In-depth technical tax knowledge and our understanding of how tax fits into the wider business picture.
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 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.
Promises of job creation, fighting poverty, unemployment and government improving its service delivery mechanisms took centre stage in Finance Minister Pravin Gordhan’s Budget speech.
While KPMG did not anticipate major Tax changes in the current year, the complexity and challenges of the existing Tax environment means that it is time for Tax to be a board room level topic again
The taxation of share incentive scheme benefits has been the subject of a whopping eighteen binding rulings published on the SARS website. It will be no surprise if there is more detail in the 2014 budget.
It is widely expected that some changes to combat so-called base erosion and profit shifting (Beps) will be made to the South African tax system in Budget 2014, according to Barry Ger of KPMG.
Pravin Gordhan really can't rock the boat very much, says Lullu Krugel, KPMG economist, during an interview with Hilton Tarrant on Moneyweb Radio.
Finance Minister Pravin Gordhan’s Budget speech will likely focus on spending, says KPMG’s Cuma Limekaya
Carolyn Chambers, KPMG Tax Director, discusses how employees tax is affected by changes Treasury to and SARS. Legislation over the years has changed to focus on more accountability on the payment of employees tax directors and companies.
Reduce tax rates to grow the economy and increase tax collections, says Yasmeen Suliman, director corporate tax at KPMG, who believes that a move like this could be the legacy that Pravin Gordhan leaves behind in his 2014 budget speech.
Yasmeen Suliman, KPMG tax director, has called for more concrete ideas on how to put the proposed job subsidy into place without compromising existing jobs.
The South African government should reduce tax rates to grow the economy and increase tax collections, according to Yasmeen Suliman, director corporate tax at KPMG.
The tax debate, internationally and in South Africa, is progressively focusing on closing perceived tax loopholes (in order to boost collections) and increasing self-assessment through vigorous auditing by the tax authorities.
The tax debate is increasingly focusing on closing perceived tax loopholes (in order to increase collections) and increasing self-assessment through vigorous audit by SARS of the satisfaction of their compliance requirements by taxpayers.
The reduced tax revenue target of R895bn for the fiscal year ending March 30 will not be achieved given the expected drop in tax revenue, tax commentators say.
It is well known that the growth of the South African economy is languishing, and that unemployment levels are dangerously high. Without real economic growth, it is unlikely that sufficient sustainable jobs will be created.
Consequent on the Action Plan, the OECD recently published a discussion draft (OECD Discussion Draft on Transfer Pricing Documentation and Country by Country reporting), which addresses BEPS Action Point 13.
Historically, the processing of ore was a contentious issue from a diesel refund perspective, due to the various interpretations held by SARS and industry participants in the diesel refund scheme.
Tax implications in relation to the assumption of contingent liabilities in part settlement of the purchase price of assets acquired as part of a going concern.
Tax directors around the world are shouldering the impact of fundamental changes in attitudes and approaches to tax.
South Africa Taxes and incentives for renewable energy
KPMG’s Tax leaders address the questions that matter and put their views on video.
Investment Fund Seminar
SARS issued Binding General Ruling 14 (BGR14) on 22 March 2013, which deals with the VAT treatment of supplies in the short-term insurance industry.
The South African Revenue Service (SARS) recently issued BGR 14 in respect of the VAT treatment of supplies made and received by short-term insurance companies.
The Global tax environment has been evolving, and the speed of this evolution has picked up at a rapid pace.
The impact of the Mineral Petroleum Resources Royalty Act No. 28 of 2008 (“Royalty Act”) on coal mining companies in South Africa has been subject to substantial debate (and legislative amendment) since the Royalty Act came into effect.
The Taxation Laws Amendment Bill (B39 of 2013) (“TLAB”) confirms the introduction of interest withholding tax at a rate of 15% as from 1 January 2015 which applies in respect of interest that is paid or that becomes due and payable on or after that date.