Part 1 of a report to G20 Development Working Group on the impact of BEPS in Low Income Countries
At the G20’s request, the OECD is leading the development of a strategy to address base erosion and profit shifting (BEPS). The Development Working Group (DWG) has asked the OECD to draw together the experiences of developing countries and international organisations in a report (of which this is Part 1) on the main sources of BEPS in developing countries and how these relate to the OECD/G20 BEPS Action Plan (‘the Action Plan’) on this issue. Annex A of this report identifies the relative significance to developing countries of each of the 15 Actions contained in the Action Plan.
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.