Tax

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GENERAL: A series of new laws have been issued, which are reflected herein; however, it should be noted that the practical application of some of the new concepts in the tax law will be clarified with the issuance of a set of executive regulations, which is expected sometime in the near future.

Foreign investors should thoroughly plan before they invest in South Africa. Once they have done that, it should be a smooth process, as the country’s tax system is among the most developed in the world. South African residents are taxed on their worldwide income. Non-residents are taxed only on their South Africansourced income. A company is considered a South African...

Taxes that are levied by the national government of South Africa under the Income Tax Act 58 of 1962 (the Act) include the following:

Chapter | Tax from The Report: South Africa 2014

In conjunction with SizweNtsalubaGobodo, OBG explores the taxation system, examining South Africa’s investor-friendly environment. OBG talks to Kemp Munnik, head of taxation services at SizweNtsalubaGobodo, on relevant regulations for investors.

In April 2014 South Africans celebrated the 20th anniversary of both the end of apartheid and the creation of the modern Republic of South Africa. These two events highlight just how far South Africa has come in the past two decades, during which the nation’s numerous assets have contributed to its rise as one of Africa’s leading economic and diplomatic players.

Aunque un enfrentamiento entre Panamá y Colombia por la regulación de sus flujos financieros bilaterales se solucionó provisoriamente unas semanas tras estallar en octubre, quedan interrogantes sobre el delicado tema de la evasión tributaria a largo plazo. 

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