The section 6quin foreign tax rebate as an incentive for south african headquarter companies ian statham a research report submitted to the faculty of commerce, law and management, university of the witwatersrand, johannesburg, in partial fulfilment of the requirements for the degree of master of commerce specialising in taxation. Prepared for the conference the economics of tax policy, to. Taxpayers may underreport their income, offer bribes to alter their tax liability. He also did not announce any changes to exchange control regulations. Property tax in africa lincoln institute of land policy. This technical assistance report on south africa was prepared by a staff team of the fiscal affairs department of the international monetary fund. The taxation industry is driven by legislation, with tax laws constantly changing. Copies of this report are available to the public from international monetary fund publication services. Aggressive tax planning indicators final report european. This report sets out an analysis of these tax challenges.
Tax rates and decomposition of corporate tax revenues 2015. Oct 08, 2017 no information provided herein may in any way be construed as legal advice from ensafrica andor any of its personnel. It is essential to manage the risk that taxation poses to businesses. Jul 31, 2017 why income tax compliance levels are low in kenya.
Valueadded tax vat on selected medical supplies abolished. For singapore, new zealand and denmark, the gap was 10%. Africa tax symposium trends in international taxation. Multinational organisations operating in africa face significant tax exposure and risks in the form of withholding taxes. It is based on the information available at the time it was completed on november 17, 2016. South africa economic update is on private investment for job creation. Keeping abreast of the changes in tax legislation and information is difficult when business owners are caught up in the daytoday affairs of managing their businesses.
Multinationals considering doing business on the continent need to consider the potential tax treatment of their transactions upfront, says elandre brandt, an international tax partner at pwc and head of the africa tax desk based in johannesburg. Taxation and our total economic contribution to public finances 2015. The best way to keep abreast of tax is to receive this information on a regular basis, like via the tax professional newsletter and magazine. Statutory corporate tax rates africa, americas, caribbean countries. The report prepared by imf staff and presented to the executive board in an informal session on february 6, 2015. Africa tax in brief 6 october 2015 tax south africa. The annual report team acknowledges the guidance of the senior management coordinating committee during the reports preparation.
It is based on the information available at the time it was completed on june 2015. This report builds on a 2007 gsma report that examined the impact of air time taxes in east africa1 and extends the analysis from air time taxes to those levied on handsets and equipment across the sub continent. Economic report on africa 20 making the most of africas commodities. A 2015 action aid study on tax incentives in west africa found that just three. It also acknowledges comments and contributions from departments and organizational units in the various. Prepared for the conference the economics of tax policy, to be held in washington, d. Jun 29, 2015 black tax is the streetname for hurdles, caused by structural discrimination, that black people have to overcome in order to access quality education and jobs.
Taxation and the growth of mobile services in subsaharan africa. A look at recent developments and historical trends. Revenue productivity implications of tax reform in tanzania. I hope worldwide tax summaries continues to be a valuable reference tool in helping you manage your organisations taxes around the world. South africa economic update public disclosure authorized.
This study employs a microsimulation approach using data from the income and expenditure survey of south africa for the periods. The mutual agreement procedure, exchange of information and assistance in the collection of taxes articles apply in both countries from march 30 2016. This report presents the highlights of the international migration report 2015, which contains the latest quinquennial estimates of international migrant stock for 232 countries or areas from 2000. For more information, see our annual report and our sustainable business report. The best way to keep abreast of tax is to receive this information on a. Pdf this report addresses the question whether the tax system in south africaespecially the tax incentives offeredare effective in. The minister did not announce any changes to the individual tax rates.
The africa initiative is expected to give a major boost to. The staff report prepared by imf staff and completed on january 29, 2015. South africa tax ensafrica 30 oct 2015 south africa. Oct 30, 2015 presidential legislative decree pld no. However, they report that their results are applicable to highincome and. Global automotive tax guide published by pwc november 2015 568 pages, numerous tables and figures the material contained in this guide reflects the position between december 2014 and april 2015 respectively september 2015 for argentina, brazil, canada, china, india, japan, malta, mexico. Addressing the tax challenges of the digital economy, action 1 2015 final report oecdg20 base erosion and profit shifting project addressing base erosion and profit shifting is a key priority of governments around the globe. On 14 june 2017, pursuant to the measures proposed in the 2017 budget, parliament passed the customs amendment bill, 2017, which amends the customs act, 2015 by abolishing customs duties on the importation of vehicular including motorcycles and bicycles spare parts. Economic report on africa 20 6 africas imperative to industrialize in todays global context t he global economy has, since the turn of the. Furthermore, he did not mention the introduction of export levies and capital gains tax. Vodafone group plc tax and our total contribution to public finances 201516. Much research identifies the provision of hard and soft. The section 6quin foreign tax rebate as an incentive for.
