Viewpoints: Trust income and non-resident beneficiaries

Section 25B of the Income Tax Act governs the taxation of income in trusts and their beneficiaries. Specifically, subsections 25B(1) and 25B(2) apply to income received or accrued by resident beneficiaries. For non-resident beneficiaries, unless section 7(8) applies, the income must be taxed in the trust. Section 25B(1): Vested Rights of Resident Beneficiaries Income received…

Viewpoints: SUSTAINABILITY What about charitable organisations?

Sustainability and related reporting are all abuzz at the moment. However, the focus is on for-profit companies with little to no attention paid to charitable organisations (COs) that have a significant impact on vulnerable groups, animals and the environment. If sustainability is about outcomes, why is this sector an afterthought? Governments are increasingly unable or…

Aneshree Naidoo CA(SA)

Cover Story: Women’s Month – You don’t have to be defined by your circumstances’ – Aneshree Naidoo CA(SA)

As CFO of Webber Wentzel, Aneshree Naidoo may have reached the upper rungs of the corporate ladder – but memories of a childhood spent climbing mango trees near the sugar-cane fields after school remind her that no matter how high you go, you should never forget your roots, or your humanity. Aneshree reflects that, sometimes,…