Several countries have abolished net wealth taxation over the last two decades. These include a number of developed countries such as Denmark, Germany, Finland, Sweden, and Spain (partly reintroduced in 2011). The main reasons include the rising costs of classification and measurement of net...

With the increase in the VAT rate effective from 1 April, one of the many concerns which taxpayers still have, is how to complete their VAT returns. This especially relates to vendors who are registered on the bi-monthly basis [Category-B].

Recent reports that the Independent Regulatory Board for Auditors (IRBA) would seek to split the structure and functioning of audit and advisory firms lacks the clarity that would be expected from an announcement of this magnitude.

Since the financial crisis of 2008, banks have faced increasing regulatory scrutiny and a growing number of rules to follow. For many mid-sized banks, regulatory compliance is a costly and complex web to manage.

On 28 March 2018, SARS released a guide on understatement penalties (the SARS Guide). The SARS Guide is welcomed and provides practical guidance on how SARS determines the amount of the penalty to be imposed and the various factors it must consider when doing so. This is of particular importance...

BDO analyses the EU’s proposals for an interim tax on the revenues of digital companies.

Data volumes continue to grow despite efforts to reduce digital footprints across the organization. Wherever you look, every part of your organization stores data. Do you know where your EU personal data resides? Can you easily find it, correct it, provide a copy of it to a data subject, or even...

BDO is working proactively with blockchain. We are looking at ways of developing new solutions and services, as well as augmenting existing ones, via blockchain and smart contracts. The goal is to add value to our clients' business processes, drive innovation, boost efficiency and create a 21st...

The 1st of April 2018 marks the beginning of a number of tax changes in South Africa. One such change is the introduction of the Sugary Beverages levy (SBL).