Tax
From The Report: South Africa 2013
View in Online Reader

In conjunction with KPMG South Africa Tax and Legal, OBG explores the taxation system, examining South Africa’s investor-friendly environment. OBG talks to Alan Field, Chairman of Tax and Legal, KPMG South Africa, on mitigating tax avoidance in the new digital age.

Articles from this Chapter

Overview

Duties and related matters: An explanation of taxation liabilities
OBG
plus

Taxation in South Africa is levied according to specific “residence principles”. These principles apply to incorporated, unincorporated and natural taxpayers. The South African Income Tax Act (the Act) contains certain “source” deeming principles in relation to passive income such as interest, royalties, dividends and certain other kinds of income, e.g., the imparting of or rendering of specific technical, industrial or commercial knowledge or information for use in South Africa, including…

Viewpoint

Increasing accountability: Alan Field, Chairman of Tax and Legal, KPMG South Africa, and Head of Tax, KPMG Africa, on mitigating tax avoidance in the digital age
OBG
plus

For some time now, mitigating tax avoidance and evasion has been the focus of tax debates at both national and international levels as well as within corporate circles. This has resulted in the inclusion of a number of anti-tax avoidance measures in most jurisdictions,, typically tailored to national requirements. Currently, anti-tax avoidance legislation is aimed to counter transactions where the tax motivation for a transaction exceeds the ordinary business motivation. With the advancement of…