The Wisconsin Tax Appeals Commission ruled in favour of the Wisconsin Department of Revenue, affirming its disallowance of royalty deductions claimed by Skechers USA Inc. in relation to intercompany transactions between Skechers and its subsidiary, Skechers USA Inc. II
Skechers USA Inc. vs. USA Read More »
The case involves two appeals by Fiat Chrysler Finance Europe (formerly Fiat Finance and Trade Ltd) and Ireland, challenging the General Court’s decision to uphold a European Commission ruling that a tax ruling granted by Luxembourg to Fiat Chrysler Finance Europe constituted unlawful state aid.
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Protected: SAIT TP Summit I/I/T/F Document Download Read More »
Published by: B&E Ako Law Taxpayers are now required to be represented by licensed tax consultants only. A representation by any other person seems to have no legal effect. This legal requirement was introduced on 1 July 2022 by the Tax Administration (General) (Amendment) Regulations, 2022. This updater looks into this legal requirement and other
The article was written and published by: ReganVanRooy 10 common mistakes in SA corporate tax returns – Part II CLICK HERE TO READ PART I Last week we unveiled the first five of our greatest hits in terms of common, and costly, errors in South African tax returns. For those who’ve been waiting with bated
SOUTH AFRICA: Think Tax compliance is simple? Think again (PART 2) Read More »
AUTHOR: Ziyaad Moosa – PKF Octagon (Johannesburg) With effect from 16 September 2022, The South African Revenue Services (SARS) discontinued the use of the IT14SD return. This return was previously used by SARS where a taxpayer was selected for verification (which is a high level review of the taxpayer’s income tax return). The IT14SD return
SOUTH AFRICA: Replacement of IT14SD forms – New SARS Verification Process Read More »
Article by: Abdulateef Olatunji ABDULRAZAQ (Founder, Taxmobile.Online) Introduction Value Added Tax (VAT) is a consumption tax imposed on the value of the supply of taxable goods and services produced and consumed in Nigeria. The Finance Act (FA)2020 generally defines taxable supplies of goods and services as supplies received and consumed by a person in Nigeria,
NIGERIA: VAT and the Reverse Charge Mechanism in Nigeria Read More »
Decree No. 42/2022, of 17 August, was recently approved, adopting measures to ensure support to employer entities and self-employed individuals in Cabo Delgado Province affected by terrorism. Click here to download the full document.
Mozambique – Mandatory Social Security Pardon of Fines and Reduction of Interests Read More »
Article was written and published by: ReganVanRooy 10 common mistakes in SA corporate tax returns – Part I Today and next week we cover the greatest hits in terms of common, and costly, errors in South African tax returns. This list might seem a bit dry, but we recommend you or your pet tax nerd
Think Tax compliance is simple? Think again Read More »
Published by: Regan van Rooy Unpacking the recent SARS ruling on foreign pensions On 22 August 2022, the South African Revenue Service (SARS) published binding class (“BCR”) ruling 080, which quickly became the talk of the town, or certainly the talk of the SA tax community. So what was so interesting? Well, basically SARS ruled
So is a foreign pension trust not actually a trust? (South African Tax) Read More »
