Archive | October, 2015

Nigeria: Impacts of the OECD BEPS Project on companies operating in Nigeria

Impacts of the OECD BEPS Project on companies operating in Nigeria October 2015 by PwC, Nigeria In brief On October 5 2015, the Organisation for Economic Cooperation and Development (OECD) released its final Base Erosion and Profit Shifting (BEPS) package containing measures that will significantly change existing international tax rules. The report is the result […]

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Posted in Africa, Nigeria, SADC, South Africa, Transfer Pricing, West Africa0 Comments

S.Africa: Why the new MAP explanations of SARS are wrong!

What follows is the SARS version. The correct explanation appears below:   MUTUAL AGREEMENT PROCEDURE (MAP) What is a MAP? MAP is a procedure which allows the Competent Authorities or designated representatives of the Competent Authorities from the governments of the Contracting States/Parties to interact with the intent to resolve international tax disputes. MAP is provided […]

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S.Africa: Interpretation of the Tax Administration Act in the context of SARS’ powers to recover tax

Interpretation of the Tax Administration Act in the context of SARS’ powers to recover tax by Caroline Rogers The Tax Administration Act 28 of 2011 (“Tax Administration Act”) came into effect on 1 October 2012 (save for certain provisions that are still to come into force). This important piece of legislation seeks to incorporate into […]

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Posted in Africa, SADC, South Africa0 Comments