Michael Hewson, Director of Graphene Economics®, recently wrote an editorial for the Mail & Guardian (M&G) newspaper about developments in taxation as a result of an increasingly digital economy.
In the article, Michael looks at the complexities that taxing digital services results in on a transfer pricing front, and global efforts to manage the change.
A round-up of transfer pricing and related updates from around the African continent and beyond. (Sources: reports issued by organisations, government documents and legislation (where available) or other tax news platforms, such as Orbitax, MNETax, etc.) OECD and G20 updates GloBE information return (pillar two) – status message XML schema (user guide) The OECD released…
By ATLEGANG MATJILA The Organisation for Economic Co-operation and Development’s (OECD) Two-Pillar solution (Pillar One and Pillar Two) originated from a need to align taxing rights of jurisdictions to the way business has rapidly progressed (and continues to progress) from the traditional bricks and mortar business to more digitalised business models. Today’s digitalised economy has created…
Introduction Normally, loans between a South African company and its foreign group companies would be subject to the transfer pricing rules that require the terms of the loan to be arms-length. There is, however, an exclusion from the rules in relation to certain inter-company debt. But multinationals relying on this transfer pricing exclusion should review…
Cameroon’s Directorate General of Taxation has published Circular 003 of 15 January 2018, which includes certain changes to transfer pricing legislation to be applicable for the fiscal year 2018. Details of the changes are provided below. Automatic filing of transfer pricing documentation by large companies Starting from the fiscal year 2018, companies that are registered…
Graphene Economics® founder Michael Hewson partnered with Duane Newman from Cova Advisory to write an article for Business Day. The feature investigates how one-stop shops for investors can lift South Africa, why private sector involvement is key, and how transfer pricing strategies are affected by tax incentives. Read the article
The Organization for Economic Co-operation and Development (OECD), estimates the proposed global minimum tax will generate $150 billion in additional global tax revenues annually. On 23 August, Graphene Economics® co-hosted an event together with the Gordon Institute of Business Science (GIBS), where we explored the topic of whether this will benefit developing countries as much…