Saturday, April 22, 2017 - 13:30 | Ministry of Finance
Profits paid by Insurance Companies to the Life Insurance Policyholders under the form of return on investment of their Life Insurance paid premium, is subject to a 10% tax upon their cash payment or their final registration as due to them.Download
Monday, April 3, 2017 - 16:45 | Ministry of Finance
Kindly find attached Minister of Finance Decision No. 211/1 dated 31 March 2017 which provides reductions on tax penalties. This decision cancels all previous decisions.
This decision covers violations occurring until its publication date in the official gazette (inclusive), which is expected in the coming few days.
As per Article 5 of this Decision, proportional realization penalties are reduced by 85% while lump-sum realization penalties are reduced by 60%.
As per Article 7 of this Decision, late payment penalties are reduced by 75%.Download
Friday, February 24, 2017 - 15:00 | Ministry of Finance
In connection with Minister of Finance Decision No. 114/1 dated 24 February 2017, the deadline for filing and paying the annual tax on salaries declarations (Forms "R5", "R6", and "R7") of year 2016 has been extended until 15 March 2017.
Friday, January 20, 2017 - 13:00 | Ministry of Finance
In connection with Minister of Finance Decision No. 31/1 dated 20 January 2017, the deadline for declaring and paying the Value Added Tax for the fourth quarter of year 2016 has been extended until 31 January 2017.Download
Friday, December 2, 2016 - 18:00 | Ministry of Finance
This announcement emphasizes the importance of substituting bearer shares to nominal shares in order to avoid penalties.Download