12/09/2021
The tax collector said it will introduce changes to its systems from 1 March 2022 to prevent these taxpayers from accumulating large tax debts when they submit their income tax returns.
11/23/2021
SARS commissioner Edward Kieswetter is vice chair of the Africa Initiative of the global forum.
11/03/2021
The deadline for renewals on or before 31 December of each year
11/03/2021
The Tax Court Rules, do not explicitly address the question regarding whether, following delivery of an objection by a taxpayer, such objection can be amended to include new grounds of objection, thereby effectively granting the taxpayer a second bite at
11/01/2021
"This calls for a carefully calibrated set of policy and administrative measures that can grow revenues without discouraging investment."
10/22/2021
Investec issued these in its capacity as the pension funds' custodian bank.
10/19/2021
The company developed a prototype of the machine, which has passed several tests set by KRA after being submitted to the authority for tests on its efficacy, and now awaits licensing if it passes final test phases.
10/11/2021
The scion of Kenya's first president Jomo Kenyatta made an unsuccessful bid for the presidency as then ruling party Kanu's candidate in the 2002 election.
10/05/2021
Voluntary Tax Disclosure Programme cumulative revenue collected is Sh1.995 billion by September 30,” said Mr Mburu in a public notice yesterday.
09/29/2021
The primary issue in the appeal was whether SARS (as it contended and the Tax Court held) was precluded from granting approval for use of the transaction count ratio by vendor in respect of the period 1 March 2014 to 29 February 2016.
09/27/2021
In the article, it is stated that among other things, the Mauritius Revenue Authority (MRA) is targeting foreign trusts no longer exempt from income taxes.
09/24/2021
As a result, the presence of human intervention cannot be relied upon to exclude services from the ambit of the legislation.
09/20/2021
In response, the Mauritian government has assured that they will immediately remove themselves from the list by addressing the deficiencies in its AML-CFT Framework.
09/16/2021
“SARS will make it hard and costly for any taxpayer who willfully and intentionally seeks to break the law as we expect every taxpayer to meet their obligations and pay their fair share of tax,”
09/15/2021
There are several tax considerations which need to be kept in mind by taxpayers where the business is in financial distress and is no longer able to operate, or once liquidation proceedings have commenced and compromises are entered into with creditors.
09/15/2021
It is welcoming to note that various stakeholders are currently engaging with National Treasury and SARS in this regard.
09/15/2021
This equates to 2,500 PPS clients in the last year alone – while an estimated 9,000 taxpayers in the R750,000+ tax bracket have left the country over the last two years.
09/10/2021
“Narrowing the scope of the current grant to only those seeking active employment, not making it eligible for existing grant recipients, could be one such compromise.”
09/03/2021
Olaka said the contribution was achieved despite the 21.2 percent reduction in corporation taxes paid by the sector in 2020 relative to 2019.
08/19/2021
Against this backdrop, the Middle Eastern economies are battling lower oil prices and budget deficits, which in turn increase the pressure for fiscal receipts.