Double Taxation Agreement Between South Africa And Portugal

The differences between the tax systems of different countries have been clarified. The members of the Committee welcomed the conclusion of the agreement with Portugal and the amounts of investment from foreign operations. Protocol The tax treaties between the RSA and Portugal, Saudi Arabia and Switzerland are ratified: National Treasury (NT) Briefing Ms. Yanga Mputa, Director: Legal Tax Design, National Treasury, briefed the Committee on the process of approving tax agreements and economic developments arising from tax agreements. She said tax treaties reflected each country`s fundamental tax choices. Parliament had to approve any tax treaty before it was binding, and in South Africa, this authorization was granted in accordance with section 231 of the Constitution, in conjunction with section 108(2) of the Income Tax Act.

This entry was posted in Uncategorized. Bookmark the permalink.