Mondaq Middle East & Africa: Tax
Certain aspects of the Dutch withholding tax regime are violating EU law, concluded the Dutch court of appeal of ‘s Hertogenbosch.
The Dutch cooperative association (coop) is not a well-known tool in international tax structures.
The VAT Act contains several prescribed methods on treating VAT, accounting for VAT and declaring VAT.
Government Gazettes for the period February to March 2012 are covered in this edition.
The Income Tax Act was amended in December 2011 to introduce tax on amounts received for the alienation of a right or license to explore, mine or retrieve natural resources in Namibia.
The Namibian skills shortage and strong growth in specialist industries in our economy require skilled expatriates to work in Namibia.
PwC Namibia together with our global alliance can ensure a seamless approach to satisfying your global transfer pricing requirements.
The President of the Federal Republic of Nigeria recently issued an order which confers certain fiscal incentives on companies doing business in Nigeria.
The VAT systems in Africa are not aligned, which has a
major effect on a company's operating and financial
systems.
If the Bill is passed in its current form, the tax payable on a property used for residential purposes in the FCT will exceed the tax payable in Lagos by more than ten folds.
The Minister of Finance recently modified the Fifth Schedule to the Companies Income Tax Act effective from 12 December 2011.
In March 2010, the Federal Government through the Debt Management Office announced the approval by the Federal Government of a tax waiver for all categories of bonds (including corporate bonds) and short term government securities such as treasury bills.
The Kingdom of Saudi Arabia (the "KSA") possesses one of the largest economies in the Middle East and North Africa (MENA) region.
The Financial Mail reported in its January 25 edition that SARS is considering changing the basis of customs valuations from the present free-on-board principle to a valuation based upon cost, insurance and freight.
Specific rules have now been introduced in relation to electronic record-keeping, following the introduction of the Tax Administration Act.
By establishing a forum to promote the sharing of resources, the BRICS countries may be able to provide working solutions for the problems being experienced by developing nations in applying the OECD methods.
A discussion on the scope of the new confidentiality provisions contained in the Tax Administration Act 28 of 2011 and how such provisions differ from the "Preservation of Secrecy" provisions previously contained in section 4 of the Income Tax Act 58 of 1962.
A discussion on a recent case, where SARS suspected the defendant for having had fraudulently manipulated invoices so as to pay less duty, thereby committing various offences under the Customs and Excise Act.
The recently enacted Foreign Account Tax Compliance Act (FATCA) threatens to isolate the United States by treating every American citizen as a suspected tax evader.
Pilots and other airline crew have a distinct advantage over more ‘grounded’ people. I am not just referring here to the opportunity to travel all over the world, but rather to the possibility to reduce their taxes.
On January 1, 2012 the tax treaty between Cyprus and the UAE is set to come into effect.
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From a tax perspective, it must be said that the number of proposed changes to the various fiscal Acts are considerably fewer than in prior years.
A discussion on the restrictions to the capital gains exemption which normally applies to individuals selling their home.
Unlike in the past few years, there have certainly been some surprises sprung on taxpayers by the Minister in his Budget Speech.
The Financial Mail reported in its January 25 edition that SARS is considering changing the basis of customs valuations from the present free-on-board principle to a valuation based upon cost, insurance and freight.
By establishing a forum to promote the sharing of resources, the BRICS countries may be able to provide working solutions for the problems being experienced by developing nations in applying the OECD methods.
Finance Minister Pravin Gordhan revealed a proposal to change legislation governing retirement fund contributions in the 2012 Budget.
Specific rules have now been introduced in relation to electronic record-keeping, following the introduction of the Tax Administration Act.
A discussion on a recent case, where SARS suspected the defendant for having had fraudulently manipulated invoices so as to pay less duty, thereby committing various offences under the Customs and Excise Act.
A discussion in the introduction of the Tax Administration Act in South Africa.
Section 66 of the Income Tax Act No. 58 of 1962 requires the Commissioner to give public notice annually of the prescribed time period within which persons who are liable to taxation under the Act must furnish their tax returns.
