Results for tax evasion

News

Millions stolen by Bobroffs should be forfeited to State, court rules
Millions stolen by Bobroffs should be forfeited to State, court rulesArticle

The SCA has dismissed with costs the appeal by Ronald and Darren Bobroff against an order of the North Gauteng High Court granting the permanent forfeiture of more than R103 million...

59 minutes ago

Fica and KYC compliance for property professionals
Fica and KYC compliance for property professionalsArticle

LexisNexis will host a free webinar on 4 May 2021 at 10am, specifically looking at KYC verification as a subset of Fica compliance...

Issued by LexisNexis 22 Apr 2021

Fixing SA's tax challenges the Al Capone way
Fixing SA's tax challenges the Al Capone wayArticle

Judge Dennis Davis believes that an Al Capone strategy should be applied to nab those who are not paying their fair share of tax...

13 Apr 2021

Post-Covid-19: A chance to leapfrog Africa's development through digitalisation
Post-Covid-19: A chance to leapfrog Africa's development through digitalisationArticle

Africa recorded remarkable economic growth in the first 15 years of the 21st century, largely because of positive trends in the export of primary commodities...

Cristina Duarte 16 Mar 2021

Nazrien Kader, group head of tax, Old Mutual
#BudgetSpeech2021: Moment for contemplation, followed by a leap of faithArticle

Names of places in South Africa are fascinating. My favourite is a place in the Northern Cape called Stilstaan-en-Afspring. I have never been there but I have often wondered how it got its name...

Nazrien Kader 23 Feb 2021

Africa can finance its development but needs a paradigm shift
Africa can finance its development but needs a paradigm shiftArticle

Africa faces its worst economic recession in 25 years, largely due to the Covid-19 pandemic...

Matilda Moyo 22 Dec 2020

Sars commissioner Edward Kieswetter
Kieswetter elected vice chair of African tax forumArticle

South African Revenue Service (Sars) commissioner, Edward Kieswetter, has been appointed as vice chair of the Africa Initiative by the Global Forum on Transparency and Exchange of Information for Tax Purposes...

15 Dec 2020

National Treasury moves to increase the potential criminal liability for errant taxpayers
National Treasury moves to increase the potential criminal liability for errant taxpayersArticle

A number of actions may lead to taxpayers being held criminally liable, with recent proposed tax changes raising the stakes significantly for taxpayers who may now get caught in the criminal net...

Dr Albertus Marais 26 Oct 2020

Webinar: Don't blame SA's booming illegal cigarette trade on lockdown alone
Webinar: Don't blame SA's booming illegal cigarette trade on lockdown aloneArticle

In a webinar held by PSG, Jacques Pauw, author of The President's Keepers, told viewers the lockdown is only part of the reason the illegal cigarette trade in SA is thriving...

8 Jul 2020

Milton Segal
Beneficial ownership - a South African perspectiveArticle

Financial crime in the world is a significant problem that South Africa and the global community have to deal with on a continual basis...

11 Jun 2020

Lessons from Al Capone on taxpayers' rights to confidentiality
Lessons from Al Capone on taxpayers' rights to confidentialityArticle

Al Capone, the infamous American mobster, was convicted of tax evasion as it was easier for the US Attorney General to secure a conviction for tax offences than comply with the evidentiary requirements of his other crimes. But what right does the South African taxpayer have for the information disclosed to Sars to be kept confidential?

Graeme Palmer 24 Feb 2020

Shutterstock
Many countries regulate e-cigarettes. South Africa should tooArticle

Opinions differ on how to regulate electronic cigarettes. But dozens of countries are taking action. In Africa, Kenya already taxes these products, and South Africa is preparing to follow...

Laura Rossouw 6 Feb 2020

Digital traders will not escape taxation. Create Jobs 51/Shutterstock
Kenya's tax on digital trade and services: what's known and not knownArticle

Kenya will start levying new tax on digital markets under a new law signed by the president early in November...

Mercy Muendo 9 Dec 2019

Is South Africa's economic challenge moving the country into a debt trap?
Is South Africa's economic challenge moving the country into a debt trap?Article

South Africa's economy is in a precarious state, judging from Minister of Finance, Tito Mboweni's 2019 Medium Term Budget Policy Statement (MTBS). ..

Issued by TSIBA 3 Dec 2019

Small businesses need a proactive approach against financial crimes
Small businesses need a proactive approach against financial crimesArticle

Small businesses are as much at risk of financial crimes, such as money laundering, tax evasion, and terrorist financing activities, as their larger counterparts...

Issued by LexisNexis 7 Oct 2019

Unpacking responsibility in terms of the Financial Intelligence Act
Unpacking responsibility in terms of the Financial Intelligence ActArticle

Financial crimes harm South Africans in many ways but fundamentally, they contribute to the depletion of funds and resources that should be put towards the country's development...

