• UK 2018 Spring Statement – allowing Entrepreneur’s Relief on gains made prior to a dilution

    The Government is consulting on its proposal to introduce legislation in the Finance Bill 2018/2019 to allow individuals to claim Entrepreneur’s Relief (ER).

    March 14, 2018

  • United Biscuits: VAT exemption for non-insurers

    The VAT treatment of investment management fees incurred by defined benefit pension funds has once again been considered by the High Court.

    March 13, 2018

  • Venezuela – Adjustment of the Tax Unit Value

    Administrative Ruling N° SNAT/2018/0017 (the Ruling) was published in the Official Gazette of the Bolivarian Republic of Venezuela N° 41,351 dated March 1, 2018, through which the National Tax Authorities (SENIAT) adjusted the value of the tax unit (TU) from 300.00 Bs. (Bolivars) to 500.00 Bs.

    March 13, 2018

  • EU Directive on mandatory disclosure for intermediaries

    The EU Member States have today endorsed the Commission’s proposals for a directive forcing intermediaries to disclose cross-border tax arrangements which are seen as tax aggressive.

    March 13, 2018

  • Budget 2018 – cannabis taxation

    On February 27, the Minister of Finance introduced the 2018 federal budget (Budget 2018), which proposed to implement the new excise duty framework for cannabis that was originally proposed in November 2017, to be effective when non-medical cannabis sales become legal in Canada.

    March 09, 2018

  • Canadian federal budget 2018 – tax measures

    The 2018-2019 Federal Budget (Budget 2018) was tabled in the House of Commons by the Minister of Finance on February 27.

    February 27, 2018

  • The RCF IV Case - a pyrrhic victory for taxpayers?

    Renowned expert Paul O'Donnell outlines the practical implications of the recent court ruling on Cayman Island Limited Partnerships.

    February 26, 2018

  • VAT, customs & excise

    Effective from 1 April 2018, there will be a 1% increase in the standard VAT rate from 14% to 15%. This is aimed at reducing the current deficit by bringing in an additional R22.9 billion to the fiscus. This will be the first increase of the VAT rate since 1993.

    February 21, 2018

  • South African National Budget Speech 2018

    The South African budget speech was delivered on 22 February 2017. Many of the measures are geared to the taxation of individuals, including those with a sweet tooth.

    February 21, 2018

  • International tax and exchange control

    Draft legislation released in 2017 provided that local distributions by discretionary foreign trusts or foreign foundations to individuals and local trusts will be taxable on revenue account in the hands of South African resident beneficiaries.

    February 21, 2018