How does Ebola affect business and the economy in Africa?

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.

The Discussion Draft on Transfer Pricing has been released. 19 July 2013, the OECD published the Base Erosion and Profit Shifting (BEPS) Action Plan, following the G20’s concern that current international tax rules and frameworks are inadequate to counter the perceived tax avoidance by multinationals.

The Taxation Laws Amendment Bill 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.

In the calendar year 2012, the local private equity industry added 10.4% to its total funds under management, which closed at R126.4 billion.

In the calendar year 2012, the local private equity industry added 10.4% to its total funds under management, which closed at R126.4 billion.

With a population of one billion and an economy likely to double in size from US$2 trillion to US$4 trillion before 2025, Africa has quickly emerged as the next economic driver for the global economy.

The Bank Statement is KPMG’s IFRS Banking Newsletter produced by the International Standards Group and IFRS banking specialists around the KPMG network.

The Foreign Accounts Tax Compliance Act had a very controversial reception by the global financial services community, and saw a robust lobbying effort against its more onerous obligations.

A light at the end of the tunnel provides a thorough review of the regulatory landscape globally, while providing greater insight into key trends and the impacts on the investment management industry.

In Europe especially, the global economic downturn has hurt many pharmaceutical companies who have struggled to be reimbursed for their medicines.

Last year, the Organisation for Economic Co-operation and Development, a highly influential global body that directs economic policy among the world’s wealthiest nations, announced an initiative to combat so-called co-called Base Erosion and Profit Shifting.

According to the 2013 KPMG Cross-Border Investigations survey of sixty global executives, ninety percent indicated that the number of cross-border investigations have either increased or remained the same over the last year.

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.

A taxpayer can apply to the South African Revenue Service for a binding ruling if the application of legislation is uncertain.

Specific rules have now been introduced in relation to electronic record-keeping, following the introduction of the Tax Administration Act.

Technology executives worldwide believe that the United States and China are the top two countries with the greatest potential to drive technology breakthroughs that will have a global impact in the next four years, according to the Global Technology Innovation survey by KPMG LLP, the audit, tax and advisory firm.

Long-term elder care languishes among the priorities of national healthcare agendas worldwide, according to new report from KPMG’s Global Healthcare practice.

At the end of September 2013, after months of debate and consultation, Cabinet announced its approval of the "credit information amnesty" proposals.

The Department of Public Works and the South African Graduates Development Association have partnered with the Transport Education and Training Authority, KPMG, Nedbank and Old Mutual to provide employment for 64 graduates across the country.