OECD Base Erosion and Profit Shifting – Part 2

Johannesburg, Tuesday, 21 February 2023 - Following the global public outcry around 2012, and the highlighting of certain Multinational Enterprises’ (MNEs’) tax avoidance structures, the G20 Group of Finance Ministers, which includes South Africa, briefed the The Organisation for Economic Cooperation and Development (OECD) to consult and come up with an action plan to put an end to international tax avoidance schemes.

Johannesburg, Tuesday 21 February 2023 - Once again, we are close to the next Budget Speech and all eyes in South Africa will be on the Minister of Finance. Mastering the ship through the storm that South Africa has been experiencing over the past few years has been incredibly difficult and it is not going to get easier, at least for now.

Johannesburg, Friday 24 February 2023: Today, the South African Institute of Chartered Accountants (SAICA) announced that 2 711 (58%) of the 4 671 candidates who wrote the Assessment of Professional Competence (APC) in December 2022, successfully demonstrated their competence in the assessment.

Johannesburg, 23 February 2023 - Tax incentives are used by governments globally as a tool to drive spending in specific zones, on infrastructure, and to attract foreign investment while simultaneously supporting a country’s efforts to stimulate economic activity and job creation. To ensure their effective usage, it is important for a government to monitor and continually reassess whether the tax incentives implemented have the desired effect.

Johannesburg, 22 February 2023 - The correlation between inflation and purchasing power is important because sometimes we are fooled into thinking that just because an amount increased, like your salary, your purchasing power remains the same.

Johannesburg, 20 February 2023 - In his State of the Nation address on 9 February 2023, President Cyril Ramaphosa announced that the Minister of Finance will outline incentives for rooftop solar power in his Budget Speech on 22 February 2023.