South Africa

Wed, 12 May 2021 00:00:00 GMT Countries Discuss Post-Pandemic Tax Agenda At UN Council Meeting
Experts speaking at the UN's Economic and Social Council's annual Special Meeting on International Cooperation in Tax Matters concluded that the international community must do more to tackle tax base erosion and profit shifting and offshore tax evas...

Fri, 1 May 2020 00:00:00 GMT South Africa Details New COVID-19 Tax Measures
On April 23, 2020, the National Treasury of South Africa provided further details of the additional COVID-19 tax support measures first announced by President Cyril Ramaphosa on April 21.

Wed, 15 Apr 2020 00:00:00 GMT African States Urged To Consider COVID-19 Tax Responses
The African Tax Administration Forum (ATAF) has published a new report titled "Suggested COVID-19 Measures for Revenue Authorities."

Thu, 20 Feb 2020 00:00:00 GMT OECD Provides Update To G20 On BEPS Work
In a new report for G20 ministers, the OECD has provided an update on its work to tackle tax base erosion and profit shifting relating to multinational businesses.

Mon, 27 Jan 2020 00:00:00 GMT South Africa Enacts 2019 Tax Bills
On January 15, 2020, three tax bills were made law to give effect to measures announced in South Africa's 2019 Budget.

Mon, 28 Oct 2019 00:00:00 GMT South Africa Launches Large Business Center
On October 23, 2019, the Commissioner of the South African Revenue Service launched the re-established Large Business Centre, which aims to bring about higher levels of voluntary tax compliance among large taxpayers.

Fri, 27 Sep 2019 00:00:00 GMT Tax Experts Have Helped Developing Countries Net USD500m In Tax
The international community has made important progress in improving developing countries' ability to tax multinational enterprises and boost domestic revenue mobilization, says the annual report for the initiative Tax Inspectors Without Borders.

Thu, 5 Sep 2019 00:00:00 GMT OECD Says Pace Of Global Tax Reform Has Slowed
The pace of tax reform has slowed across most leading economies, a new report from the OECD says, calling for bolder tax reforms to address future challenges.

Wed, 5 Jun 2019 00:00:00 GMT South African Carbon Tax Introduced On June 1
On May 26, 2019, South African President Cyril Ramaphosa signed into law the Carbon Tax Act No 15 of 2019, which came into effect on June 1, 2019, as announced by the Minister of Finance in the 2019 Budget.

Fri, 10 May 2019 00:00:00 GMT African Continental FTA To Enter Into Force
The African Continental Free Trade Agreement will enter into force on May 30, 2019, after Sierra Leone and the Sahrawi Republic deposited their instruments of ratification of the agreement.

Fri, 21 Sep 2018 00:00:00 GMT Swiss Gov't Approves BEPS Multilateral Instrument
The Swiss Federal Council has approved an OECD multilateral convention designed to prevent BEPS-related abuse of the international tax treaty system.

Mon, 16 Jul 2018 00:00:00 GMT South Africa Drops Paper Forms To Encourage E-Filiing
The South African Revenue Service has removed certain paper forms from its branches in an attempt to encourage more taxpayers to file tax returns electronically.

Fri, 11 May 2018 00:00:00 GMT South Africa Invites Comment On VAT Zero-Rate Review
South Africa's National Treasury is inviting the public to contribute to a review of the list of items zero-rated for value-added tax purposes.

Fri, 27 Apr 2018 00:00:00 GMT South Africa Launches VAT Zero Rate Review
Having increased the headline value-added tax rate to 15 percent from 14 percent on April 1, South Africa has appointed a panel to consider a review of the list of food items subject to the zero rate.

Fri, 13 Apr 2018 00:00:00 GMT OECD Urges International Tax Reform Of Savings, Investments
"While countries do not necessarily need to tax savings more, there is a lot of room to improve the way countries tax savings," according to Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration.

Fri, 6 Apr 2018 00:00:00 GMT SARS Sets Out Expectations On Virtual Currency Tax Compliance
The South African Revenue Service on April 6, 2018, warned taxpayers that they are expected to declare cryptocurrency gains or losses in calculating their taxable income.

Mon, 2 Apr 2018 00:00:00 GMT South Africa Increases VAT Rate To 15 Percent
On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent.

Wed, 28 Mar 2018 00:00:00 GMT African States Conclude Landmark Free Trade Deal
44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders.

Mon, 26 Mar 2018 00:00:00 GMT South Africa To Increase VAT On April 1
On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent.

Fri, 16 Mar 2018 00:00:00 GMT SARS Announces Temporary Relief From New CFC Reporting Rules
The South African Revenue Service has announced that it will temporarily permit taxpayers to report information on controlled foreign corporations under the old filing rules, which were replaced in February.