S.Africa: Big Brother is watching you
Big brother is watching you! DLA Cliffe Dekker Hofmeyr Lisa Brunton Global, South Africa February 13 2015 Even George Orwell, with his prophetic satirical insight,
Category: Africa
Africa: Various tax related updates
New Developments Nigeria: February 2015 Tax Calendar ß PwC Nigeria In this time of falling government revenue, there is a lot of focus on tax
S.Africa: Effect Of Taking Professional Advice On Imposition Of Understatement Penalties And Interest
South Africa: Effect Of Taking Professional Advice On Imposition Of Understatement PenaltiesUnderstatement penalties are financial sanctions imposed by revenue authorities when a taxpayer under-declares or underreports their taxable income, leading to a shortfall in taxes owed. These penalties aim to deter tax evasion, encourage accurate reporting, and maintain the integrity of the tax system. Penalties may vary based on the degree of culpability, ranging from negligence to deliberate intent to mislead.... And Interest Last Updated: 10 February 2015 Article by Beric Croome ENSafrica On
S.Africa: Changes to criteria considered by SARS when suspending payment of tax
Changes to criteria considered 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... when suspending payment of tax DLA Cliffe Dekker Hofmeyr Mareli Treurnicht South Africa January 30 2015 When the
S.Africa: Confusion regarding interpretation on tax (VAT) issues
Confusion regarding interpretation DLA Cliffe Dekker Hofmeyr Heinrich Louw South Africa January 23 2015 An interesting judgment was handed down in the Tax Court on
S.Africa: Transfer pricing documentation requirements due to change
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... documentation requirements due to change Hogan Lovells Michiel Els South Africa January 21 2015 The Davis Committee has made certain recommendations
S.Africa: Relationship between a VAT vendor and SARS
Relationship between a VAT vendor and 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... DLA Cliffe Dekker Hofmeyr Heinrich Louw South Africa January 16 2015 The Supreme Court of Appeal (SCA) recently
S.Africa: Tax Case – No evidence justifying penalty
No evidence justifying penalty DLA Cliffe Dekker Hofmeyr South Africa January 16 2015 On November 18 2014 the Tax Court ruled on AB (Pty) Ltd v
Nigeria: Tax Appeal Tribunal says withholding tax is due on dividends from gas profits – January 2015
Tax Appeal Tribunal says withholding tax is due on dividends from gas profits January 2015 In brief The Tax Appeal Tribunal (TAT) has ruled in favour of
South Africa: An update on tax avoidance principles in South Africa – January 2015
An update on tax avoidanceTax avoidance refers to the practice of legally structuring financial activities to minimise tax liabilityTax liability represents the total amount of tax owed by an individual or business to a tax authority, whether local, national, or international. This obligation arises through various forms of income, profits, or transactions subject to taxation laws and regulations. Understanding tax liability is essential for compliance and efficient financial management for corporations and individuals. It influences how businesses structure..., reducing the amount of tax owed