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.
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With a long-established track record as the continent’s largest financial platform and one of the world’s biggest mining producers, South Africa has significant economic clout in the region.
Interviews & Viewpoints | Eduardo Calero, Partner, PricewaterhouseCoopers, on tax reform from The Report: Colombia 2013
The tax reform approved in December of 2012 produced a series of important changes in the business environment, the most important of which were the reduction of corporate income tax from 33% to 25% and the creation of a new equality tax (CREE). This generated a bit of confusion in the first months of 2013, especially in regards to the issue of...
Articles & Analysis | Accelerating reform: Changes to the tax regime target transparency and participation from The Report: Colombia 2013
The tax reform approved by the government in December 2012 (Law 1607 of 2012) introduced important changes to the way foreign investors can acquire shares or an interest in Colombian companies. Prior to the reform, the acquisition of shares by foreign investors entailed the purchase of the goodwill, the cost of which was tax deductible against...
Chapter | Tax & Accountancy from The Report: Colombia 2013
This chapter offers a comprehensive overview of the tax reform introduced in 2012, which sought to increase transparency and participation and affected a number of important areas, such as capital gains, mergers, share acquisition, branch profits and equity contributions. Among other changes, the reform reduced the capital gains tax, introduced the concepts of thin capitalisation and income tax...
Outperforming the majority of its regional peers, Colombia has experienced steady economic growth in the past decade registering GDP growth averaging over 4%, a rate set to continue in 2013.