Archive | July, 2015

Zimbabwe: Institute of Certified Tax Accountants Seminar by Dr Daniel N Erasmus

Institute of Certified Tax Accountants Seminar on Transfer Pricing, section 98 of the Income Tax Act, the Constitution and the Administrative Justice Act (“AJA”) by Dr Daniel N Erasmus   Here are the documents from Dr Erasmus: 1. His PhD on taxpayer rights to read with section 63 of the Constitution and the AJA – 1A […]

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JOINT STATEMENT OF THE COMMISSIONERS GENERAL AND HEADS OF DELEGATION OF SOUTH AFRICA, BOTSWANA, LESOTHO, MOZAMBIQUE, NAMIBIA, SWAZILAND AND ZAMBIA TSHWANE – SOUTH AFRICA 16 JULY 2015

JOINT STATEMENT OF THE COMMISSIONERS GENERAL AND HEADS OF DELEGATION OF SOUTH AFRICA, BOTSWANA, LESOTHO, MOZAMBIQUE, NAMIBIA, SWAZILAND AND ZAMBIA TSHWANE – SOUTH AFRICA 16 JULY 2015 Cognisant of the large and damaging erosion of the tax base through the illicit financial flows from Africa and the detrimental effects thereof on the developmental goals of […]

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S.Africa: And neighbouring countries discuss beefing up tax enforcement

SA, neighbouring countries discuss beefing up tax enforcement Pretoria – The South African Revenue Services (SARS) has convened a forum of commissioners from bordering countries, including Swaziland, Lesotho, Zambia, Botswana, Namibia and South Africa to deliberate on core tax and customs issues. The forum debated issues linked to illicit financial flows, base erosion and profit […]

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South Africa: SARS Incorrectly Treating Objections As Invalid

South Africa: SARS Incorrectly Treating Objections As Invalid Last Updated: 13 July 2015 Article by Mmangaliso Nzimande ENSafrica In terms of section 104 of the Tax Administration Act No. 28 of 2011 (“the TAA”), a taxpayer who is aggrieved by an assessment made in respect of that taxpayer may object to the assessment. Furthermore, in […]

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S.Africa: Canadian judgment will apply to similar situations in S.Africa

In McNally v. Canada (National Revenue) (2015 FC 767), the taxpayer brought an application to the Federal Court for an order requiring the Minister to assess his tax return. The Federal Court allowed the taxpayer’s application and ordered the Minister to examine the taxpayer’s tax return and issue a Notice of Assessment within 30 days. Background The […]

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S.Africa: Davis Tax Committee seeks public input for First Interim Report on Estate Duty

Davis Tax Committee seeks public input for First Interim Report on Estate Duty 13 July 2015 Author: The Davis Tax Committee The DTC’s media statement on 13 July 2015 is calling for input for its first interim report on estate duty.  The report was drafted after taking into account various submissions and wide consultation. The […]

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S.Africa: FATCA: Incidences of non-compliance that are subject to a fixed amount penalty

FATCA: Incidences of non-compliance that are subject to a fixed amount penalty SARS has released Notice 597 in Government Gazette 38983, which lays out incidences of non-compliance under section 210(2) that are subject to a fixed amount penalty in accordance with sections 210(1) and 211. Please click here to access the notice (10 July 2015).

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Mauritius: Automatic Exchange Of Information In Tax Matters: Mauritius Is One Of The First African Countries To Sign Up

Mauritius: Automatic Exchange Of Information In Tax Matters: Mauritius Is One Of The First African Countries To Sign Up Last Updated: 8 July 2015 Article by Johanne Hague Juristconsult Chambers On the chilly autumnal afternoon of the 29th October 2014, in Berlin, representatives from 51 jurisdictions got together to sign the symbolic multilateral competent authority […]

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Tanzania: DTAs and Practical Issues and Insights

Double Taxation Agreements with Tanzania: Practical Issues and Insights Jul 10, 2015 ONE of the most immediate and obvious consequences of globalization is the impact of domestic tax policies in other countries on the economy of Tanzania. This has necessitated the continuous evaluation of the tax regime in Tanzania and brought about crucial fiscal and […]

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Namibia: Transfer Pricing update July 2015

In Namibia, Transfer Pricing Guidance Unclear Even as Auditors Undergo Training What’s New: Namibia is training staff for a transfer pricing unit it is creating within the Large Taxpayers’ Office of its Inland Revenue Department. Context: Audit enforcement currently is spotty and guidance is unclear as Namibia has not stated its position on the use […]

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Posted in Africa, Courses, SADC, Transfer Pricing0 Comments