03/08/2019
The upshot is also that when you complete your South African or offshore bank’s CRS and/or FACTA forms, you can formally note yourself as non-resident for South African tax purposes.
03/05/2019
Dawie Roodt, chief economist of the Efficient Group, said consumers are also about to be hit by higher toll fees, new taxes, and hikes in three existing ones between March and June.
03/05/2019
The more common parlance used in tax investigations is ‘means test’ which is a way of ascertaining whether reported incomes over a period is sufficient to cover the person’s living expenses and other known payments.
03/04/2019
The South African stocks market is quite undiversified compared to others – if a dominant player like Naspers drops on the JSE, there’s a ripple effect.
03/01/2019
The U.K,.’s programs have included seconding HM Revenue & Customs inspectors to foreign governments.
02/28/2019
In total, Budget 2019 includes proposals to raise R15bn in additional tax revenue for the 2019/2020 financial year. This will boost total estimated tax revenues to R1.4trn in 2019/2020.
02/27/2019
“The corporate tax rate puts us outside of the range of competitiveness, with no real room to increase. No wonder our minister of finance cannot find any money.”
02/27/2019
The letter to authorities in Seychelles was one of six addressed to offshore territories recently by the Code of Conduct Group
02/25/2019
The committee also reported that the accumulation of tax arrears has been caused by the failure of the government to pay suppliers of goods and services
02/25/2019
As a result, high income earners have ended up in a situation where their take-home pay has not been keeping up with inflation.
02/22/2019
As tax rates increase beyond the optimal rate, tax revenue declines and the potential for distortion in the market is raised.
02/15/2019
While Kenyans have a right to become dual citizens, the Citizenship and Immigration Act declares that “every dual citizen shall disclose his or her other citizenship in the prescribed manner within three months of becoming a dual citizen”.
02/13/2019
The rate of banking remains low in the country
02/13/2019
The Convention provides all forms of administrative assistance in tax matters
02/11/2019
CBK, which last year instructed commercial banks to strictly enforce the requirement, has now joined in with the directive to buyers of Treasury bills and bonds to update their tax details.
02/07/2019
Lower rate could help attract investment but reduction is unlikely given the country’s fiscal position.
01/24/2019
As a result, the five-time Ballon d'Or winner was handed a two-year suspended prison sentence for his transgressions.
01/21/2019
A legislative amendment to SA expatriate tax law is set to come into effect on 1 March 2020
01/16/2019
The scheme used by Google, dubbed Double Irish, is a “base erosion and profit shifting” corporate tax tool used by US multinationals to avoid corporate taxation on their international profits.
01/08/2019
The law is expected to raise billions of shillings in additional revenue for the government