Special Economic Zones in South Africa face a critical VAT discrepancy that can cost operators up to 15% of government grant funding. The inconsistent treatment between designated entities under Section 8(5) and other vendors under Section 8(5A) creates a two-tier system that directly impacts infrastructure delivery and investment readiness across the SEZ programme.

Financial institutions will face a greater burden of information reporting for clients who are US citizens and hold assets in South Africa.

As Head of Business Consulting, I've been inundated with queries from concerned business owners some of whom have been affected by the unrest in KZN and Gauteng.

The 2022 fiscal year began in Benin with the entry into force of Law No.2021-15 of 20 December 2021 on the General Tax Code of the Republic of Benin.

The proposed amendment in paragraphs 2(1)(a) and (b) of the Fourth Schedule to the Income Tax Act No. 58 of 1962, aims to remove the distinction between resident and non-resident employers.

In response to the recent civil unrest in KwaZulu-Natal and Gauteng and the extensive damage and destruction to property, the International Trade Administration Commission of South Africa (ITAC)...

Much of this growth is driven by a shift in strategy: international companies, particularly in the manufacturing sector, are seeking to acquire local businesses to manage costs, hedge against global volatility...

SARS Excise division has published a second draft to amend rules under sections 21 and 60 of the act relating to the creation of a new warehousing type as "special customs and excise storage...

The COVID-19 pandemic has caused an unprecedented level of disruption to the hotel industry. As a result of the local lockdowns and travel restrictions many hotels have been forced to close...

South African taxpayers commonly form companies in foreign jurisdictions to seize investment and expansion opportunities.

In February this year SARS published a Draft Interpretation Note on the determination of taxable income of certain persons from international transactions covering intra-group loans.

The South African tax system, just like many other tax systems around the globe, substantially operates on selfreporting or self-assessments.

According to the UN Conference on Trade and Development (UNCTAD) in a report published in September 2020, Africa loses about US$88.6 billion in illicit capital flight...

Among the innovations of this Finance Act 2022, various measures to strengthen the fight against money laundering and terrorist financing in Burkina Faso have been adopted.

As we wrap up this month dedicated to internal auditors, it's time to focus on the inspiring journey and future potential of women in the internal...

Azwinndini Magadani a Partner in the Tax business at SNGGT published the article named 2023 Budget analysis on 23 February 2023.

National Treasury has issued a discussion paper on the "Taxation of Electronic Nicotine and Non-Nicotine Delivery Systems".

In today's rapidly changing business landscape, innovation has become an indispensable driver of success. However, the professional services industry, encompassing areas like...

VAT is generally chargeable at a normal rate of 15% when the services or goods sold are not zero rated or Exempt.

In a significant development in global tax diplomacy, the United States (U.S) has agreed to drop proposed Section 899 retaliatory taxes as part of an international accord under the OECD's Pillar II framework.