06/24/2015
New South Africa double tax treaty will affect Mauritius holding company structures, said expert
The new treaty does not change the maximum rate of withholding tax on dividends of 5%
Tax
06/24/2015
Mauritius deepens its commitment to fight international tax avoidance and evasion
It is the seventh member of the African Tax Administration Forum to join the Convention and becomes the 87th jurisdiction participating to this truly global instrument to fight international tax avoidance and evasion.
06/24/2015
Gambia: MPs ratify tax avoidance accords with Qatar, Turkey
The Majority leader and member for Serrekunda East, Fabakary Tombong Jatta, described the bill as necessary, timely and beneficial to Gambia’s quest for economic prosperity.
06/19/2015
Banks in tax havens like Switzerland and Mauritius to run checks on Indians looking to open black money account
This comes as the Narendra Modi government implements a tough regime to root out unaccounted wealth.
06/18/2015
Cyprus And South Africa Protocol On The Double Tax Treaty Raises Optimism On Bilateral Relations
This Protocol paves the way for growth and enhanced business opportunities between both countries
06/18/2015
New tax treaty with Mauritius may affect cross-border investment
THE new double-tax treaty between SA and Mauritius is set to come into force in January next year, following a controversial renegotiation to better protect the South African tax base.
06/17/2015
Nigeria, Singapore to Sign Air Services, Tax Agreements
Nigeria and Singapore have concluded plans to sign agreements to strengthen their bilateral air services and curb double taxation on investments in both countries.
06/12/2015
Nigeria Sends Clear Signal of Getting Serious on Tax Evasion, Avoidance
Thus, it is a major development that the Nigerian government finally has ratified the Convention on Mutual Administrative Assistance in Tax Matters.
06/10/2015
Netherlands Ready to Shed Double Taxation With Kenya
The Netherlands is ready to sign the long awaited agreement on double taxation with Kenya, to cut the cost of trade, its ambassador Joost Reintjes said yesterday.
06/09/2015
Tax consequences of foreign companies rendering services in South Africa
Where a foreign company renders professional services to a South African company, it is important that the foreign entity considers whether, as a result of rendering such services, the foreign company will create a permanent establishment in South Africa.
06/08/2015
Tax consequences of foreign companies rendering services in South Africa
Where a foreign company renders professional services to a South African company, it is important that the foreign entity considers whether, as a result of rendering such services, the foreign company will create a permanent establishment in South Africa.
06/02/2015
The Mauritius Revenue Authority enters into Memorandum of Understanding with the South African Revenue Service
The understanding was reached in relation to the below factors to be considered when endeavouring to settle the question of dual residence
05/25/2015
KRA loses tax demand case against Barclays
The Kenya Revenue Authority has lost a tax demand battle against Barclays Bank of Kenya after the High Court ruled that its classification of royalties is vague
05/22/2015
Taxation of interest - the complex web
The number of provisions contained in the Income Tax Act, 58 of 1962 (“the Act”) which deal with tax treatment of interest income and interest expenditure have gradually increased over time.
05/22/2015
Ability of SARS to request information from a taxpayer by Peter Dachs, ENS Africa
The South African Revenue Service (“SARS”) often sends out information requests in terms of section 46 of the Tax Administration Act. The question arises, in what circumstances SARS is permitted to ask such questions and what limits exist in r
05/22/2015
Do we pay too much income tax in South Africa?
In the 2016 tax year (1 March 2015 – 29 February 2016), South Africa’s highest tax rate increased to 41%
05/21/2015
Clamping down on SA’s big tax dodgers
Davis said high-net-worth individuals could also be targeted.
05/14/2015
How SA could collect more tax revenue
Judge Dennis Davis considers potential sources.
05/13/2015
Online tax laws holding SA companies back
Globally, there have been numerous reports regarding multinationals that pay little or no tax in the markets
05/06/2015
The conundrum of the interplay between interest deduction limitations, interest withholding tax and double tax agreements
The deductibility of interest has for years been a contentious issue and this has been reaffirmed with the introduction of section 23M into the Income Tax Act No 58 of 1962 with effect from 1 January 2015