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

Leave a Comment / FP News /

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

Leave a Comment / Africa, SADC, South Africa /

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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S.Africa: Urgent interdict to prevent SARS collecting R1bn on pay-now-argue-later principle successful

Leave a Comment / Africa, South Africa /

In terms of the “pay now, argue later” principle, the South African Revenue Service (SARS) is entitled to collect amounts owing by a taxpayer in terms of an assessment. In terms of section 164 of the Tax Administration Act, 2011, a taxpayer may request SARS to suspend the payment of tax. If SARS does not

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Online TAX SUMMIT

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CLICK THIS LINK TO ACCESS OUR BROADCAST CHANNEL TODAY>>> https://www.taxconnections.com/broadcast  Tuesday, 22 September 2015 (GMT 15:00)  (08:00AM PDT-Los Angeles) (10:00AM CDT-Chicago) (11:00AM EDT-New York) (16:00PM BST-London) (17:00PM CEST–Paris) (18:00PM IDT-Tel Aviv) (23:00PM HKT–Hong Kong) (00:00AM JST–Tokyo) and Tuesday, 22 September (01:00AM AEST–Sydney) STARTING 8:00AM PDT (California Time): Corporate Multinational Tax Departments Today- The Tax Provision

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Nigeria: The New Changes At The FIRS And What Taxpayers Should Expect

Leave a Comment / Africa, Nigeria, West Africa /

With the recent appointment of Mr Babatunde Fowler as the acting Executive Chairman of the Federal Inland Revenue Service (FIRS), his primary mandate is to significantly increase Nigeria’s tax revenue collection which is currently one of the lowest in the world in terms of tax to GDP ratio. In addition, the FIRS leadership is expected to introduce reforms

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S.Africa: PE Tax Ruling and Analysis update

Leave a Comment / Africa, South Africa /

By Edwin Naidu Aug. 25 — Foreign businesses rendering services in South Africa must consider and plan for the tax consequences relating to work undertaken in the country—or suffer the same fate as that of a U.S. multinational consulting firm penalized in a recent permanent establishment case before the country’s tax court, practitioners told Bloomberg

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