Rudi Kruger, Issued by LexisNexis 4 Oct 2019

Settling with Sars - revisiting some practical perspectives
Settling with Sars - revisiting some practical perspectivesArticle

Can there be a settlement with Sars if an objection was raised out of time? What are the advantages of reaching a settlement? What are the costs of not resolving a dispute? Our article aims to provide enlightenment...

Joon Chong and Ruan Kotze 4 Sep 2019

The statue of founding president Mwalimu Julius Nyerere in Tanzania’s political capital Dodoma. Credit: WikiCommons.
Why Tanzania's attacks on free speech break with Nyerere's legacyArticle

Nyerere often argued that Tanzanians should not be afraid to challenge authority. He also spoke out strongly for freedom of speech...

Nick Westcott 3 Sep 2019

Protesters from two of Benin's unions take part in a demonstration after the parliament approved a law restricting to 10 days public sector employees’ right to strike, on September 13, 2018, in Cotonou. Journalist Ignace Sossou convicted of false news in Benin on August 12, 2019. Crdit: CPJ/AFP/Yanick Folly.
Journalist Ignace Sossou convicted of false news in BeninArticle

The government of Benin should act to decriminalise press offenses, the Committee to Protect Journalists said last week, after journalist Ignace Sossou was convicted of false news for reporting on corporate finances...

27 Aug 2019

Freelance journalist Erick Kabendera, who is detained in Tanzania. Credit: CPJ/Jamii Forums.
Tanzania switches track, charges Kabendera with economic crimesArticle

Prosecutors in Tanzania today charged freelance journalist Erick Kabendera with money laundering, tax evasion, and assisting an organized crime racket...

7 Aug 2019

Mauritius is a popular tax haven. Image source: Getty/Gallo
#MauritiusLeaks shows the urgent need to combat profit shiftingArticle

According to a recent expose, Mauritius (ranked in the top 15 corporate tax havens, with a statutory corporate tax rate of 3%) is another favourite destination of transnational companies (TNCs)...

23 Jul 2019

Working together to create a skilled and high-functioning workplace
Working together to create a skilled and high-functioning workplaceArticle

The newly appointed CEO of Fasset, Ayanda Mafuleka CA(SA) is passionate about using her position to better the lives of South Africans by steering the organisation's strategy towards the UN's Sustainable Development Goals (SDGs) of Quality Education (SDG 4), Decent Work (SDG 8) and Strong Institutions (SDG 16)...

Roberta Coci, Issued by SAICA 5 Jul 2019

Image source: Getty/Gallo
6 Sars audit tips for the capturedArticle

What should Edward Kieswetter's first actions be now that he has taken over the reins at South African Revenue Service (Sars)?

Jean du Toit 2 May 2019

Graeme Palmer
Sars and penalties for understatementArticle

In addition to the tax payable, the South African Revenue Service (Sars) can impose penalties on a taxpayer for an understatement...

Graeme Palmer 26 Mar 2019

Bridget King
Robust regulations on the cards for crypto assetsArticle

The South African Reserve Bank (Sarb) and other regulators issued a consultation paper in January which points towards robust regulations for crypto assets...

6 Mar 2019

Papering over the cracks
Papering over the cracksArticle

This was always going to be one of South Africa's toughest budgets with enormous pressure on government resources in an extremely difficult economic environment...

22 Feb 2019

Steinhoff CEO Markus Jooste was an excessively dominant, forceful and feared boss. Shutterstock
Book on Steinhoff's demise shows danger of 'big men' business leadersArticle

The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history...

Mills Soko 27 Dec 2018

Book on Steinhoff's demise shows danger of 'big men' business leaders
Book on Steinhoff's demise shows danger of 'big men' business leadersArticle

The collapse of Steinhoff International, the multi-billion dollar global business group, has been rightly described as the biggest corporate scandal in South African history...

Mills Soko 16 Nov 2018

John Kamaro, director for Global Gaming Africa
Blockchain as a solution to Africa's challengesArticle

Africa is rising and technology is at the forefront of growth on the continent...

Katy Micallef 19 Sep 2018

Two found guilty of defrauding Sars
Two found guilty of defrauding SarsArticle

A bogus tax practitioner was one of two people sentenced to a combined 26 years direct imprisonment for defrauding the South African Revenue Service (Sars)...

29 Aug 2018

Stephan Haynes of Gillan and Veldhuizen
Cryptocurrency, death and divorce. How it worksArticle

As cryptocurrency is a relatively new kid on the block, so to speak, the full legal ramifications of what happens to it in the event of a death or divorce are still being explored...

