Goodbye to the “loop structure” prohibition
BY NICOLETTE SMIT (First published on ENSight) In its typical form, a so-called “loop structure” arises where a South African exchange control resident (individual or company)…
Category: Africa
SARS NON-COMPLIANCE WITH SECTIONS 42 AND 96 OF THE TAX ADMINISTRATION ACT, 2011
Letter from SAICA to SARS Please find attached SAICA’s submission to SARS regarding SARS’ non-compliance with sections 42 and 96 of the TAA. SARS have…
South Africa Advance Pricing Agreements – Discussion Paper
Published by SARS Multi-national enterprises (MNEs) play important roles around the world and even more so when they invest in developing countries (like South Africa),…
Ghana publishes Transfer Pricing Regulations 2020
Ghana’s Minister of Finance1 submitted new Transfer Pricing Regulations (new Regulations) before Parliament on 10 August 2020. In accordance with Article 11(7) of the Constitution…
Key highlights from South Africa’s Minister of Finance 2020 Medium Term Budget Policy Statement
Article by: Regan van Rooy This year certainly continues to be a very interesting year for tax and exchange control. This week, Tito Mboweni, SA’s finance…
First Transfer Pricing Judgment in Nigeria
Article provided by: Financial Regulation International Click below to download the article on Prime Plastichem Nigeria Ltd vs FIRS.
To Trust or not to Trust?
By: Regan van Rooy Is establishing an international trust still worth the tax trouble? As we have previously observed, there is little love lost between…
CSG regulations published.
By Regan van Rooy 2020 has been a bad year for taxpayers in Mauritius, and it just gotten worse… The Mauritian Contribution Sociale Genéralisée (“CSG”)…
Kenya issues draft digital tax regulations of 2020
By: Fredrick Omondi & Norman Mekgoe – First Published on Deloitte Following the introduction of a digital service tax (DST) in Kenya, with effect from…
Court confirms the obligation on SARS to provide taxpayers with ample reasons
By: Conor McFadden – First published on Lexology The Constitution of the Republic of South Africa provides that ‘[e]veryone whose rights have been adversely affected by…