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Tax compliance is a requirement for private and public entities. How is South Africa encouraging tax compliance?

: In a significant stride towards a tech-driven future, Dubai has once again demonstrated its unwavering commitment to technological advancement with the recent launch of the Dubai Centre for Artificial Intelligence (DCAI).Launched by His Highness Sheikh

DUBAI, 22nd June, 2023 (WAM) -- In a significant stride towards a tech-driven future, Dubai has once again demonstrated its unwavering commitment to technological advancement with the recent launch of the Dubai Centre for Artificial Intelligence (DCAI). Launched by H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council, the ground breaking initiative further strengthens Dubai's status as one of the world's most technologically advanced cities. DCAI is poised to revolutionise the deployment of future technologies...

On 24 May 2023, the South African Revenue Service (SARS) released Interpretation Note 129 (IN129), which provides clarity on the interpretation and application of the phrase “maximum tax rate applicable to the taxpayer” in section 222(5) of the Tax Administration Act 28 of 2011 (“TAA”). This is specific to when the applicable tax rate to the shortfall of payment of tax, by a taxpayer, as a result from an understatement of their tax liability is applied under subsections (3) and (4).   SARS stated in IN129 that the main purpose of the understatement penalty reg...

Kuala Lumpur: Seeking to build up Malaysia’s revenue, the Inland Revenue Board (IRB) is also offering a full reset for those who have yet to pay their taxes to do so through its Special Voluntary Disclosure Programme 2.0 (SVDP) programme, The Star reported.