Tax & Legal News - Issue 2, February 2016

In this issue: PwC Reports, Official Pronouncements, Supreme Tax Court Cases, From Europe and From PwC

PwC Reports

  • Treaty override constitutional

Official Pronouncements

  • Investment income withholding tax update
  • Foreign businesses may not recover VAT on exports or intra-community supplies of goods

Supreme Tax Court Cases

  • Interest limitation unconstitutional?
  • Reconstruction balance sheet may include newly capitalised intangibles
  • Home office must be a separate room
  • No reduced rate VAT on online library service

From Europe

  • Loss forfeiture exemption for troubled businesses rejected
  • Seepage of bonded goods in transport dutiable
  • Formal invoicing errors may be corrected retroactively?

From PwC

  • Breaking News

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