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Serba Dinamik appoints two new independent directors | Money

KUALA LUMPUR, Feb 25 — Serba Dinamik Holdings Bhd has appointed two new independent non-executive directors (INEDs) effective today to strengthen its board composition. The newly appointed INEDs, Felix Chin Wui Choong and Ahmad Amryn Abd Malek, have been named as new members of the group’s...
Kuala Lumpur United States United Kingdom Datuk Abdul Kadier Sahab Ahmad Amryn Institute Of Management Accountants

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New Draft Interpretation Note on Intra-group Financial Transactions brings welcome clarity

SARS has released a new draft interpretation note that will help to clarify issues around intra-group loans, but several key issues still need to be addressed Debt is an important source of financing for investment.  However, intra-group financial assistance can create opportunities for base erosion and profit shifting.  Base erosion profit shifting (BEPS) refers to tax planning strategies used by multinational enterprises to "shift" profits from a higher-tax to a lower-tax j...
South Africa South African Webber Wentzel International Transactions Pricing Guidelines For Multinational Enterprises National Treasury

To object or take SARS on review – that is the question

A recent transfer pricing case raised a number of interesting issues about procedure in the event that a taxpayer disputes SARS’s findings following an audit South Africa has seen its third "transfer pricing" case which, once again, does not actually deal with the merits of the transfer pricing analysis.  Following on from Crookes Bros and the ABC case, United Manganese of Kalahari (Pty) Ltd v The Commissioner for the South African Revenue Service considers the merits of pro...
South Africa South African Double Taxation Convention Tax Court United Manganese Of Kalahari Pty Ltd Income Tax Act Or Administration

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