ENSafrica provides a snapshot of the latest tax developments in South Africa.
Case law:
Supreme Court of Appeal: CSARS v The Executors of Estate Late Sidney Ellerine
Supreme Court of Appeal: CSARS v Danwet 202 (Pty) Ltd
High Court, Gauteng Division: CSARS v Huang & Other
Tax Court, Port Elizabeth: IT13726
Advance tax rulings:
Binding private ruling 301: taxation of dividends received by a borrower under a securities lending arrangement
SARS publications:
Guide to understatement penalties (issue 2)
International:
The Organisation for Economic Cooperation and Development (OECD) and the Intergovernmental Forum on Mining, Minerals, Metals and Sustainable Development (IGF) invite comments on draft practice note that will help developing countries address profit shifting from their mining sectors via excessive interest deductions
The OECD addresses the misuse of residence/citizenship by investment schemes and the importance of the Common Reporting Standard to address these issues
Other important developments:
The Davis Tax Committee (DTC) concludes its work and publishes the final reports
