SARS recently announced that certain changes were introduced to the ITR14 in respect of the 2014 year of assessment.
In line with other countries in the world, South Africa has detailed REIT tax legislation in place, which was introduced with effect for tax years of assessment commencing on or after 1 April 2013.
KPMG, in South Africa since 1895, has been intrinsically linked with the evolution of Tax since it’s start in 1914. KPMG is proud to be a sponsor of the UCT 100 years of Income Tax celebratory event
On 31 October 2014, the COMESA Competition Commission published its 2014 Merger Assessment guidelines which provide much needed clarity in so far as merger control is concerned.
Deborah Tickle, KPMG Director in Global International Corporate Tax and Transfer Pricing Services joins a ClassicFM panel discussion about the 2014 The Medium-Term Budget policy statement issued on 28 October by Minister of Finance Mr Nhlanhla Nene.
The Taxation Laws Amendment Bill (TLAB), tabled in parliament on 22 October 2014, contains welcome changes to the provisions of section 23M of the Income Tax Act (ITA), due to come into operation on 1 January 2015.
The Treasury’s delay in implementing retirement reform has been met with dismay by some industry players, who view the proposed changes as crucial to improving SA’s low savings rate.
On 16 October 2014, National Treasury announced, through a Media Statement, the postponement of phase 1 to March 2016, possibly even March 2017.
Many taxpayers took the opportunity to “come clean” with SARS with an array of penalties and interest been waived. As per the SARS website, the last eight (8) VDP1 applications will be finalised shortly.
KPMG is hosting its annual mining tax and mining law seminar on 29 October 2014. We look forward to seeing you there!
If you need to understand the ways in which the TAA will change, and what motivates SARS to make these amendments, then you need to attend the TAA Update hosted by KPMG.
South African Immigration Regulations, published in a the Government Gazette on 26 May 2014, introduce a significant amount of change and global mobility professionals dealing with immigration matters.
Invitation to the Retirement Reform Event, Wednesday, 1 October 2014 at Johannesburg Country Club, Woodmead.
The concept of reportable arrangements was introduced in 2005 to require early disclosure to SARS of certain types of transaction that may give rise to tax avoidance concerns so as to enable SARS to investigate them timeously.
KPMG will be hosting a seminar on ‘VAT on Short-Term Insurance’ on 16 September 2014 to help you better understand the VAT treatment to be followed in the short-term insurance industry.