Johannesburg, 26 February 2021 – Base Erosion and Profit Shifting (BEPS), which is often mentioned in the context of transfer pricing, concerns the shifting of profits from one entity within a multinational group to another by means of strategic tax planning, from a higher tax jurisdiction to a lower one.

Johannesburg, 26 February 2021 – Much confusion and debate seems to exist in the market regarding the changes to the access to retirement benefits (pension preservation funds, provident preservation funds and retirement annuity funds) on emigration.

Johannesburg, 26 February 2021 – In the 2021 Budget Speech, the Minister of Finance, Tito Mboweni, allocated an additional R3 billion to the South African Revenue Service (SARS) to improve technology, data and machine learning capability.