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In February 2013, the Organisation for Economic Cooperation and Development published a report, Addressing Base Erosion and Profit Shifting, in which it stated the view represented by the OECD member countries on the matter.

Many countries worldwide seek to avoid the loss of tax revenues to what has become commonly known as low-tax jurisdictions or tax-havens.

The Mauritius Ministry of Finance and Economic Development on published a communique announcing that the new double tax agreement signed between Mauritius and Rwanda.

The promulgation of the Tax Administration Bill is set to have serious and significant ramifications for taxpayers in South Africa with the South African Revenue Service (SARS) soon to be granted the power to search and seize relevant material without the need for a warrant.

Many of the BEPS outputs relate to tax treaties and will not be effective until the relevant bilateral tax treaties are amended.

For many years there has been a debate as to whether a company can incur a cost in relation to the acquisition of an asset or the incurral of operating expenditure, where it pays the supplier by issuing its own shares.

The South African Taxation Laws Amendment Act, 2017 was signed into law on 18 December 2017 and made some notable changes to the tax regime.

We are heading into the last month for taxpayers to avail themselves of the VDP provided for in terms of the Voluntary Disclosure Programme and Taxation Laws Second Amendment Act ("the VDP Act").

Deductibility of environmental expenditure in respect of assets acquired under an asset for share transaction (BPR 093).

On 24 February 2021, the then Minister of Finance, Tito Mboweni, announced that the corporate income tax rate would be reduced to 27%.

As artificial intelligence increasingly performs tasks once carried out by human workers, governments face a fundamental challenge: tax systems designed around employment-based revenue are under pressure. With more economic value flowing to technology and capital rather than through traditional payroll structures, policymakers must confront difficult questions about how automation should be taxed and whether current incentives inadvertently encourage workforce reduction.

Individuals emigrating from South Africa have often been under the impression that once they have left, they are then no longer liable to pay taxes in South Africa.

The 2018 Budget Review contains a number of proposals that will impact businesses operating in South Africa.

Recent amendments contained in the 2011 Draft Taxation Laws Amendment Bill ("DTLAB") propose bringing about widespread changes. Part III of the Income Tax Act No. 58 of 1962 ("the Act") that deals with roll-over relief provisions is no exception.

The increase in the dividends tax upon distribution of company profits to 20% may however impact on business structures that rely heavily on dividend flows.

Tax authorities worldwide have certain powers aimed at enabling them to verify information submitted by taxpayers and the administration of tax legislation in their respective jurisdictions.