S.Africa: Canadian judgment will apply to similar situations in S.Africa
In McNally v. Canada (National Revenue) (2015 FC 767), the taxpayer brought an application to the Federal Court for an order requiring the Minister to
S.Africa: Davis Tax Committee seeks public input for First Interim Report on Estate Duty
Davis Tax Committee seeks public input for First Interim Report on Estate Duty 13 July 2015 Author: The Davis Tax Committee The DTC’s media statement
S.Africa: FATCA: Incidences of non-compliance that are subject to a fixed amount penalty
FATCA: Incidences of non-compliance that are subject to a fixed amount penalty 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 authorityTax authorities are fundamental institutions within government frameworks, overseeing tax assessment, collection, and administration. Their operations ensure that tax laws are enforced and public funds are collected efficiently. This article delves into tax authorities' purpose, responsibilities, and structure, offering insights into their essential role in supporting government functions and economic stability. What is a Tax Authority? A tax authority is... More responsible for
Mauritius: Automatic Exchange Of Information In Tax Matters: Mauritius Is One Of The First African Countries To Sign Up
Mauritius: Automatic Exchange Of Information In Tax Matters: Mauritius Is One Of The First African Countries To Sign Up Last Updated: 8 July 2015 Article
Tanzania: DTAs and Practical Issues and Insights
Double TaxationDouble Taxation occurs when the same income or financial transaction is taxed twice, typically in different jurisdictions. It can arise in two primary contexts: economic double taxation, where the same income is taxed twice in the hands of different taxpayers, and juridical double taxation, where the same taxpayer is taxed on the same income in more than one country. Double... More Agreements with Tanzania: Practical Issues and Insights Jul 10, 2015 ONE of the most immediate and obvious consequences of globalization is the impact
Namibia: Transfer Pricing update July 2015
In Namibia, 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 to transactions between related entities
Mauritius: Impact of FATCA on Mauritius Entities
Impact of FATCA on Mauritius Entities Stephen V. Scali Conyers Dill & Pearman Stephen V. Scali is Head of Mauritius Office at Conyers Dill &
S.Africa: Taxation of Interest – The Complex Web
Taxation of Interest in South Africa—The Complex Web The number of provisions contained in the Income TaxIncome Tax is a direct levy imposed by governments
Botswana Becomes Eighth WTO Member To Approve Trade Facilitation Agreement
Botswana Becomes Eighth WTO Member To Approve Trade Facilitation Agreement (“TFA”) Botswana has ratified the World Trade Organization’s Trade Facilitation Agreement, making it the first
Transfer Pricing: Corporate LiveWire Round Table on TP in 2015
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 2015 In our 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 to transactions