On march 30 2016, the senegalunited kingdom income uk tax treaty 2015 entered into force. Copies of this report are available to the public from. It also acknowledges comments and contributions from departments and organizational units in the various complexes of the bank. Economic report on africa 2015 united nations economic. Impact of taxation on growth in subsaharan africa munich personal. Highlights 2015 tax statistics 1 highlights 1 about this publication the 2015 tax statistics is the eighth edition of this publication and provides an overview of tax revenue collections and tax return information for the 2011 to 2014 tax years as well as the 201011 to 201415 fiscal years. Taxation and the growth of mobile services in subsaharan. Tax liabilities are calculated on a selfassessment basis. The report estimated the following differences between the tax that ought to be paid according to the statutes and that which is actually paid. Oecd ilibrary addressing the tax challenges of the. Tax incentives in west africa 4 this part of the report conducts a brief analysis on another missed opportunity to increase the tax base in ecowas. Paying taxes 2016 ten years of indepth analysis on tax systems in 189 economies.
The case of kenya 2 executive summary the tax base in kenya, as in most subsaharan african countries, is extremely narrow. While they are similar to import tariffs in their effects, export taxes remain very much the poor cousins of import tariffs in trade policy circles. There are various methods to calculate the payroll tax, depending on the nature of the supply and the legal form of the suppliers organization. This report builds on a 2007 gsma report that examined the impact of air time taxes in east africa1 and extends the analysis from air time taxes to those levied on. The tax professional was introduced into the professional accountant in august 2009 as saipas south african institute of professional accountants tax information platform. In subsaharan africa, taxation is perceived as a brake on growth. Unless otherwise decided, the accounting records and reports shall be prepared. Tax incentives can induce massive losses of government revenues, and can create tax competition.
Addressing the tax challenges of the digital economy, action 1 2015 final report the spread of the digital economy poses challenges for international taxation. Welcome to the 201617 edition of worldwide tax summaries wwts, one of the most comprehensive tax guides available. The tax year is the same as the financial year of the company. Taxes and incentives for renewable energy is designed to help energy companies, investors and other entities stay current with government policies and programs that support renewable energy from wind, solar, biomass, geothermal and hydropower. For argentina, peru and philippines, the gap was 40%. It is my privilege to present the annual report for brand south africa, detailing their programmes and activities, from 1 april 2014 to 31 march 2015. A read is counted each time someone views a publication summary such as the title, abstract, and list of authors, clicks on a figure, or views or downloads the fulltext.
By continuing to use our website, we assume you are okay with it. Pdf sector study of effective tax burden in south africa june 2015. Many black south africans pay a black tax and some. Black tax is the streetname for hurdles, caused by structural discrimination, that black people have to overcome in order to access quality education and jobs. Analysis of the special economic zones act, 2015 background the government has put emphasis on attracting foreign direct investment fdi and fast tracking implementation of the. Africa multinationals need to consider tax implications. As sezs all derive from the concept of free zones free from tariffs, taxes and red tape the basic components of incentives package are very similar across most types of zones and most geographies. The pace of job creation has been too slow in the past decade to meet south africas national development goal to create some 600,000 new jobs every year, to bring down the unemployment rate to. The africa center advances african security by expanding understanding, providing a trusted platform for dialogue, building enduring partnerships, and catalyzing strategic solutions. Why income tax compliance levels are low in kenya business. Zambia, 18 19 june 2015 ibfd 1st africa tax symposium trends in international taxation. The treaty generally applies from january 1 2017 in senegal and april 2016 in the uk.
Interpretation in this act, unless the context otherwise requires. The limited impact of commoditydriven growth on employment and social development has been aggravated by liberalizing reforms and globalization. This act may be cited as the special economic zones act, 2015 and shall come into operation upon the expiry of ninety days from the date of its publication. The purpose of this study is to examine the revenue productivity implications of tax reform in tanzania, focusing it as a way of raising the productivity of the tax system.
Industrializing for growth, jobs and economic transformation. The analysis below demonstrates that tax incentives. Fair taxation in the middle east and north africa international. Most services that are exempt from vat are covered by a payroll tax. Economic growth in africa, by economic grouping, 20152019. Quick tax guide 201617 driving progress next detail one context 20142015 a short descriptio n with additional detail detail one a short descriptio n with additional detail detail one a short descriptio n detail one a short descriptio n 30 15 11 8 64 detai l uni ts 7 e a il u i t s 19 a l n t s 568 units ta n i t s 50bn 2015 70bn 2016. Export taxes in the south african context tralac trade. Africas average tax revenue to gdp is below 16 per cent. Revenue statistics in africa follows the oecd tax classification where taxes. Riel franzsen and william m ccluskey property tax in africa.
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