Pretoria - South Africa has signed the Convention on Mutual Administrative Assistance in Tax Matters, which seeks to promote international co-operation in the assessment and collection of taxes. Signed at the G20 Summit in Cannes on Thursday, South Africa joined 12 other nations who also signed the convention. The convention also seeks to encourage administrative … [Read more...] about SA signs convention on tax matters
pravin gordhan
Zuma: SARS must be independent
Johannesburg - The South African Revenue Service (SARS) must continue to act without fear or favour in ensuring full compliance with the law by all South Africans, President Jacob Zuma said on Friday night. "We cannot and will not tolerate anyone - from within government or outside of government...to denigrate the hard-won reputation you have built as credible, objective, … [Read more...] about Zuma: SARS must be independent
Conditions attached to Swazi loan
Pretoria - South Africa could be in a tight spot if Swaziland does not honour the terms of a R2.4 billion loan, which include political reforms, Finance Minister Pravin Gordhan said on Wednesday. "I think that Swazi authorities understand that they've got to deliver… within the agreed upon timelines and clearly the South African government would be placed in a difficult … [Read more...] about Conditions attached to Swazi loan
Gordhan proposes new solution on section 45
Pretoria - Finance Minister Pravin Gordhan has proposed a new short term solution for businesses that use Section 45 of the Income Tax Act. The section was suspended with immediate effect in June 2011 for an 18-month period. The suspension of clamping down on tax avoidance schemes was used by many companies in intra-group transactions. On Wednesday, Gordhan said that the … [Read more...] about Gordhan proposes new solution on section 45
Christine Lagarde Starts Work as IMF Chief
Pretoria - Christine Lagarde, the Former French Finance Minister, today begins her first day as the Managing Director of the International Monetary Fund (IMF). Last Tuesday, the Fund announced that Lagarde had been appointed as the new MD by consensus of the 24-member executive board representing the Fund’s 187 member countries. It had been a two-horse race between … [Read more...] about Christine Lagarde Starts Work as IMF Chief
