Tax & Accounting Blog

South Africa Customs Legislation Is Changing For The Future

South Africa Customs Legislation Is Changing For The Future

New legislation will affect customs systems, processes and policies In order to cope with demands of growing global trade and challenges of organized crime, South Africa is moving  forward with international trends  in modernizing customs systems to minimize their disruptive effect on legitimate trade (as much as possible).  International conventions such as the Revised Kyoto … Read More

U.S. Publishes Final CbC Regulations in the Federal Register

U.S. Publishes Final CbC Regulations in the Federal Register

On June 29, 2016, the U.S. Internal Revenue Service (IRS) and Treasury issued final country-by-country (CbC) regulations that will apply to U.S. persons that are the ultimate parent entities of a multinational enterprise (MNE) group that has annual revenue for the preceding annual accounting period of $850,000,000 or more. See OECD Read More