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Capital Gains Tax – Method of valuation on the disposal of shares

14 April 2014 | Tax

Capital Gains Tax (CGT) is payable on the disposal of capital assets which were in the seller's possession on, or were acquired after 1 October 2001 (valuation date). A capital gain or loss is determined by calculating the difference between the proceeds and the base cost of the disposed asset.

VAT amendments electronic

14 April 2014 | Tax

Long anticipated VAT amendments on internationally supplied Internet services to SA, will be enforced from 1 June, says professional services firm Deloitte.

Multinational organisations operating in Africa need to consider the tax treatment of their transactions upfront – or face significant tax exposure, warns PwC

01 April 2014 | Tax

Multinational organisations operating in Africa face significant tax exposure and risks in the form of withholding taxes. “Multinationals considering doing business on the continent need to consider the potential tax treatment of their transactions upfront,” says Elandre Brandt, an International Tax Partner at PwC and Head of the Africa Tax Desk based in Johannesburg. “Contractual terms may have a significant impact on the applicable withholding tax, and may range from anything between five percent to as much as 30% of the gross amount of the transaction,” warns Brandt. “Planning for a withholding tax liability allows for certainty regarding the tax liability associated with any commercial transaction.”

Assisting Foreign Governments with Tax Collection

19 February 2014 | Tax

As governments around the world come under pressure to collect tax to meet their growing needs and budget deficits there has been an increase in cross-border co-operation between tax authorities. This can be seen in the treaties concluded between countries to limit tax avoidance transactions, the sharing of information by tax authorities with other countries, and assistance offered to foreign governments in tax collection and enforcement.

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