Africa News

South Africa Invites Comment On VAT Zero-Rate Review

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, May 11, 2018

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. Read Full Story

South Africa Launches VAT Zero Rate Review

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, April 27, 2018

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. Read Full Story

OECD Urges International Tax Reform Of Savings, Investments

by Ulrika Lomas, Tax-News.com, Brussels

Friday, April 13, 2018

"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. Read Full Story

SARS Sets Out Expectations On Virtual Currency Tax Compliance

by Mary Swire, Tax-News.com, Hong Kong

Friday, April 6, 2018

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. Read Full Story

South Africa Increases VAT Rate To 15 Percent

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, April 2, 2018

On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent. Read Full Story

African States Conclude Landmark Free Trade Deal

by Lorys Charalambous, Tax-News.com, Cyprus

Wednesday, March 28, 2018

44 African countries have signed a landmark free trade pact to simplify tax and non-tax rules for trading between their borders. Read Full Story

South Africa To Increase VAT On April 1

by Lorys Charalambous, Tax-News.com, Cyprus

Monday, March 26, 2018

On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent. Read Full Story

Tax-Privileged Free Trade Zones The OECD's Next Target

by Ulrika Lomas, Tax-News.com, Brussels

Monday, March 19, 2018

In a new report, the OECD has drawn attention to criminal activity in free trade zones, which typically offer tax privileges and lighter regulation, highlighting that they may be unintentionally fostering growth in counterfeit goods. Read Full Story

SARS Announces Temporary Relief From New CFC Reporting Rules

by Lorys Charalambous, Tax-News.com, Cyprus

Friday, March 16, 2018

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. Read Full Story