In-depth technical tax knowledge and our understanding of how tax fits into the wider business picture.
The South Africa Revenue Service (SARS) released the new income tax returns for companies (ITR14), which included a new section encompassing questions and disclosure for transfer pricing and thin capitalisation
A brief look at SARS new penalty regime and the way in which it will affect South African taxpayers
KPMG looks at the National Budget Speech’s implications for delivery on the National Development Plan - KPMG
Mining companies seeking certainty on tax issues | KPMG
Practical points for Pravin Gordhan; make it easy for taxpayers to get on the tax register with SARS.| KPMG
Moses Kgosana, Chief Executive Officer of KPMG in South Africa.
The 2013 budget speech may reflect a continued focus on regulating transactions that have the effect of eroding South Africa’s tax base - KPMG
Specific rules have been introduced in relation to electronic recordkeeping, following the (TAA) - KPMG
Will South Africa’s taxpayers face an unabated onslaught in this year’s National Budget Speech?
South Africa budget speech pension tax relief savings Pravin Gordhan
Escalation of tax audits and disputes| KPMG
Since the enactment of the Foreign Account Tax Compliance Act (FATCA) in March 2010, the IRS issued several rounds of preliminary guidance prior to the release of proposed regulations on February 8, 2012.
Africa is the world’s second largest and second most populous continent, after Asia. It is rich in minerals and in desperate need of infrastructure.
Five years ago, attractive research and development (R&D) income tax allowances were made available to those taxpayers that conducted research or were involved in the devising, developing or creating any invention, design or computer program.
The 2011/12 budget speech by the Minister of Finance, Pravin Gordhan, highlighted tax relief for qualifying industrial policy projects, as part of the priority programmes required for implementing the New Growth Path.
The Finance Minister, Pravin Gordhan, emphasised in the 2011 budget speech that the Government’s aim is to put development first and not dependence on welfare.
In terms of certain lease agreements the lessee may be obliged to effect improvements to the leased asset either by erecting a building on the land or improving an existing building.
For certain taxpayers the completion of the assets and liabilities section of the tax return is mandatory.
To modernise transfer pricing regulations and tackle potential tax collection deficits, SARS is focusing on problem areas.
Including summaries from over 60 countries around the world, Thinking beyond borders will assist clients in identifying compliance matters affecting extended business travelers, and developing an approach tailored to their particular organization.
Two court cases have held that where a company transfers contingent liabilities, so-called “provisions”, to another company...
When businesses acquire assets, there are various options that may be applied in order to finance the assets.
The aim of the amendments is to provide simplicity and certainty with regard to determining amounts attributable to the South African resident.
The Companies Act 71 of 2008, as amended by the Companies Amendment Act 3 of 2011, and the Companies Regulations 2011 came into effect on 1 May 2011.
The Companies Act, No 71 of 2008 became effective on 1 May 2011. The Act has sought to modernise and ‘simplify’ company law, but there have been numerous changes to regulatory, accountability, transparency and governance requirements.
The Minister of Finance, Pravin Gordhan, announced the Tax and Excon Voluntary Disclosure Programme (VDP) in his budget speech in February 2010.
The Minister of Cooperative Governance and Traditional Affairs set the official date for the municipal elections as 18 May 2011.
The Competition Commission announced on the 1st of February 2011 that a fast-track settlement process has been made available to construction firms.
There have been a number of developments in regard to the Consumer Protection Act of 2008 (CPA) which is due to take effect on 31 March 2011. In this regard, the National Consumer Commission was officially launched on 11 March 2011.
In April 2010, the “General Code of Conduct for Authorised Financial Services Providers and Representatives Amendment Notice” was gazetted.
There is still uncertainty about the effective date of the new Companies Act, 2008 (New Companies Act). The Minister of Trade and Industry, indicated that there is still commitment to an effective date of 1 April 2011.
An easy-to-read pocket reference guide following the Budget Speech by Minister Pravin Gordhan.
Business should be alert to the implications of the 2011 Budget speech, which allocated the numbers to a range of priorities in the public domain.
Dermot Gaffney, Head of Indirect Tax, shares his thoughts on the ongoing increases in sin taxes.
The financial crisis and subsequent economic downturn has led many financial institutions to re-evaluate their business models and activities to try to enhance the use of increasingly scarce resources.
Keeping the tax system ‘pure’ should be policymakers’ first priority and direct targeting mechanisms should be sought to address economic imbalances.
This report has been enhanced to feature an analysis of the survey results by several different factors: headquarters location, organization size, program size, and industry classification.
A roundup of insightful commentary on legislative changes, court decisions and policy determinations from 16 countries.
KPMG is delighted to present this report on the roll-out of high speed broadband and the approaches being taken by governments around the world.
An international study examining the views of business people around the world on the success or failure of their governments' economic stimulus programs, and on the best way to deal with the resulting public debt.