S.Africa: SARS attachment powers under TAA should be questioned
EMPLOYEES’ TAX Emolument attaching orders JANUARY 2016 – ISSUE 196 A recent, much publicised decision in the Western Cape High Court declared certain provisions in
Category: Africa
Zimbabwe: Recent Zimbabwe Court cases
Recent Zimbabwe Court cases Comments provided by TaxMatrix (Pvt) Ltd – http://taxmatrix.co.zw/wp-content/uploads/2016/01/December-2015-MTU.pdf Care International- An employee causes a loss to the entity but loss also aggravated
Nigeria: Budget for 2016 – details
Nigeria Report from Emily Muyaa, IBFD Senior Research Associate Budget for 2016 – details Details of the Budget for 2016 (see Nigeria-1, News 22 December
S.Africa/Netherlands DTA judgment translated by Google – Court judgment: Dutch DWT tax to South Africa reduced from 5 to 0{780f53c297e2c008074d23b865a0ce0b35a4f08852d8e1e49466a5a902c4e44e} under most favourite nation clause.
Court judgment: Dutch DWT tax to South Africa reduced from 5 to 0{780f53c297e2c008074d23b865a0ce0b35a4f08852d8e1e49466a5a902c4e44e} under most favourite nation clause. Permanent link: Instance Court Zeeland West Brabant
South Africa: SARS Amendments To The Trust Income Tax Return For 2015
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... Amendments To The TrustA comprehensive look at trusts in international tax law, including definitions, practical examples, key cases, and synonyms. Income TaxIncome Tax is a direct levy imposed by governments on the income generated by individuals, corporations, and other entities within a specific jurisdiction. It serves as a major source of revenue for governments and funds various public expenditures, such as infrastructure projects, healthcare, education, national security, and welfare programs. The tax is generally calculated as a percentage of the taxable...Tax ReturnA Tax Return is a formal statement filed by an individual or entity that details income, expenses, and other pertinent tax information to a tax authority. Its primary purpose is to assess tax liability, determine refunds owed, or highlight outstanding taxes due. Tax returns may include information about earnings, capital gains, allowable deductions, and credits, depending on the tax regulations... For 2015 Last Updated: 2 December 2015 Article by Jenny Klein ENSafrica During the 2014
South Africa: The Implementation Of BEPS – How It May All Come Together
South Africa: The Implementation Of BEPSBEPS stands for "Base Erosion and Profit Shifting". BEPS refers to tax avoidance strategies used by multinational enterprises (MNEs) to exploit gaps and mismatches in the international tax system. By shifting profits from high-tax jurisdictions to low- or no-tax locations, MNEs reduce their overall tax burden, even if little to no economic activity occurs in the low-tax jurisdictions. These practices erode... – How It May All Come Together Last Updated: 2 December 2015 Article by Esther Geldenhuys ENSafrica We are
South Africa: Proposed Amendments To The Rules Of Prescription – Does This Leave A Taxpayer With Any Certainty?
Last Updated: 2 December 2015 Article by Robert Gad and Taryn Solomon ENSafrica A fundamental reason for the existence of the rules of prescription in
S.Africa: South Africa Revenue Service Publishes Guide on Taxation of Nonresidents Working in South Africa
South Africa Revenue ServiceTax 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
S.Africa: TRM Daniel Erasmus Tax Court Practitioners WIN another tax case
Tax update – TRM Daniel Erasmus Tax Court Practitioners WIN another tax case http://www.financialmail.co.za/opinion/ingoodfaith/2015/10/29/in-good-faith-sars-told-to-stop-bullying RECENT FINANCIAL MAIL ARTICLE In Good Faith: SarsThe South African Revenue
S.Africa: Announcing a NEW handbook on tax audits to be published – here is the PREFACE
If you are interested in this NEW handbook on tax auditsA Tax AuditA Tax Audit is a comprehensive review or examination conducted by a government’s tax authority. The primary objective of a tax audit is to verify the accuracy of a taxpayer's financial records, tax returns, and overall tax compliance. This process ensures that the reported income, expenses, and deductions align with the applicable tax laws and regulations. Tax audits serve as... is a comprehensive review or examination conducted by a government’s 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....