Tax synopsis

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Synopsis Tax today - October 2019

A monthly journal, published by PwC South Africa, that gives informed commentary on current developments in the tax arena, both locally and internationally. 

Through analysis of and comment on new laws and judicial decisions of interest, Synopsis helps executives to identify developments and trends in tax law and revenue practice that may affect their business.

In this edition:

We discuss inventory accounting practices and taxation whilst analysing the decision of the Supreme Court of Appeal in the matter of CSARS v Atlas Copco South Africa (Pty) Ltd.

Under tax policy developments we comment on the proposed amendment in this year’s Taxation Laws Amendment Bill (‘the TLAB, 2019’) to section 31 of the Income Tax Act, 1962. The proposed amendment introduces the concept of ‘associated enterprise’ into section 31 of the Act and expands the scope of the transfer pricing rules to include transactions between persons that are ‘associated enterprises’ as described in the OECD Model Tax Convention.

Article 10 of the ‘Tax Director Series’ looks at the responsible taxpayer through a new lens of transparency in relation to corporates as a visible and valuable part of society.


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Sonja Nel

Associate Director, PwC South Africa

Tel: +27 (0) 11 797 4207

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