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The Public Company Accounting Oversight Board levied a $200,000 penalty Monday against KPMG’s member firm in South Africa and a combined $75,000 in penalties against two of its partners for improperly using and misreporting a KPMG member firm in Zimbabwe that wasn’t registered with the PCAOB to help with its audits. The sanctions concerned 2015, […]

The Tax Administration Act in South Africa permits the warrantless search and seizure of a taxpayer’s property by the South African Revenue Service. However, this has been under scrutiny for many years due to its potential to infringe the right to privacy as enshrined in the South African Constitution. A recent case highlighted this matter

The South African Revenue Service declared a statement of intent towards enhancing voluntary compliance by High Wealth Individuals in the country, after it established a dedicated HWI unit in 2021. And a  presentation by the head of the Revenue Service’s HWI unit has confirmed which wealthy taxpayers the service is targeting. Director Natasha Singh said