Tax on par value share conversions

Professor Emil Brincker, director and national practice head, tax, Cliffe Dekker Hofmeyr issued by www.moneywebtax.co.za Does the conversion of par value shares by a company into no par value shares result in a tax liability, asks Professor Emil Brincker. Since the introduction of the new Companies Act on May 1 2011, consultants have battled with [...]