa, except amounts from South African retirement funds or resident long-term insurers. This exemption was introduced into the Act when South Africa moved to a worldwide basis of taxation for residents in 2001.

Johannesburg, Friday, 14 March 2025 – The South African Institute of Chartered Accountants (SAICA) welcomes the High Court Judgment issued on 12 March 2025, which dismissed the review application brought by Ms. Yakhe Kwinana. SAICA considers the dismissal of the review application as confirmation of the robustness and integrity of SAICA’s disciplinary processes in ensuring accountability and upholding the highest ethical standards in the profession.

Johannesburg, 13 March 2025 – The Budget 2025 version 2.0 has come and gone, and today we contemplate what all this means and why we should care about what the Minister said. Pieter Faber, Executive Taxation at the South African Institute of Chartered Accountants, unpacks how all of this will impact South African citizens.

SAICA member, Dr Muneer Hassan CA(SA); Chartered Tax Advisor (CTA); Deputy Chair of the SAICA National Tax Committee; Deputy HOD Accountancy and Senior Lecturer Taxation at UJ delves into this much debated question.

Business confidence in its most basic form is the optimism or pessimism of business in future economic conditions. This in most instances drives their willingness to invest, hire people and expand operations. According to a report by United Nations Trade and Development (UNCTAD), several factors beyond economic determinants are increasingly shaping investment decisions. These include trends in global value chains, technological advancements, geopolitical dynamics, and environmental concerns.

Johannesburg, 28 February 2025 – The South African Institute of Chartered Accountants (SAICA) is proud to announce the pass rate for the 2024 Assessment of Professional Competence (APC). This year, 3,147 (73%) of the 4,323 candidates who wrote the APC in December 2024 successfully demonstrated their competence.