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.
This brochure highlights which taxes qualify, SARS penalties, the process, timelines and costs attached to lodging a VDP application.
After widespread criticism and various comments and it has been proposed that South Africa’s transfer pricing legislation relating to Secondary Adjustments, be amended once again.
The South African legislative environment is constantly changing - often before business has become completely comfortable with its obligations under the preceding legislation; a challenge for any company director.
The 2014 Draft Tax Laws Amendment Bill (the Draft Bill) was published on 17 July 2014 includes various proposed amendments on a broad level, however the REIT tax proposals are rather disappointing.
Join us for a two-day seminar on issues and debates concerning Expatriate and Employee Tax legislations.
The recent decision of the Supreme Court of Appeal (“SCA”) in the matter of SARS v Pretoria East Motors (Pty) Ltd (291/12)  ZASCA 91 is important insofar as it deals with SARS’s obligations when conducting a tax audit.
In the 2014 Budget Speech, the Minister of Finance made specific mention of proposed amendments to the venture capital company (“VCC”) tax regime in order to enhance support for entrepreneurial development.
South African Immigration Regulations were published in a 272-page Government Gazette on 26 May 2014. This document highlights the recent changes in immigration regulation.
South Africa’s location, sizeable economy, political stability, overall strength in financial services and extensive treaty network make South Africa a location in which to establish a regional holding company.
Our comprehensive Tax Guide covers more than just the changes in the Budget, but aims to give you key insights into the various areas of taxation, and is a publication you can use throughout the year
Roula Hadjipaschalis, Partner in Corporate Tax, theorises on how an increase in Public-Private Partnerships (PPPs) would increase service delivery and help combat corruption
Robyn Berger, Head of International Tax, discusses why globalisation has facilitated the need for companies to have robust structures in order to withstand scrutiny by revenue authorities throughout the world.
A resident is defined in section 1 of the Income Tax Act No. 58 of 1962 (“the Act”). The definition includes a place of effective management test as one of the tests to determine the residence of a company.