News24 Business front pageThe Base Erosion Profit Shifting Multilateral Instrument , aimed at countering tax avoidance by multinational enterprises, has been gazetted, National Treasury said in a statement on Thursday.
The BEPS MLI arose from an OECD/G20 project aimed at tackling base erosion and profit shifting across borders, which resulted in a list of 15 target actions in 2015. These actions were aimed at preventing treaty abuse and ensuring profits are taxed appropriately in a cross-border context, and included updates to thousands of tax treaties.
The BEPS MLI will apply alongside existing tax treaties and will see a number of South Africa's tax treaties being modified. SA currently has 79 bilateral tax treaties in force, and 76 of these tax treaty countries have been listed by SA in the notifications and reservations that will be covered by the BEPS MLI. After these countries have ratified the BEPS MLI, these tax treaties will meet the tax-related BEPS requirements without needing to renegotiate existing bilateral tax treaties.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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WATCH: SA’s cement industry crumbling under challengesBusiness Day TV speaks to Business Day energy writer Denene Erasmus
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Could KZN cane growers’ plan to save the industry work?It's been described as viable and ‘having merit’ – but the business of extracting businesses from a business that is in business rescue is likely to be quite complex.
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Can KZN cane growers’ plan to save the industry work? | The CitizenIn a race against time to save the sugar industry from disaster, cane growers in KwaZulu-Natal have formed a consortium and submitted a proposal to the business rescue practitioners. Click here 📰
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Twitter has stopped enforcing its Covid-19 misinformation policy under Elon Musk's ownership | Business InsiderIn yet another change around content moderation since Musk's takeover, Twitter is no longer enforcing its Covid-19 misleading information policy. Yes yes it's clear you hate Musk. If he breathes you post something. Luckily the truth is coming out for all you MSM 🖕
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Upping its app game: Foschini-owner TFG says it's ready for Amazon's SA arrival | BusinessFoshini-owner TFG says it is ready for the competition amid the expected launch of Amazon in SA, also eyeing a potential long-term sales boost, as the US e-commerce giant’s entry should help encourage more consumers to embrace online shopping. This doesn't really help as some other company own Game and Makro and see how expensive things are under a US company owned. Same is with Amazon. Bozo see an opportunity under SA high unemployment. It won't benefit our people.
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