ITB is a weekly PodCast by Steve Towers. It covers all major global tax events for any given week. 07 October 2022: This week’s highlights Latest developments on Pillars One & Two Progress report on administration and tax certainty aspects of Amount A in Pillar One Report on tax incentives and GloBE rules Belgium announces […]
International Tax Bytes: 7 October 2022 Read More »
The BESPOKE-winning methodology that we teach in our Postgraduate course in Transfer Pricing and International taxation has been tried and tested by Dr Daniel N Erasmus in practice. I/I/T/F has created THE 360 PROJECT, extending the educational platform to assist MNEs in establishing practical and workable systems to identify, monitor and manage the various tax
I/I/T/F METHODOLOGY = SUCCESSFUL CASES Read More »
Article originally published by NEWS24 The SA Revenue Service (SARS) is investigating luxury-goods purchases as part of a clampdown on individuals it suspects are deliberately hiding sources of income from the authorities. “We’re starting to look at who is buying luxury apparel and we’re trying to find out where do these people get their money,”
SARS starts to target buyers of luxury goods Read More »
This article was published by South African Revenue Service and the full article is available at: https://www.sars.gov.za/individuals/what-if-i-do-not-agree/being-audited-or-selected-for-verification/ What is verification? Verification is a face-value verification of the information declared by the taxpayer on the declaration or in a return. This involves a comparison of this information against third party data gathered by SARS from various
SARS – Being Audited or Selected for Verification Read More »
Article by: Regan van Rooy Movie buffs will hopefully get the joke intended in this week’s newsletter title, however, if not our other title is “10 things you need to know about TP”. Transfer pricing (“TP”) is progressively seen as the key tax risk area for multinational businesses. TP is not like “normal” tax, it
Risky Business – 10 things I hate about TP! Read More »
The Academy of Tax Law would like to congratulate the head of our academics, Dr Daniel N. Erasmus, and his team for another successful transfer pricing tax appeal before the Tax Board in Tanzania. These successes are a testament to our approach in teaching our international taxation and transfer pricing courses. This process has also
Another TP tax dispute argued before the Tax Board in Tanzania won for our client Read More »
The case of Medtronic, Inc. vs. Commissioner of Internal Revenue revolves around the complex issue of transfer pricing, particularly concerning the appropriate method to determine the arm’s length royalty rates for the use of intellectual property between Medtronic US and its Puerto Rican subsidiary, MPROC.
Medtronic vs Commissioner of Inland Revenue Read More »
GTC Conference 2022 The introduction of BEPS has changed the landscape of international taxation. It brought about not only legislative changes but also politically driven changes that may not be feasible in practice. The aim of this conference is to discuss the overall legislative and political implications and consequences of the BEPS project with reference
DOWNLOAD THE FULL SUMMARY IN PDF HERE VIEW THE FULL JUDGMENT HERE Case Information Court: Østre Landsret Case No: BS-12642/2020 and BS-25280/2020 Applicant: Ministry of Taxation Defendant: H1, H2 Judgment Date: 20 October 2021 Judgment Summary This case revolves around whether the taxable income of H1 and H2 should be increased under Denmark’s Tax Assessment
BY: Mark Korten – Korten Consulting The Minister of Finance in Mauritius presented the 2020/21 Budget on 11 June 2021. I have waited to see if the Finance Bill that enacts the Budget proposals would be out by now as there is a past precedent in Mauritius of omitting important Budget proposals in the enacting legislation.
2020/21 Mauritius Budget Read More »
