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A newsletter from ENS, Taxand South Africa
In the latest edition of it ‘Tax in Brief’, ENS, Taxand South Africa highlight significant developments in the country’s tax case law, compliance and administration. Recent court decisions include disputes concerning estimated income tax and VAT assessments, tax-related sequestration proceedings and the South African Revenue Service’ powers to recover tax debts through third-party appointments.
The South African Revenue Service has also announced a range of administrative updates, including enhanced Global Minimum Tax capabilities for multinational groups and changes to Automatic Exchange of Information reporting ahead of the amended Common Reporting Standard. Further developments include new digital financial products being brought within the scope of CRS reporting and enhanced due diligence requirements.
Other updates include changes to employer interim filing, a new automated Diesel Refund registration platform, revised guidance on reportable arrangements and repairs expenditure, and continued consultation on VAT modernisation.
Tax experts from ENS, Taxand South Africa, provide a comprehensive overview of recent tax developments, which you can read here.
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