07/20/2016
The venture capital company (“VCC”) regime was introduced in 2009, with an aim to encourage investors, by way of substantial tax benefits, to invest in small South African trading companies.
07/18/2016
There have been mixed reactions to the taxation measure, however, with fears from some quarters the government is likely to pursue how the declared wealth was acquired or created.
07/15/2016
Governments should put in place laws to deal with corruption, money laundering and tax crimes.
07/14/2016
This is a major development impacting both Mauritian and Singapore investment structures which currently contribute around 50% of the foreign direct investment into India.
06/15/2016
Latest tax news from Africa
06/15/2016
Many of the BEPS outputs relate to tax treaties and will not be effective until the relevant bilateral tax treaties are amended.
06/14/2016
Taxpayers who take up this amnesty shall have all principal taxes, interests and penalties for the year of income, 2016 and the prior years automatically remitted in total.
06/13/2016
New trade agreement means country can export 110 million liters of duty-free wine.
06/12/2016
Member countries of the African Tax Administration Forum believe that while globalization generates greater opportunities for the increase of wealth
06/10/2016
Former Chase Bank directors have accused their auditors of professional ignorance that saw the bank pay a heavy price.
06/07/2016
The uproar generated by the Finance Minister’s controversial views was widespread
06/06/2016
Standard Bank pointed out that low income households already have very low disposable income before any expenditure is deducted.
06/01/2016
The difficulty with these taxes would be if they came in the middle of a financial year.
05/30/2016
But if Sars gets to them before the legislation is passed to provide for the amnesty, or before they come clean, they are in for a financial hiding.
05/27/2016
They can also issue “bearer shares”, a legal instrument banned in most countries because of the ease with which they can be used for tax evasion and money laundering.
05/25/2016
So far 79 of a total 560 offshore entities have been matched to 81 South African residents.
05/19/2016
NIGERIA: Tax Appeal Tribunal confirms that tax assessments are to comply with the enabling act
05/19/2016
Is the current international tax focus on base erosion and profit shifting (“BEPS”) relevant for tax-exempt pension funds?
05/19/2016
In 2014 and 2015, ENSafrica published two articles on the “most favoured nation clause” contained in article 10(10) of the protocol (“2008 Netherlands Protocol”) issued under the Netherlands/South Africa (“SA”) double t
05/19/2016
The judgment of the Supreme Court of Appeal (“SCA”), which established certain guidelines and principles regarding the claiming of input tax for value added tax (“VAT”) purposes in the Commissioner for South African Revenue Service