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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
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
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'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 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
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
Given the prospect of continued low economic growth, and the consequent risk that the Government's fiscal consolidation targets will not be met, the International Monetary Fund has suggested that the South African value-added tax rate may have to be raised. Read Full Story
The heads of tax authorities from the BRICS states met in Mumbai, India, on December 5-6, 2016, to discuss the implementation of the OECD's base erosion and profit shifting project. Read Full Story
The South African Revenue Service has released guidance, in a question and answer format, for financial institutions seeking to understand the impact of the OECD's Common Reporting Standard. Read Full Story
South Africa's National Treasury and the South African Revenue Service have released the 2016 Tax Statistics Bulletin. Read Full Story
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