07/25/2016
The Panama Papers project, organized by the international journalists’ consortium, has involved more than 400 reporters around the world and has set off criminal investigations in many countries.
07/25/2016
The magnitude of the problem is evident in OECD research that conservatively estimates that between 4% and 10% of global corporate income tax revenues
07/25/2016
The notice was reportedly sent under the I-T Act's Section 131, which pertains to the powers of the I-T Department regarding investigation of individuals.
07/22/2016
The Treasury said instead of calculating two amounts non-compliant taxpayers now only needed to determine one amount.
07/20/2016
The Taxation Laws Amendment Bill 2016 has been released for public comment. It introduces various interesting amendments to South Africa’s tax law, which include the following:
07/20/2016
KENYA: Budget and Finance Bill 2016
07/20/2016
In October 2015, the Organisation for Economic Cooperation and Development (“OECD”) published its final reports on the Base Erosion and Profit Shifting (“BEPS”) project, including the final report on BEPS Action 13, Transfer Pricin
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.