The 2014 Budget Speech will be presented by Minister Pravin Gordhan on 26 February 2014. The contents of the speech, together with the State of the Nation Speech delivered by President Jacob Zuma on 13 February 2014, are considered critical in the run up to the general election on 7 May 2014. So the big […]
Archive | Tax RSS feed for this section
Multi-national tax avoidance a global problem Tax evasion or avoidance is as hot a topic as ever, and top of the list is large multi-national corporations. Companies and other legal structures that are anonymously owned and controlled are a key mechanism of tax avoidance which can seriously undermine many countries’ development efforts. One of the […]
Much of South Africa Revenue Services attention focuses on increasing collection, to fund government activity. This debate internationally and in South Africa centres primarily around closing tax loopholes and increasing self-assessment through vigorous audits by SARS. This focuses on only one end of the taxation equation. In pursuing this goal, Judge Davis has been […]
The EU’s proposed financial transaction tax continues to trace its tortuous path towards implementation. Some form of new, harmonized tax is likely to be agreed among core member states eventually. But its final shape and form remain uncertain. This uncertainty is casting a long shadow over how companies can plan to respond. Financial transaction taxes […]
The shift toward automating tax reporting processes, for the benefit of both internal and external stakeholders, has increased significantly over the last few years. The South African Revenue Service (SARS) has become focussed on analysing systems and data used in reporting capital gains, as well as interest and dividends tax information. It frequently requires […]
The South African Revenue Service (SARS) released a detailed discussion paper, on 4 December 2013, presenting SARS’ initial views regarding the tax implications for the seller and purchaser in relation to the assumption of contingent liabilities (specifically “free-standing contingent liabilities”) in part settlement of the purchase price of assets acquired as part of a […]
South Africa’s personal income tax payers are a minority of around 5 million, with the rest of the population’s 48 million dependent upon someone else. This includes more than 16 million South Africans living on social grants, a number that is increasing by 400,000 every year. Presently the country battles with unemployment, poor social […]
SARS recently issued BGR 14, effective 1 November 2013, in respect of the VAT treatment of supplies made and received by short-term insurers. Insurers will need to make the necessary adjustments to their systems and processes to ensure compliance with the ruling. BGR 14, however, does not contain transitional measures, especially considering the effective […]
Released in July of this year, the Taxation Laws Amendment Act included some amendments to certain important provisions of the Mineral and Petroleum Royalty Act 2008, also referred to as the Royalty Act.
Following on from The tax implications of South African REITs, we summarise the REIT Dispensation available to South African property investment vehicles.
Sign up to our Newsletter
- Shifts in social investment give rise to Africapitalism 22/08/2014
- TwitterView – Exploring Data and Visualisation 21/08/2014
- Creating new opportunities for Insurers in high growth markets 21/08/2014
- Budget Review 2012: Financial Transaction Tax and Mark-to-Market Taxation 23/02/2012
- Transforming the dealership model: Car dealers expand their range of services and touch points with customers 02/04/2014
- KPMG ready to implement the NDP 24/07/2013
- lifestyle: Many companies today offer keyless entry devices o...
- Kajen Subramoney: The tone at the top needs to emphasize that Cyber ...
- Tipho: This has been tried in Swaziland in 2012 using Swa...
Tweets from KPMG South Africa
KPMG South Africa on YouTube
KPMG empowering future leaders
Despite a sharp rise in the number of deals being announced, deal completions continue to [...]
Big changes ahead for banks’ accounts as new standard on bad debts completes response to t [...]
Research finds over half of business leaders place digital strategy and data analytics hig [...]
Pharmaceutical and life sciences companies may have turned a corner in their efforts to ge [...]
A panel from the six largest accounting networks has published a report on possible accoun [...]