In a recent SAICA snap survey, 91% of respondents indicated that there is a need for integrated reporting in the public sector SAICA established the Public Sector Integrated Reporting Project Group (PSIRPG) to explore and respond to the challenges related to integrated thinking and integrated reporting in the public sector. Although there is currently no… Read More Integrated reports in the public sector: a tool for accountability and transparency?
South Africa has had transfer pricing legislation in place since 1995 and the South African transfer pricing guidance as set out in Practice Note 7 turned 20 years on 6 August 2019. Reflecting on 20 years’ transfer pricing guidance and 24 years of transfer pricing legislation it is worthwhile to consider the transformation of the… Read More Transfer pricing transformation: Developments in South African law, regulations and guidance
The Auditor-General (AG) stated in the 2017/18 MFMA General Report that accountability mechanisms in local government are not working as they should, and there have been continued calls for more to be done. Accountability mechanisms in national and provincial government are also not working based on the repeat findings on consequence management and the history… Read More Understanding the amendments to the public audit act
South Africa updates its tax anti-dividend stripping rules relating to share issues to third parties − but does the introduction of the wording ‘effective interest’ in the drafting of this legislation achieve its purpose? By Madelein Grobler (Senior Tax Manager at EY), Shaheed Patel (Associate Tax Director at EY), Candice Van Den Berg CA (SA)… Read More South Africa updates its tax anti-dividend stripping rules relating to share issues to third parties
The possible employees’ tax implications of payments to independent contractors and personal service providers is a relatively complex part of tax law. Persons making payment to these persons should exercise care and ensure that they have the proper relevant material to support their interpretation of the law in this respect. Taxpayers often have to determine… Read More Independent contractor or employee?
An approach to obtaining comparable data that needs to be formulated which will be acceptable to SARS is the focus of this article. By Gerdi Van der Westhuysen and Karen Miller From a transfer pricing perspective, comparability is at the heart of the arm’s-length principle. This heart is being worn out by the challenge experienced… Read More Comparability certainty in Africa