New transfer pricing documentation requirements
The transfer pricing regime in the Income Tax Act, 58 of 1962, is regulated by section 31 of that Act. It in essence requires that cross-border transactions be entered into on an arm’s length basis where connected persons transact with one another. The obvious mischief sought to be countered is for connected persons to charge […]
Documentation required for Income Tax Returns – Individuals
2015 Deadlines for Income Tax Returns for Individuals: 30 September 2015 – Manual Submission 27 November 2015 – eFiling Submission (non-provisional taxpayers) 29 January 2016 – eFiling Submission for Provisional taxpayers The following documents should, if applicable, be submitted to the accountant who completes your tax return and should be available if the South African […]