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South Africa News - Business, Taxation & Offshore




South Africa Cuts Air Passenger Taxes

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, January 9, 2017

On January 5, Airports Company South Africa announced that it has received approval to charge reduced air passenger duties, aircraft landing fees, and aircraft parking fees, with effect from April 1, 2017.Read Full Story

 

Switzerland Consults On Implementation Of AEOI Agreements

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, December 29, 2016

The Swiss Federal Department of Finance has launched a consultation on the introduction of the automatic exchange of information in tax matters with a series of other countries. Read Full Story

 

 

SARS Guides On Contingent Liabilities In Acquisitions

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 28, 2016

The South African Revenue Service has issued an interpretation note that sets out the income tax implications for the seller and purchaser when the purchase price of assets in the acquisition of a going concern is settled, or partly settled, by the assumption of free-standing contingent liabilities.Read Full Story

 

South Africa Considering Higher Taxes On Imported Poultry

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, December 21, 2016

South Africa's Department of Trade and Industry says it is considering tax measures in response to the poultry industry's concerns about a surge in imports of foreign poultry products.Read Full Story

 

 

South African Tax Bills Approved By Parliament

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, December 19, 2016

South Africa's Ministry of Finance has published the 2016 Taxation Laws Amendment Bill, which has received parliamentary approval and gives effect to the tax changes announced in the Budget in February this year, together with legislation confirming the final details of. the Special Voluntary Disclosure Program.Read Full Story

 

SARS Issues VAT Ruling On International Travel Insurance

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, December 16, 2016

The South African Revenue Service has issued a binding general ruling dealing with the zero-rating of international travel insurance under South Africa's Value-Added Tax Act. Read Full Story