Personal Perspectives: KPMG Private Client Magazine 2016
Welcome to Personal Perspectives, the first edition of our Private Client tax publication, We launch at a time when tax is on the Government’s agenda and once again in the news. There is a significant momentum behind greater global transparency, and increased focus on the obligations of both corporates and individuals to pay their fair share of tax and contribute to the costs of running public services.
With the start of the Special Voluntary Disclosure Program a little over two months away (October 1st) the window for regularisation of tax and exchange control rules on overseas assets is closing at the same time as a new era on exchange of information and country by country reporting is about to kick off. It is clear that the net is tightening on South African’s who illicitly moved funds out of the country and failed to declare them for tax and exchange controls.
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