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With the budget statement looming large, editor Evan Pickworth asks ENSafrica tax executive Kazi Mbangeleli whether an increase in the corporate tax rate to 30%, or in the VAT rate, is on the cards.

Welcome back to all of you! January has come and gone and we are well on our way into 2022!

For those of us who have employee tax filing responsibility, I hope you managed to file the annual returns of total emoluments paid to employees in 2013 by 31 January 2014 as required by law.

On 24 September 2012 the Democratic Republic of the Congo (DRC) published some amendments to its tax legislation.

In line with pronouncements by the OECD relating to the Base Erosion and Profit Shifting Project, section 23M was introduced by the Taxation Laws Amendment Act, 31 of 2013.

South Africa's Minister of Finance has expanded the REIT regime to include unlisted property companies owned by institutional investors, insurers, retirement funds, state-owned entities, and listed REITs. The new framework establishes specific qualification criteria including asset composition thresholds, revenue requirements, leverage limits, and distribution obligations that these companies must meet to access the tax benefits previously available only to listed REITs.

One of the issues dealt with in a recent Tax Court decision was the deductibility of certain marketing and management fees paid by the taxpayer, to its local holding company.

In a far-reaching decision of the Supreme Court of Appeal (SCA) in Oilwell v Protec handed down on 18 March 2011, the court held that an assignment of a trade mark by a South African resident to a non-resident without obtaining prior Exchange Control approval was not a breach of the Exchange Control Regulations.

The survey reveals that forward-thinking tax directors face a difficult dilemma.

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.

The South African Revenue Service has changed the format of the annual income tax return to be submitted by corporates by replacing the IT14 form with the ITR14 form.

The Davis Tax Committee ("DTC") recently addressed the issue of base erosion and profit shifting ("BEPS") in South Africa.

A resident is defined in section 1 of the Income Tax Act No. 58 of 1962.

The participation exemption rules explained.

Accordingly, it is possible that in drafting the CbC legislation, SARS and National Treasury will make reference to the Australian legislation to implement CbC reporting which was enacted in December 2015.

In December last year, the Organisation for Economic Co-operation and Development (OECD) released the Pillar Two Model Rules as approved by the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS).