Tag: Deloitte South Africa

The Multilateral Instrument (MLI), or to give it its full name, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (BEPS), is a multilateral treaty (agreement) developed by the Organisation for Economic Co-operation and Development (OECD), with the support of the G20, to update the international tax rules through the implementation of a series of tax treaty measures without the need for countries to separately renegotiate each of their existing tax treaties.

Most businesses are by now already at one or another stage of the enterprise cloud transformation journey and a staggering 93 percent of business executives who participated in Deloitte’s 2018 global outsourcing survey, confirmed that their organisations were adopting - or at least considering adopting - cloud.

As exponential, digital-driven technologies transform the 4th Industrial Revolution (4IR) from a buzzword into reality, the financial services sector - and insurance in particular - face massive disruption, it starts with a radical reimagining of the very model insurance has been built on since its origins in the 14th Century, and Africa is no exception.

The new lease accounting standard, IFRS 16, will bring all leasing assets on-balance sheet, which may significantly affect companies’ key performance indicators, loan covenants and regulatory capital requirements.

Automation continues to have a positive impact on the private sector locally and abroad, increasing productivity, customer and supplier satisfaction, and revenue as a result of massive cost savings and efficiencies gained across many industries.