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Tax Pulse Session Invite

Are you looking for a broader understanding of tax controversy and your rights as a taxpayer? Would you like to know more about what came out of the G20/Organisations for Economic Co-operation and Development (OECD)’s Base Erosion and Profit Shifting (BEPS) initiative? Do you want to know more about the draft regulations regarding a South […]

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2016 Africa Indirect Tax Country Guide

Seven of the world’s fastest growing economies are in Africa. This makes Africa a key strategic growth imperative for most global corporates.  African governments are placing high reliance on indirect taxes to meet growing revenue needs. Given the huge volumes of value-added tax/general sales tax (VAT/GST) transactions that must be handled at any one time, […]

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VAT and Loyalty Programmes

Have you ever wondered how the VAT is accounted for whenever you get a free gift or a discount at your favorite store? I bet you have not. What if I tell you that you are most probably paying too much VAT? Simplistically loyalty programmes work on a basis where the more you buy at […]

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Africa is open for business: A guide to tax in Africa

Africa  is party to a growing number of bilateral and multi-lateral trade agreements, providing African exporters with an opportunity to claim preferential treatment. Africa’s answer to the above is the Tripartite Free Trade Area (TFTA), which covers 26 (out of 54) African countries and is aimed at creating the biggest free-trade area on the African […]

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SVDP

VDP vs SVDP – which path should be followed?

Further to the Special Voluntary Disclosure Programme (SVDP) announced in the Budget Speech delivered on 24 February 2016, we have raised some queries with the South African Revenue Service (SARS) and the South African Reserve Bank (SARB). It is has been communicated that it is envisioned that the SVDP will be a one-stop shop – […]

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Is tax risk management important?

Businesses have not always given Tax Risk Management (TRM) the attention it deserves. However, there have been a number of developments, locally and internationally, that resulted in the importance of TRM gaining momentum. READ MORE about Tax Management Services at KPMG The profile of tax The profile of tax has been elevated not only from […]

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Budget Speech 2016: Will it please the ratings agencies?

Finance Minister Pravin Gordhan delivered his 2016/17 budget speech on February 24 to a nation eagerly awaiting big announcements. The speech was probably the best possible document that the National Treasury could have put together for this occasion, but was it good enough to avoid a ratings downgrade? DOWNLOAD KPMG’s Budget Summary >> Regarding the detail, […]

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The business tax end of Budget 2016

With the 2016 Budget Speech rapidly approaching, the topic of conversation in tax circles is being dominated with predictions as to what awaits South African taxpayers. An increase in taxes seems inevitable so the real question is which of the taxes will be affected and by how much. KPMG’s 2016 Budget Watch The 2015 Medium […]

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Increase in personal tax rate changes: A windfall for revenue collection and an avalanche for expats?

What’s on the cards for 2016? The personal income tax collection mechanisms and platforms together with the employee’s tax withholding regime, makes personal income tax a popular source of revenue collection. The personal tax brackets are less likely to be drastically adjusted to be indexed to inflation. On the other hand, while the tax rate hike […]

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Ratings downgrade

What is this ‘junk status’ that South Africans fear?

South Africans fear a downgrading of the economy to ‘junk status’. But what does it mean and what are the chances that the upcoming Budget Speech can help avoid a downgrade? While the looming downgrading of the economy to ‘junk status’ features almost daily in local media, neither the recent State of the Nation Address […]

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