S.Africa: PE Tax Ruling and Analysis update
By Edwin Naidu Aug. 25 — Foreign businesses rendering services in South Africa must consider and plan for the tax consequences relating to work undertaken
Category: Africa
S.Africa: United Kingdom: Major Victory for VWFS in Partial Exemption VAT Case
S.Africa: United Kingdom: Major Victory for VWFS in Partial Exemption VAT Case Posted on August 25, 2015. This UK VAT judgment will impact VAT apportionment
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... by Nicolette Smit, ENS Section 99 of the Tax AdministrationTax authorities are fundamental institutions within government frameworks, overseeing
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...,
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..., 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... are enforced
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... – please take a look at this Adv Dip in TP – http://www.iiribcfinance.com/event/Advanced-Diploma-in-Transfer-Pricing You graduate from the
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
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
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... that defines the pricing methods and rules applied
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