Will Advance Pricing Agreements Advance the South African Economy?

National Treasury has provided their responses to the public comments on the annual draft tax law amendment bill! Although still a work in progress, there are some pertinent proposed changes. From a global business expansion perspective, one such proposal is the inclusion of the use of “Advanced Pricing Agreements” (“APAs”) in South African domestic law, to regulate “affected transactions”. Per National Treasury’s explanation, the aim of implementing APAs is not only to keep up with international trends, but also per recommendation of the Davis Tax Committee.

SARS Quick to Issue Civil Judgements on Tax Debts – Pay Up or Face the Consequences - Jashwin Baijoo

Jashwin Baijoo
Head of Strategic Engagement and Compliance