South Africa tightens up on offshore tax evasion

South Africa tightens up on offshore tax evasion

In a statement issued on 12 October 2013, the South African Ministry of Finance announced that South Africa will work closer with the UK to tackle offshore tax evasion, and that South Africa will join the pilot scheme for automatic exchange of tax information launched by the UK, along with France, Germany, Italy and Spain.

1000

Director International Tax

KPMG in South Africa

Contact

Also on KPMG.com

Offshore tax evasion

This initiative has received growing support worldwide, demonstrating the growing number of jurisdictions committed to quickly implementing the new standard in the automatic exchange of tax information being developed by the OECD.

Greater automatic information exchange will provide a step change in the Ministry of Finance's ability to expose hidden assets and ensure the correct payment of tax.

Read the full statement by the Ministry of Finance at www.treasury.gov.za (PDF 32KB) 

Legal Services

Our professionals work with subject matter experts to deliver tailored and insightful legal advice to each of our clients.

 
Read more

Connect with us

 

Request for proposal

 

Submit

KPMG’s new-look website

KPMG has launched a state of the art digital platform that enhances your experience and provides improved access to our content and our people, whatever device you are on.

 
Read more