South Africa: Advisory committee’s recommendations | KPMG | GLOBAL

South Africa: Advisory committee’s recommendations concerning taxation

South Africa: Advisory committee’s recommendations

An advisory panel (known as the Davis Tax Committee) has recommended that the minister of finance create a board to supervise the operations of the South African Revenue Service (SARS). The recommendations are silent as to whether this new “watch dog” may be called upon by aggrieved taxpayers to lodge complaints against SARS and, effectively, to act as an alternative mediator between SARS and taxpayers.

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In meeting its base erosion and profit shifting (BEPS) compliance, SARS has undertaken various activities, including:

  • Targeted audit interventions for 300 large corporate taxpayers
  • Leveraged assistance of foreign revenue agencies offered to enhance the audit capability
  • Enhanced 2016 corporate income tax returns to obtain a clear view on all multinational enterprises
  • Information on BEPS-related transactions
  • Improved transfer pricing reporting for large corporate taxpayers

The committee has also recommended that a tax specialist be appointed to investigate complex group transactions in order to enhance its cash collections. 

 

Read a December 2017 report [PDF 89 KB] prepared by the KPMG member firm in South Africa

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