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One of the consequences of operating in an increasingly globalised and digitalised world, is that borders blur and taxing rights between countries become a hotly contested topic. The crux of the matter is that every country seems to want a bigger slice of the “profit pie” from multi-national enterprises operating in country.
An expanding compliance burden, more audits and the potential for increased and double taxation are some of the challenges facing companies due to the rapidly evolving global tax landscape, says a PwC report.
Although Finance Minister Nhlanhla Nene played it very close to his chest regarding the specifics of tax reforms we can expect in the February 2016 Budget, we’ve compiled a snapshot of the possible tax reforms announced in his 2015 Medium Term Budget Policy Statement.
Time is running out to file your 2015 tax return with SARS. Here are a few tips from Yolandi Esterhuizen, Legislation Manager at Sage HR & Payroll, VIP Division to help you streamline this process.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?