15 Aug 2018

Do you understand Sars' tax understatement penalty behaviours?
Do you understand Sars' tax understatement penalty behaviours?Article

On 1 October 2012 the understatement penalty regime was introduced to replace the additional tax regime...

Esther Geldenhuys 9 Jul 2018

Tanzania. Credit: CPJ.
Freedom of expression 'deteriorating' under MagufuliArticle

Tanzania's new law regulating online-related content is continuing to generate protest. Critics say President John Magufuli is deliberately targeting freedom of expression...

23 Apr 2018

Era of mega leaks: A lesson from Panama Papers
Era of mega leaks: A lesson from Panama PapersArticle

The time is now ripe for organisations to employ forward-looking risk mitigation and reputation management strategies. The story of the Panama Papers has changed the world...

Victor Moreriane 29 Mar 2018

'Panama Papers' law firm shuts down operations
'Panama Papers' law firm shuts down operationsArticle

The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced on Wednesday it would shut down operations, citing negative press and what it called unwarranted action by authorities...

16 Mar 2018

Steinhoff: mess began in central Europe
Steinhoff: mess began in central EuropeArticle

Steinhoff chairwoman Heather Sonn said it appeared that the group's "accounting irregularities" related largely to its central European business...

Ann Crotty 2 Mar 2018

How to practise good business
How to practise good businessArticle

The Gupta saga and ethical indiscretions at Steinhoff, McKinsey and KPMG have most recently shone the spotlight on unethical business practises in South Africa...

23 Feb 2018

FICA: Being an accountable institution and following client due diligence
FICA: Being an accountable institution and following client due diligenceArticle

The FIC Act is designed to enable authorities to better understand the movement of money in order to reveal unlawful activities. However, the regulations therein not only pertain to transgressors of the Act, but also companies involved in a business relationship with those companies...

Hondo Swartz 9 Feb 2018

Patricia Williams, partner at Bowmans
How to save SarsArticle

The performance of Sars and the path it has been taking has been called into question of late, with a number of tax-related bombshells being dropped one after the other in recent months...

Patricia Williams 29 Jan 2018

Image credit:
Steinhoff's reputation is in tattersArticle

Steinhoff faces the threat of becoming the biggest bankruptcy in South African corporate history. How does this happen? Regine le Roux reckons it all boils down to lack of internal governance...

Regine le Roux 29 Dec 2017

What the amendments to the Taxation Laws Amendment Bill mean
What the amendments to the Taxation Laws Amendment Bill meanArticle

Some of the notable changes to the tax laws include a clause that will address the abuse of contributed tax capital provisions and broader options for retirees...

Faith Ngwenya 14 Dec 2017

Steinhoff's ruined reputation down to lack of internal governance
Steinhoff's ruined reputation down to lack of internal governanceArticle

Even though Christo Wiese has taken the helm as the interim CEO and is trying to stabilise the ship through the storm, Steinhoff faces the threat of becoming the biggest bankruptcy...

12 Dec 2017

Reasons to gracefully accept reduced penalty assessments
Reasons to gracefully accept reduced penalty assessmentsArticle

The case of ABC Proprietary Limited v C: SARS suggests that taxpayers should carefully consider their options before challenging reduced penalty assessments, as courts may not find in their favour...

Joon Chong and Hillary Botha 24 Oct 2017

Africa Week: Unleashing the continent's potential
Africa Week: Unleashing the continent's potentialArticle

Kicking off Africa Week, UN chief says women and youth can unleash continent's potential...

19 Oct 2017

Contaminated eggs show continuing problems with supply chain
Contaminated eggs show continuing problems with supply chainArticle

Another food scandal: this time eggs used for making sandwiches and other processed products that contain traces of an insecticide called fipronil...

Lisa Jack 16 Aug 2017

Cash is no longer king. All hail digitisation
Cash is no longer king. All hail digitisationArticle

Cold, hard cash has been on the decline in mature first world economies since the 1990s when electronic banking started becoming popular.

Peter Alkema 14 Aug 2017

Trevor Hoole, CEO of KPMG South Africa
KPMG issues statement on Gupta tiesArticle

Trevor Hoole, CEO of KPMG South Africa, has issued a statement on the auditing firm's relationship with the Gupta group...

11 Aug 2017

How Fica affects politically exposed persons
How Fica affects politically exposed personsArticle

President Jacob Zuma signed the Financial Intelligence Centre Amendment Act into law on 26 April 2017, avoiding expulsion from the Financial Action Task Force...

2 Aug 2017

Finance Minister gazettes provisions of FICA Act
Finance Minister gazettes provisions of FICA ActArticle

Finance Minister Malusi Gigaba has signed and gazetted the coming into operation of various provisions of the Financial Intelligence Centre Amendment (FICA) Act, 2017...

14 Jun 2017

Next >
Let's do Biz