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The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study
Dissertation (MCom)--University of Pretoria, 2013.
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| Format: | Thesis |
| Language: | English |
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University of Pretoria
2014
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| _version_ | 1867613709506969600 |
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| access_status_str | Open Access |
| author2 | Nell, J. (Jan) |
| author_browse | Nell, J. (Jan) |
| author_facet | Nell, J. (Jan) |
| collection | Thesis |
| dc_rights_str_mv | © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Dissertation (MCom)--University of Pretoria, 2013. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/41566 |
| institution | University of Pretoria (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:40:27.509Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/41566 The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study Nell, J. (Jan) corila.pretorius@gmail.com Pretorius, C.E. (Cornelia Emilige) Solvency Assessment and Management Long-term insurance Taxation Value of liabilities Underwriting profit UCTD Dissertation (MCom)--University of Pretoria, 2013. A new revised prudential regulatory regime for insurers will be introduced in order to align the South African insurance industry with international standards. This regime, called Solvency Assessment and Management, is based on its European counterpart, which is known as Solvency II. This study starts off by investigating and comparing Solvency II, to be implemented in the United Kingdom, with Solvency Assessment and Management, to be implemented in South Africa, identifying a number of similarities between the regimes. The taxation of long-term insurers in both jurisdictions is then investigated, but no similarities are identified. The above prepares the ground for the main purpose of the study, which is to identify the impact of Solvency Assessment and Management on the taxation of long-term insurers in South Africa. This study identified the impact as effecting a change in the current basis used for the valuation of policyholder liabilities, which will cause a decrease in the value of liabilities, and consequently an increase in underwriting profit. The impact of this change is illustrated, and there are clear indications that there is a need to amend current income tax legislation or the directive used to determine the value of liabilities. Two options for amendments are identified but no changes to legislation are expected before 2015. lmchunu2014 Taxation unrestricted 2014-08-25T07:57:16Z 2014-08-25T07:57:16Z 2014-04-01 2013 Mini Dissertation Pretorius, CE 2014, The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study, MCom dissertation, University of Pretoria, Pretoria, viewed yymmdd <http://hdl.handle.net/2263/41566> F14/4/503/lm http://hdl.handle.net/2263/41566 en © 2014 University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf University of Pretoria |
| spellingShingle | Solvency Assessment and Management Long-term insurance Taxation Value of liabilities Underwriting profit UCTD The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study |
| title | The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study |
| title_full | The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study |
| title_fullStr | The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study |
| title_full_unstemmed | The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study |
| title_short | The impact of solvency assessment and management on the taxation of long-term insurers in South Africa : a comparative study |
| title_sort | impact of solvency assessment and management on the taxation of long term insurers in south africa a comparative study |
| topic | Solvency Assessment and Management Long-term insurance Taxation Value of liabilities Underwriting profit UCTD |
| url | http://hdl.handle.net/2263/41566 |