It’s complete: The Davis Tax Committee releases its final reports Cliffe Dekker Hofmeyr South Africa April 13 2018 On 12 April 2018, the Davis Tax Committee (DTC), issued a media statement (Media Statement) in which it announced the publication of four additional final reports and the conclusion of its work based on its Terms of Reference […]
S.Africa: Davis Tax Committee final reports April 2018 Read More »
Raising jurisdictional issues Cliffe Dekker Hofmeyr South Africa April 13 2018 Where a taxpayer is dissatisfied with the decision taken by the South African Revenue Services (SARS) regarding an objection made by the taxpayer to an assessment, the taxpayer is entitled to appeal against such decision to the Tax Court. The Rules of the Tax Court,
S.Africa Tax Court and Appeals: Raising jurisdictional issues Read More »
Details of the one-day conference: Global Tax Controversy – Workshop for Corporates
Tax Controversy Workshop (International Tax & TP) in Amsterdam 21 June 2018 Read More »
Download a copy here: US TP 2018 Coca Cola case petitioner’s pre-trial memorandum To understand the applicable TP principles applicable in the coca-cola case, read this: US Transfer Pricing and intangibles explained
US TP the pre-trial memorandum in the Coca-cola intangibles case and various articles Read More »
The defective SARS Notice of Intention to Appeal: REDACTED Appeal intention and TAA provisions_Redacted DRAFT application to the High Court: REDACTED xxx v SARS – Affidavit – 10 Apr 18
SARS issues new guide to understatement penalties – a march toward further certainty? Cliffe Dekker Hofmeyr April 6 2018 The Tax Administration Act, No 28 of 2011 (TAA) was promulgated with effect from 1 October 2012. The rationale behind the introduction of the TAA was that it would streamline, modernise and align the previous tax
SARS issues new guide to understatement penalties – a march toward further certainty? Read More »
Abdulkadir Kahraman KPMG Turkey Abdulkadir Kahraman is Partner and Head of Tax at KPMG Turkey Reality of the Digital Economy With the 21st century the doors of the world opened up to a new age: the digital era. Digitization rapidly transforms the nature of economic activities by reducing the cost of goods and services to
What is Bitcoin and its taxation consequences Read More »
Future expenses deductible now – a judgment about Section 24c of the Income Tax Act Cliffe Dekker Hofmeyr South Africa March 2 2018 Section 24C of the Income Tax Act, No 58 of 1962 (Act) provides for an allowance in respect of future expenditure to be incurred under a contract. On 3 November 2017, the Tax
Future expenses deductible now – a judgment about Section 24c of the Income Tax Act Read More »
South Africa Report from our correspondent Lutando Mvovo, South Africa Budget for 2018-19 – direct taxation The Budget for 2018-19 was presented to Parliament by the Minister of Finance on 21 February 2018. Details of the Budget with respect to direct taxation, which, unless stated otherwise, will apply from 1 March 2018, are summarized below.
2018 South African Budget Speech Read More »
GILTI rules particularly onerous for non-C corporation CFC shareholders McDermott Will & Emery USA February 9 2018 Summary The recently enacted tax reform legislation significantly expanded the application of Subpart F, including by adding a new inclusion rule for non-routine CFC income, termed “global intangible low-taxed income” (GILTI). The GILTI rules apply higher tax rates to
US: GILTI onerous for non-C corporation CFC shareholders Read More »
