TAXATION Tag

South Africa's new president, Cyril Ramaphosa, has suspended the head of the tax service ahead of "disciplinary proceedings" as he vows to fight graft following his predecessor Jacob Zuma's ousting.Read More
Johannesburg (AFP) South Africa’s new president, Cyril Ramaphosa, has suspended the head of the tax service ahead of “disciplinary proceedings” as he vows to fight graft following his predecessor Jacob Zuma’s ousting. In a statement released late Monday, Ramaphosa announced that Tom Moyane had refused to resign as the South African Revenue Service (SARS) commissioner and had then been suspended. Ramaphosa has replaced his finance minister and several other senior officials since coming to power last month, when graft-tainted Zuma was pushed out of office by the ruling African NationalRead More
Namibia on Wednesday criticised its listing on a new European Union blacklist of tax havens as unjust and biased, blaming the status on missing a deadline to comply.Read More
South Africa's tax service said Monday it may sue auditor KPMG after it retracted a report it wrote that was used by the president to fire the former finance minister.Read More
Johannesburg (AFP) South Africa’s tax service said Monday it may sue auditor KPMG after it retracted a report it wrote that was used by the president to fire the former finance minister. South African Revenue Service (SARS) commissioner Tom Moyane told a press conference that KPMG’s decision to annul the report that was requested by his department was “abhorrent, unprofessional and unethical conduct”. KPMG South Africa last week cleared out its senior management, offered to repay the report’s $1.7 million (1.4 million euros) cost as well as retracting the dossierRead More