Archive | March, 2015

S.Africa: TAA – SARS extends the list of reportable arrangements

SARS extends the list of reportable arrangements DLA Cliffe Dekker Hofmeyr Ben Strauss March 20 2015 The Commissioner for the South African Revenue Service (SARS) issued an important notice (SARS Notice) on 16 March 2015. The SARS Notice was published in terms of s35(2) and s36(4) of the Tax Administration Act, No 28 of 2011 […]

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About ZimLII | Zimbabwe Legal Information Institute

About ZimLII The Zimbabwe Legal Information Institute (ZimLII) Zimbabwe Legal Information Institute (ZimLII) is an independent not-for-profit Trust hosting an online repository of legal information from Zimbabwe and beyond. The organisation aims to provide for the knowledge needs of a growing group of people learning, aware and interested in the justice and legal framework of […]

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Mauritius: Mauritius Issues Guidance on FATCA Implementation

Mauritius Mauritius Issues Guidance on FATCA Implementation March 20 — The Mauritius Revenue Authority (MRA) has issued guidance notes to provide practical assistance to financial institutions, businesses, their advisers and officials on the application of the U.S. Foreign Account Tax Compliance Act (FATCA) to ensure that reporting requirements are met. Mauritius and the U.S. signed […]

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S.Africa: SARS cannot amend its grounds of assessment after the letter of assessment

ITC 13238 & ITC 13164 WCTC (8 December 2014) 17 March 2015 Author: Erich Bell (SAIT Technical) Introduction This case considers an application by SARS to amend its statement of grounds of assessment issued in terms of Rule 10 of the Rules promulgated in terms of section 107A of the Income Tax Act (No. 58 […]

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S.Africa: TAA Tax Clearance Certificates issued by SARS

South Africa: Tax Clearance Certificates Issued By The South African Revenue Service Last Updated: 11 March 2015 Article by Beric Croome of ENSAfrica The Tax Administration Act 28 of 2011 (“the TAA”) which took effect on 1 October 2012 contained provisions regulating the issue of tax clearance certificates by the South African Revenue Service (‘SARS’). Section […]

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S.Africa: Constitutional Court finds early proclamation of an Act was not rationally related to the purpose for which the power was given

IN THE CONSTITUTIONAL COURT OF SOUTH AFRICA President of the Republic of South Africa and Others v South African Dental Association and Another Case CCT 201/14 [2015] ZACC 02 Judgement Date: 27 January 2015 Media Summary The following explanatory note is provided to assist the media in reporting this case and is not binding on […]

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S.Africa and Qatar: DTA between Qatar and S.Africa signed

Report from our correspondent Lutando Mvovo, South Africa Treaty between Qatar and South Africa signed On 6 March 2015, Qatar and South Africa signed an income tax treaty, in Pretoria. Go to www.sars.gov.za to look at the DTA.

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S.Africa: A summary of the S.African WHT regime

South African withholding taxes 24 February 2015 Posted by: Authors: Magda Snyckers and Liesl Visser Authors: Magda Snyckers and Liesl Visser (ENSafrica) Over the past few years we have seen the introduction of various withholding taxes to the South African tax system. We set out below a high-level summary of the various withholding taxes that are levied in […]

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S.Africa: CFC rules to stay after latest budget speech

Controlled foreign company rules Webber Wentzel South Africa February 26 2015 Prior to 2012, certain so-called diversionary transaction rules existed which sought to impute into the income of South Africa residents, certain sales income derived by CFCs in relation to those residents, from the sales of goods that were sourced by the CFCs from connected […]

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Congo (Rep): Finance Law 2015 (part II) – Corporate income tax

Congo (Rep.) Report from Anapaula Trindade Marinho, IBFD Research Associate Finance Law 2015 (part II) – Corporate income tax The provisions of Finance Law 2015 (Law No. 48-2014 of 31 December 2014) have been made available to the public. Finance Law 2015 (the Law) introduces further tax amendments in addition to those reported on the […]

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