News Africa
SARS Announces Its Re-establishing The Large Business Unit And Illicit Economy Team
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August 28th, 2018
The SARS Acting Commissioner, Mr Mark Kingon, is on record as having recently informed Parliament’s Standing Committee on Finance that he will re-establish the Illicit Economy Team. It was also reported recently at the Commission of Inquiry into tax administration and governance at SARS that the Acting Commissioner for SARS has already begun a process to re-establish the Large Business Unit.
Africa Intensifies Fight Against Tax Evasion And Illicit Financial Flows Outbound
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August 2nd, 2018
The 5 th meeting of the Africa Initiative was held in Accra, Ghana and marks another step in the fight against tax evasion in Africa and reinforces the Yaoundé Ministerial Declaration, signed by 21 African countries, which calls upon the African Union to lead in the tax transparency agenda in Africa.
Africa Initiative .
Reducing The Cost Of Transfer Pricing Compliance For MNEs
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June 13th, 2018
Many countries have become more focused on combating tax avoidance. As such, transfer pricing compliance has become much more burdensome due to substantial documentation requirements and multiple filing deadlines.
Africa Suffered A Financial Leak Of $1.4 Trillion During The Past 30 Years
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April 10th, 2018
Logan Wort, the Executive Secretary of African Tax Administration Forum (ATAF) has recently disclosed that the amount outflowing from Africa ranges from $1.2 trillion to $1.4 trillion since 1980 to 2009 due to illegal financial practice, mostly tax evasion and tax avoidance.
South Africa Announces Substantively Enacted Tax Rates And Tax Laws
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March 22nd, 2018
The Minister of Trade and Industry in South Africa published the final notice on Financial Reporting Pronouncement 1 (FRP 1) which has been issued by the Financial Reporting Standards Council. The notice provides the substantively enacted tax rates and tax laws under IFRS and IFRS for small and medium enterprises.
Increased controversy in Africa after BEPS – An analysis of recent TP disputes
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November 30th, 2017
A webinaron increased controversy expected after BEPS and the MLI in Africa, and an update on current TP disputes going to court in Africa.
9 African jurisdictions have signed the MLI: South Africa, Nigeria, Seychelles, Mauritius, Cameroon, Egypt, Gabon, Burkina Faso and Senegal.

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