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    Welcome to the KPMG knowledge base of articles and publications that demonstrate our understanding of many of the complex business challenges and key issues faced by companies around the world.
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    ImageTitle/DescriptionArticle Date 
     

    Recent SARS Audit initiative

    SARS has implemented a new initiative concerning employees’ tax audits, aimed specifically at travel allowances, the employees’ tax treatment of remuneration paid to expatriate employees and employee share incentive schemes.
    Modified date: 2014/05/29
    Business and industry issue
     

    Proposed amendments to the mineral and petroleum resources royalty

    The Taxation Laws Amendment Bills, released by National Treasury on 10 May 2010 for comment, propose significant changes to the Royalty legislation.
    Modified date: 2013/05/14
    Business and industry issue
     

    The tax benefits of 'Going Green' – Part 2: Energy efficiency savings

    The more energy you save, the less tax you pay. Or, at least, that is the idea with the proposed section 12L insertion into the South African Income Tax Act.
    Modified date: 2013/05/14
    Business and industry issue
     

    KPMG Budget Tax Card - 2011/2012

    An easy-to-read pocket reference guide following the Budget Speech by Minister Pravin Gordhan.
    Modified date: 2013/05/14
    Business and industry issue
     

    Partnerships, permanent establishments and the problem of double taxation

    If a taxpayer of Country A earns income in Country B, which country has the right to tax it? Is it Country A or Country B?
    Modified date: 2013/05/14
    Business and industry issue
     

    Employee Share Schemes: Beware of the changes

    SARS seeks to make changes to one of the most complex areas in our tax dispensation, being the taxation of benefits obtained in terms of employee share schemes.
    Modified date: 2011/10/27
    Regulatory update
     

    Net interest (or interest factor) to vary the VAT standard method of apportionment in South Africa

    In South Africa, the only pre-approved VAT apportionment method is the standard turnover method. As the standard method may not be equitable, a vendor may apply for an alternative method.
    Modified date: 2011/09/29
    Business and industry issue
     

    New Administrative Penalties for Non-Compliance

    Section 75B gives SARS the power to impose administrative penalties in respect of non-compliance with any procedural or administrative action or duty imposed or requested in terms of the Income Tax Act.
    Modified date: 2011/09/08
    Business and industry issue
     

    Effective management is not always a good thing

    When Tax Advisors or SARS officials talk about ‘effective management’, they don’t mean how competent or capable a management team is.
    Modified date: 2011/07/04
    Business and industry issue
     

    Transfer pricing in a recession

    Leading economists have called the financial crisis of 2007 to 2010 the worst financial crisis since the Great Depression of the 1930s. Almost all major industries were affected by the crisis and the effects have been felt around the world.
    Modified date: 2011/07/04
    Business and industry issue