Archive | SADC

More than one way to skin a cat? High Court considers SARS’ power to issue reduced assessments

by Cliffe Dekker Hofmeyr  Introduction Under Section 93 of the Tax Administration Act (28/2011), there are five circumstances under which the South African Revenue Service (SARS) may issue a reduced assessment in order to reduce a person’s tax liability. While Section 93 makes it possible to ‘skin a cat’ (ie, reduce tax liability) in more […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

The Tax Ombud’s Report is in and the results are few. Is the office of the Tax Ombud doing its job?

The Tax Ombud’s Report is in and the results are few. Is the office of the Tax Ombud doing its job? Cliffe Dekker Hofmeyr South Africa October 19 2018 What is the Tax Ombud supposed to do? Following the lead of international best practices, the South African OTO is modelled on the Tax Ombud systems of […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Impact of China’s investment on the South African tax base

ENSafrica South Africa October 3 2018 The news that China has committed to invest approximately R200-billion in South Africa was greeted with much fanfare throughout the country. Approximately ZAR33-billion of this will constitute a loan to Eskom, which is particularly good news given the funding requirements of the entity. A loan will also be advanced to […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Tax returns: when does prescription commence to run?

Introduction Section 99 of the Tax Administration Act (28/2011) addresses the limitation periods for issuing assessments. More specifically, Section 99(1)(b) provides that, in the case of a self-assessment for which a return is required, the South African Revenue Service (SARS) cannot issue an additional or reduced assessment after five years from the original assessment’s ‘date […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Transfer pricing disputes to threaten big companies’ profit growth

Transfer pricing disputes to threaten big companies’ profit growth Postgraduate Diploma in Transfer Pricing | Starts 29 Oct 2018   Transfer pricing related tax disputes are the most common source of conflict expected to wipe out half of the profit growth of top US companies*. This trend is global and companies might not be able to escape regulators’ fury […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

S.Africa: When does tax avoidance apply

By ENSAfrica Groups of companies often wish to restructure or rationalise their operations. This generally involves a transfer of companies and/or assets between various entities. There are many commercial drivers for such transactions. There are also a variety of ways in which the group can achieve its commercial goals. Depending on how the transactions are […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Blockchain explained in a 1000 words

https://blog.goodaudience.com/blockchain-explained-in-1000-words-6bb83020b036  

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Zimbabwe slaps ‘catastrophic’ tax on electronic transactions

Zimbabwe slaps ‘catastrophic’ tax on electronic transactions Zimbabwe’s newly appointed Finance and Economic Development Minister Mthuli Ncube has announced a 2 cents per dollar tax on electronic transactions as the country moves to widen its tax base. “I hereby review the Intermediated Money Transfer Tax from 5 cents per transaction to 2 cents per dollar […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Africa: Internet taxes

The growth in online media platforms has caught a number of African countries off guard. Some, including Kenya, Tanzania, Uganda, and Zambia, have taken steps to control online activity – the playground for the shadow economy. The approaches have ranged from introducing new taxes to passing new restrictive laws and internet taxes. George Ogola warns […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia

Canada: TP case – Cameco’s Canada Tax Court Victory Brings Relief for Companies

Canada: Cameco’s Canada Tax Court Victory Brings Relief for Companies • Court rejects government’s arguments of “sham” transactions • Lawyers divided on whether ruling harms OECD base-erosion reforms By Peter Menyasz Companies should rest easy knowing that they can arrange their tax affairs as they see fit—as long as the approach is legal—after uranium giant Cameco Corp. […]

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Posted in Africa, Courses, FP Carousel, FP News, Nigeria, SADC, South Africa, Transfer Pricing, West Africa, Zambia