Graphene Economics™ has put together a handy infographic for the CbCR filing process in South Africa. Download your copy now!
Country-by-country regulations are new and the filing requirements in South Africa have now been provided. This infographic provides an overview of the filing requirements for CbCR in South Africa.
The South African Revenue Service (SARS) places responsibility for declaring certain high-risk arrangements and transactions on corporate taxpayers. These are outlined in the Tax Administration Act (TAA), in sections 34 to 39, which deal with reportable arrangements. In a nutshell, arrangements that have certain characteristics (outlined in Section 35(1) of the TAA) must be reported…
The South African Revenue Service (SARS) implemented changes to the Income Tax Return (ITR) for Companies on 26 February 2018. A new IT10 schedule has been introduced by SARS for completion by companies with Controlled Foreign Companies (CFCs) requiring companies to disclose all their CFCs, regardless of the number of CFCs, to enable these companies…
Graphene Economics™ was recently featured in an interesting article in the Mail & Guardian (M&G) about the main takeaway from Davos being, “taxes, taxes, taxes”, specifically tax avoidance. M&G’s business editor, Kevin Davie, chatted to Director Michael Hewson about how Graphene Economics™ positions itself to help multinational companies transition from what was before to what…
Country-by-Country Reporting (CbCR) is topical in tax circles globally, and CEOs, FDs and other business leaders working within large multinational entities in South Africa would also do well to take note of recent developments. Michael Hewson, director at Graphene Economics, a specialist African transfer pricing advisory firm, outlines what South African multinationals need to know….
On 6 April 2018 Zambia officially gazetted new transfer pricing legislation (the Regulations), which came into effect on 1 January 2018. Some of the features of the new legislation are summarised below: The Regulations are in line with the transfer pricing legislative framework developed by the African Tax Administration Forum (ATAF), which are based on…
Is a Benchmarking Study on Transfer Pricing Important? When the words “benchmark”, “Africa” and “transfer pricing” are used together, the conversation invariably steers towards the fact that it is extremely difficult to obtain ‘perfect’ comparables in Africa because of the lack of data. We will discuss the challenges of data in Africa and the suggested…