Print Page   |   Report Abuse
News & Press: Transfer Pricing & International Tax

New tax treaty between SA and Mauritius

28 May 2013   (0 Comments)
Posted by: Author: SAPA (Moneywebtax)
Share |

Source: SAPA (Moneywebtax)

South Africa has signed a new tax treaty with Mauritius, accounting firm PriceWaterhouse Cooper (PwC) said on Sunday.

The abuse of the old, 1996 treaty was the main reason for the new treaty, said PwC international tax senior manager Johan Hatting (SUBS: CORR).

Some had feared the SA Revenue Service and the National Treasury would simply terminate the treaty because it was being abused by South African multinationals, he said.

"In essence, the good news is that South Africa will still have a tax treaty with Mauritius in the future."

Click here to access the full article.


WHY REGISTER WITH SAIT?

Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.

MINIMUM REQUIREMENTS TO REGISTER

The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

Membership Management Software Powered by YourMembership  ::  Legal