07/08/2020
Shailendra Sharma discusses an interesting case whereby an indirect share transfer triggered a sale by a Mauritius entity, with assets located in India, and the capital gains tax exemption under the India–Mauritius tax treaty could not be applied.
07/07/2020
After the supplementary budget was presented, Sishi indicated that Treasury could implement tax increases of R20 billion over the next two years.
07/05/2020
Chief Director in the National Treasury Edgar Sishi told the joint committees on finance this week that plans were afoot to tax the super rich.
07/05/2020
Tax havens also have favourable regulations and general ecosystem that makes starting a business easy and profitable.
07/01/2020
South African tax residents are required to pay tax in South Africa on their worldwide income.
06/30/2020
The Treasury also implemented tax reliefs from April to cushion businesses and workers from the economic shocks of the pandemic, which has sickened more than 6,000 persons and killed over 140, further thinning collections by KRA.
06/30/2020
Last October, the World Bank listed Nigeria among the economies with the most notable improvement in the Ease of Doing Business.
06/30/2020
The Treasury, Absa and Standard Bank declined to comment. Mboweni spoke to Standad Bank clients last week and Absa clients on Monday.
06/29/2020
The 2020 report covers 32 Global Forum member countries, and three non-members: Angola, Guinea Bissau and Malawi.
06/26/2020
We focus here on the Treasury tax on retirees even National Social Security Fund (NSSF) in a hunt for revenues, and by extension the underlying weakening of an already weak financial system.
06/25/2020
The ongoing COVID-19 crisis will completely end any tolerance towards all forms of tax evasion,” said Maria José Garde, Chair of the Global Forum
06/19/2020
FA19 introduced the SEP concept into Nigeria’s Companies Income Tax Act (CITA) for purposes of determining the scope of profits of nonresident/foreign companies (NRCs) that are deemed to be derived from
06/18/2020
In times of distress, people look to governments for information, direction and protection.
06/17/2020
Kenya lowered its VAT from 16 per cent to 14 per cent as proposed by the East African Business Council
06/09/2020
Balance sheet taxes can be materially more impactful than what taxpayers are expecting.
06/04/2020
Right now, there’s little scope to implement new taxes, including a wealth tax.
06/03/2020
The airline has run short of cash to finance its operations including maintenance of aircrafts, payment of leases and employee salaries.
05/19/2020
Government has introduced a new COVID-19 Levy applicable for the years of assessment commencing on 1 July 2020, 1 July 2021 or 1 July 2022 for employers (individuals, sociétés and companies) who have benefited from the Government Wage Assist
05/13/2020
ENSafrica recruited two accountants as tax executives in March.
05/08/2020
Under the voluntary tax disclosure plan, which shall run for three years with effect from January 1, 2021, the Treasury says those who declare pending liability and pay within one year shall enjoy 100 percent interest and penalty waiver.