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Invitation to South African Institutions of Higher Learning to participate In the 2021 Budget Outreach Initiative
Wednesday, February 24, 2021
Treasury
44080 20-1 Tax Administration Laws Amend Act 24 of 2020
Act No. 24 of 2020: Tax Administration Laws Amendment Act, 2020 Wet
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textual corrections; ● amend the Income Tax Act, 1962, so as to
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to align situations where withholding tax on royalties was due and
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with that of withholding tax on interest; to provide that...
OECD calls on countries to crack down on the professionals enabling tax and white collar crimes
Countries should increase efforts to better deter, detect and disrupt the activities of professionals who enable tax evasion and other financial crimes, according to a new OECD report.
Thursday, February 25, 2021
OECD agrees new peer review process to foster transparency on tax rulings
In order to maintain and further improve transparency on tax rulings, the OECD/G20 Inclusive Framework on BEPS, which groups over 135 countries and jurisdictions on an equal footing for multilateral negotiation of international tax rules, approved the process for the BEPS Action 5 peer review of the transparency framework for the years 2021 to 2025.
Monday, February 22, 2021
Release of Ending the Shell Game: Cracking down on the Professionals who enable Tax and White Collar Crimes
Thursday 25 February at 11:00 CET
White collar crimes like tax evasion, bribery and corruption are often concealed through complex legal structures and financial transactions facilitated by lawyers, accountants, financial institutions and other “professional enablers”. These crimes can have significant impacts on government revenue, public confidence and economic growth.
Nothing very flash about Sars’s eFiling tech - Stuff Magazine
The SA Revenue Service (Sars) has rolled out a dedicated browser that supports Adobe Flash Player, which should allow users to access its ...
Friday, February 19, 2021
Webber Wentzel News
Tax hikes you are likely to see next week – and those you won’t - Cape Business News
Analysts and economists are detailing their predictions for finance minister Tito Mboweni’s budget speech on 24 February, with a particular ...
Thursday, February 18, 2021
Webber Wentzel News
Experts call for a 20% sugar tax hike to boost health - The South African
Experts are calling for a 20% hike in sugar tax due to the health sector's ongoing battle with the COVID-19 pandemic.
Thursday, February 18, 2021
Webber Wentzel News
BDO publishes World of Private Client Services report
Research reveals 71% of respondents feel that wealthy individuals are still moderately or very concerned with privacy and safety risks posed by tax transparency
69% said the need to diversify investment is the driving force behind attitudes to legacy among wealthy families
57% of respondents expect significant or judicious alterations to wealth strategy after the height of COVID-19
In a time of disruption, thoughtful decision-making lies ahead for high net...
Monday, February 1, 2021
Deduction disallowance for fines and penalties and the corresponding reporting requirements
The Internal Revenue Service released the long-awaited final regulations governing the deductibility of fines and similar penalties paid to governmental entities (and certain nongovernmental regulatory entities) under tax code Section 162(f).
Friday, January 29, 2021
Real Estate Focus: January 2021
In this edition we take a look at the Supreme Court’s decision in a test case on business interruption insurance; the latest on VAT and termination payments; significant residential leasehold reforms in the pipeline; and proposals to improve the energy performance of residential property through lenders.
Friday, January 22, 2021
The Netherlands: Corporate tax update 2021
A previously promised reduction of the top corporate income tax rate has been postponed and the top rate remains at 25 per cent. However, the lower tier tax bracket will be reduced to 15 per cent. In addition the lower tier tax bracket will be raised to EUR 245,000 and this will be further extended to EUR 395,000 in 2022.
Monday, January 18, 2021
Impact of Brexit on Tax
Little changed for UK businesses from a tax perspective when the UK left the EU on 31 January 2020.
Friday, January 15, 2021
Cost of capital: 2021 outlook
Join a conference call among a group of project finance industry veterans about what to expect in the year ahead for tax equity, bank and term loan B debt and project bonds.
Collision of Failures - How Biovac and a 'Lack of Vision' Got South Africa Into a Vaccine Mess
[Daily Maverick] Inclusive growth during a pandemic looks as elusive as ever, but it's less about economics and more about politics. A Wits webinar session Professor Imraan Valodia and Judge Dennis Davis dived into the quagmire.
Thursday, March 4, 2021
Daily Maverick
Treasury's Mission to Make South Africa's Tax Regime More Efficient
[Daily Maverick] The 2021/22 Budget's focus is on making the tax regime more efficient - whether it's upgrading SA's border posts or understanding how best to tax digital giants like Facebook and Google.
Monday, March 1, 2021
Daily Maverick
Sinkhole Opens Up Beneath South Africa's Mining Industry
[Daily Maverick] In the same week that Finance Minister Tito Mboweni delivered his Budget speech, the Canadian-based Fraser Institute published its annual survey and Investment Attractiveness Index of mining jurisdictions, which focuses on exploration investment.
Monday, March 1, 2021
Daily Maverick
NGOs Warn Latest Budget Will Have Bad Outcomes for Education
[GroundUp] On Wednesday members of Equal Education picketed outside Parliament ahead of the budget speech to demand that Minister of Finance Tito Mboweni allocate more funds to basic education.
Friday, February 26, 2021
GroundUp
Draft IN59 (Issue 2) - Tax treatment of the receipt or accrual of government grants 26 February 2021
Friday, February 26, 2021
SARS Sets Up New Unit for Wealthy Taxpayers
[SAnews.gov.za] The South African Revenue Service has announced the formation of a High Wealth Individual (HWI) Taxpayer Segment, which will focus on wealthy taxpayers with complex financial arrangements.
Call For Comment
SAIT member comments can be directed to taxpolicyadmin@thesait.org.za
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