Tuesday 27 May 2008

South African: IP Tax/Exchange control issues

The SA Treasury has embarked on a project to:

- ensure legitimate IP transactions are not unnecessarily complicated by tax
- ensure that tax consequences flowing from common IP transactions are logical and expected
- gauge the impact of our Exchange Control Regulations on IP transactions
- identify “negative” IP tax practices and existing / potential loopholes

In doing so they have called for comments on the legislation, more fully described on Afro-IP here.

The blogger is looking to compile a list of countries that have onerous exchange control provisions relating to IP and would welcome additions from readers.

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