Blog - Page 55 of 67 - Academy of Tax Law

S.Africa: proposed unilateral extension of prescription by SARS

proposed unilateral extension of prescription by SARSThe South African Revenue Service (SARS) is the official tax authority responsible for the administration and enforcement of tax laws in South Africa. It plays a crucial role in managing the country’s fiscal policy by collecting revenue, administering customs, and ensuring compliance with tax legislation. Established under the South African Revenue Service Act, No. 34 of 1997, SARS functions independently... More by Nicolette Smit, ENS Section 99 of the Tax AdministrationTax authorities are fundamental institutions within government frameworks, overseeing

ATL-Editor 24 August 2015

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Nigeria: PwC secures a favourable judgement on deemed income assessment August 2015

In brief In a recent decision, the Tax Appeal Tribunal (TAT) says a tax authorityTax authorities are fundamental institutions within government frameworks, overseeing tax assessmentA tax assessment is a formal determination made by a tax authority to calculate the amount of tax an individual or entity owes. It is a comprehensive evaluation based on financial records, declared income, expenses, deductions, and any applicable tax laws or regulations. Tax assessments may arise from routine self-assessments by taxpayers, or they may be conducted by revenue authorities... More,

ATL-Editor 24 August 2015

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South Africa: Inland Revenue Updates Guidelines on Valuation of Assets for Capital Gains Tax

South Africa Inland RevenueTax authorities are fundamental institutions within government frameworks, overseeing tax assessmentA tax assessment is a formal determination made by a tax authority to calculate the amount of tax an individual or entity owes. It is a comprehensive evaluation based on financial records, declared income, expenses, deductions, and any applicable tax laws or regulations. Tax assessments may arise from routine self-assessments by taxpayers, or they may be conducted by revenue authorities... More, collection, and administration. Their operations ensure that tax lawsTax laws form the backbone of any nation’s revenue system, setting the rules that govern how individuals and corporations contribute financially to support government functions. These laws define the types of taxes, the applicable rates, and the regulations regarding payment and compliance. They also outline the rights and obligations of taxpayers, ensuring a balanced and fair approach to funding public... More are enforced

ATL-Editor 22 August 2015

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Its time to gear up on Transfer Pricing – please take a look at this Adv Dip in TP – http://www.iiribcfinance.com/event/Advanced-Diploma-in-Transfer-Pricing

Its time to gear up on Transfer PricingTransfer pricing is a fundamental concept in international taxation that defines the pricing methods and rules applied to transactions between related entities within a multinational enterprise (MNE). In the context of tax regulations, it governs how prices for goods, services, or intangibles (such as intellectual property) are set when these items are exchanged between different branches, subsidiaries, or affiliates of... More – please take a look at this Adv Dip in TP – http://www.iiribcfinance.com/event/Advanced-Diploma-in-Transfer-Pricing You graduate from the

ATL-Editor 21 August 2015

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South Africa: Africa Tax In Brief (July 2015) Last Updated: 29 July 2015 Article by Celia Becker ENSafrica Most Read Contributor in South Africa, July

ATL-Editor 1 August 2015

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S.Africa: South Africa to Reintroduce Pre-2011 CFC Rules

By Edwin Naidu July 31 — Changes proposed by South Africa’s National Treasury would subject controlled foreign companies operating in that country to the divisionary

ATL-Editor 1 August 2015

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Zimbabwe: Institute of Certified Tax Accountants Seminar by Dr Daniel N Erasmus

Institute of Certified Tax Accountants Seminar on Transfer PricingTransfer pricing is a fundamental concept in international taxationFOR MORE INSIGHT ON INTERNATIONAL TAXATION, PLEASE READ THIS ARTICLE: Introduction to International Taxation: Key Concepts & Guidelines International Taxation encompasses the framework of laws, principles, and treaties that govern the tax obligations of individuals and entities engaged in economic activities that span multiple jurisdictions. This field addresses how income, profits, and gains are taxed when operations or investments extend... More that defines the pricing methods and rules applied

ATL-Editor 28 July 2015

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JOINT STATEMENT OF THE COMMISSIONERS GENERAL AND HEADS OF DELEGATION OF SOUTH AFRICA, BOTSWANA, LESOTHO, MOZAMBIQUE, NAMIBIA, SWAZILAND AND ZAMBIA TSHWANE – SOUTH AFRICA 16 JULY 2015

JOINT STATEMENT OF THE COMMISSIONERS GENERAL AND HEADS OF DELEGATION OF SOUTH AFRICA, BOTSWANA, LESOTHO, MOZAMBIQUE, NAMIBIA, SWAZILAND AND ZAMBIA TSHWANE – SOUTH AFRICA 16

ATL-Editor 21 July 2015

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S.Africa: And neighbouring countries discuss beefing up tax enforcement

SA, neighbouring countries discuss beefing up tax enforcement Pretoria – The South African Revenue Services (SARSThe South African Revenue ServiceThe South African Revenue Service (SARS) is the official tax authority responsible for the administration and enforcement of tax laws in South Africa. It plays a crucial role in managing the country’s fiscal policy by collecting revenue, administering customs, and ensuring compliance with tax legislation. Established under the South African Revenue Service Act, No. 34 of 1997, SARS functions independently... More (SARSThe South African Revenue Service (SARS) is the official tax authority responsible for the administration and enforcement of tax laws in South Africa. It plays a crucial role in managing the country’s fiscal policy by collecting revenue, administering customs, and ensuring compliance with tax legislation. Established under the South African Revenue Service Act, No. 34 of 1997, SARS functions independently... More) is the official tax

ATL-Editor 21 July 2015

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South Africa: SARS Incorrectly Treating Objections As Invalid

South Africa: SARSThe South African Revenue Service (SARS) is the official tax authority responsible for the administration and enforcement of tax laws in South Africa. It plays a crucial role in managing the country’s fiscal policy by collecting revenue, administering customs, and ensuring compliance with tax legislation. Established under the South African Revenue Service Act, No. 34 of 1997, SARS functions independently... More Incorrectly Treating Objections As Invalid Last Updated: 13 July 2015 Article by Mmangaliso Nzimande ENSafrica In terms of section 104 of the

ATL-Editor 17 July 2015

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