Tax & Accounting Blog

South Africa Increases Transfer Pricing Documentation Requirements

South Africa Increases Transfer Pricing Documentation Requirements

On October 28, 2016, the South Africa Revenue Service (SARS) issued Notice No. 1334 concerning additional transfer pricing documentation requirements, under Section 29 of the Tax Administration Act, for South African companies with cross-border related-party transactions that exceed R 100 million each year in the aggregate. If the threshold is met, the additional … Read More

Holiday Transaction Volumes & Your Tax Determination System

Holiday Transaction Volumes & Your Tax Determination System

We’ve discussed the importance of knowing your products, your customers and your tax reach.  We have also examined the challenges with taxing shipping and freight.  Now it is time to make sure that your tax determination systems can support all of the holiday transaction volumes. Ensuring you have the right infrastructure in … Read More

Trade Between Brazil and Canada – Past, Present and Future (Pt 2)

Trade Between Brazil and Canada – Past, Present and Future (Pt 2)

Trade Relations Between Brazil and Canada Brazil and Canada are extremely important to each other from a bilateral, regional and multilateral view. Diplomatically, both countries share values, mutual and democratic interests, as well as many similarities, such as support for inclusive growth to promote human rights and democracy, innovation in science and technology, and especially … Read More

You’re Ready for Free Shipping Day…What About Those Other 364 Days?

You’re Ready for Free Shipping Day…What About Those Other 364 Days?

In our previous blogs we shared insights about determining your tax research, the taxability of your products, and the taxability of your customers. Next up is determining the taxability of shipping and freight charges. When shipping is free you don’t need to worry about whether to charge your customer sales tax on it or … Read More

Brazil Publishes Consultation on Implementation of Country-by-Country Reporting

Brazil Publishes Consultation on Implementation of Country-by-Country Reporting

On November 7, 2016, Brazil’s Ministry of Finance and the Brazilian IRS published Public Consultation RFB No.11/2016 to implement annual country-by-country (CbC) reporting in Brazil. See BEPS Action 13. The consultation runs from November 7 to November 21, 2016. The consultation says that if Brazil does not implement CbC reporting, then … Read More