213 results found

AFRICA: African Tax Administration Forum publishes COVID-19 Pandemic Tax Administration and Policy Developments Guide

An issue considered by the OECD as part of its BEPS reports is that of "treaty shopping".

Loans between companies and their shareholders, or other group companies are a common method of providing finance in the South African corporate environment.

The taxation of gains realised by directors and employees under share incentive schemes was previously governed by the provisions of s8A of the Income Tax Act, 1962 ("the Act"). That situation has changed with the introduction of the Revenue Laws Amendment Act 32/2004 ("the Amending Act") which was promulgated on 24 January 2005. The Amending Act contains far-reaching changes to the old regime.

Elite and professional sport has entered a new era, one driven by wearable technology, advanced analytics and AI‑enabled performance monitoring. Tools such as GPS tracking, heart‑rate analysis...

The South African private equity industry is well established and, by emerging market standards, is relatively sophisticated.

On 29 September 2023, the African Tax Administration Forum ("ATAF") released its revised Suggested Approaches to Drafting Domestic Minimum Top-up Tax ("DMTT") Legislation in order to promote fair...

Below, please find issue 126 of ENS' tax in brief, a snapshot of the latest tax developments in South Africa.

A summary of the most recent tax related updates in Africa.

This is an application for the setting aside and substitution of the determination by the Commissioner for the South Africa Revenue Service...

An overview of Presidential Legislative Decree no 2/14 of 20 October 2014 revising the Investment Income Tax Code was published in our November 2014 newsletter.

We are often spoken of as an economy with high levels of debt. Even when interest rates are high, we have never been scared of gearing ourselves so that we can buy that expensive car or holiday house in Hermanus. Companies too often have high levels of debt

This issue of ENS' tax in brief provides a comprehensive snapshot of the latest tax developments in South Africa, including VAT notices, SARS publications, advance tax rulings, and customs and excise updates. The bulletin covers critical updates on VAT modernisation consultation, binding private rulings on employee incentive trusts and loan claim distributions, and tariff amendments affecting traveller allowances and agricultural tire imports.

In accordance with indications in the Budget, this year's tax amendments focus strongly on international tax matters.

Burkina Faso signed a foreign investment protection agreement (IPA) with Canada on 20 April 2015 in Ottawa.

The Tax Administration Bill ("TAB") was passed by parliament (including the National Council of Provinces) on 7 December 2011 and the status of the TAB on the Parliamentary Monitory Group website is currently "to be sent for assent".

In order to address the effects of the 15% increase in fuel prices which came into effect on 3 February 2024, the following ad hoc tax changes have been announced through a public notice...