PROFESSOR PIETER VAN DER ZWAN

Pieter obtained a BCom Accounting Sciences degree (with distinction) (UP), Bcom  (Hons)  Accounting Sciences degree (with distinction) (UP) as well as a MCom Taxation degree (UP). During his studies he received the Medal of the Vice-Chancellor and Principal for outstanding under-graduate performance at the University of Pretoria. He was a finalist in the Deneys Reitz Tax Thesis competition in 2010 for his dissertation on mining royalties.

Pieter qualified as a Chartered Accountant (SA) in 2009. He obtained the first place in the SAICA Qualifying Exam 2006 and second place in the IRBA Professional Practice Exam 2007.

QUALIFICATIONS

CONTACT

+27 83 417 5904

www.pvdz.co.za

pieter@pvdz.co.za

PROFILEPieter is an academic in the field of tax at the North-West University (NWU) and a technical advisor on matters relating to tax and financial reporting.

Pieter completed his audit articles at KPMG, after which he spend time in KPMG’s technical department. He consis-tently achieved the highest possible ratings while at the firm. As an accredited trainer he presented staff and client technical training across Africa.

Since 2010 Pieter has advised clients on matters relating to tax and financial reporting through PvdZ Consulting. Over this period he has provided technical advice to more than 200 clients, of which many are recurring clients to whom he has become a trusted advisor whenever they require technical assistance. These clients range from large companies, including multinationals, to accounting and law firms.

His projects as an advisor include an international assign-ment in the form of a World Bank project to assist the Mon-golian tax authorities to develop an audit methodology to efficiently collect tax in the mining industry of that country.

PROFILE AS AN ADVISOR

CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

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CONTENTSQualifications 1Profile as an Advisor 1Profile as an Academic 2Communityinvolvement & Leadership 2Experience 3Ad Hoc Projects 5Industry Involvement 5Education 6Research Outputs 7

CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

Pieter is an associate professor at the NWU where he is responsible to present and co-ordinate the masters pro-gramme in taxation and supervise masters students in their research. This masters programme has become renowned for offering students a good mix of technical and practical insight.

Since joining the NWU in 2010, he has maintained a balance between research, teaching and voluntary industry involvement.

He received a Prestige Institutional Teaching Excellence Award and was also awarded as the best lecturer on the Potchefstroom campus of the NWU in 2011. He contrib-utes to the accounting profession by presenting various tax updates, seminars and being a speaker at conferences on invitation of professional bodies (including SAICA, SAIT, SAIPA, SAIFM and the IAC.) He has also been involved in the processes to set SAICA’s Initial Test of Competence exam and SAIT’s examinations for the Tax Professional qualification.

He has published a number of tax research articles in accredited academic journals. In addition, he is also involved in authoring and reviewing chapters in leading taxation textbooks. He has presented research papers at national and international conferences over the past number of years. He was awarded for outstanding research at both national and international conferences and received an award as the best presenter at an interna-tional conference. He is part of a research team that worked on a project for the United Nations University (UNU-WIDER) in collaboration with the South African Rev-enue Service and the National Treasury.

PROFILE AS AN ACADEMICCOMMUNITYINVOLVEMENT AND LEADERSHIP Pieter has a passion for business, technical knowledge and sharing what he has learnt with others. The combi-nation of being an academic and advi-sor requires that he should be at the cutting edge of any developments in the field, in particular taxation, and he has a passion for learning and reading technical books and material. Pieter shares his knowledge and experience gained by writing a monthly newsletter highlighting the most important devel-opments in the field of taxation. The newsletter is distributed without any subscription fees. The subscription base for this newsletter has grown to more than 900 subscribers. He is also a regular contributor to industry mag-azines such as Accountancy SA and Taxtalk.

As a technically focussed academic with a strong practical understanding and footprint, he is a voluntary member of a number of technical committees that serve the interests and development of the accounting profession. These include the SAICA National Tax Committee (NTC) and the South African Institute of Tax Profes-sional’s Corporate tax committee. As member of the latter, he is actively involved in submitting inputs into proposed legislative amendments and was involved in the presentation of a submission to the Parliament Stand-ing Committee on Finance on the 2015 tax amendment proposals.

He is an accounting member of the panel of the Tax Court.

During 2016 he was awarded as one of the top 35 Chartered Accountants in South Africa under the age of 35 years.

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CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

NORTH-WEST UNIVERSITY ASSOCIATE PROFESSOR (2012 - PRESENT) SENIOR LECTURER (2010 - 2011)

Lecturing responsibilities Responsible for co-ordinating and presenting the coursework component of the masters degree in Taxa-tion (Most recent student evaluation: 98%) Lecturing taxation to to Chartered Accountancy honours degree students (most recent student evaluation: 94%) Awarded a Category A Institutional Teaching Award as well as award for Best Lecturer at the Potchefst-room Campus of the NWU for 2011.

Research responsibilities Supervising Masters degree dissertations in taxation Research and presentation of research at conferences (refer below).

Management responsibilities Program leader responsible to manage the taxation program from 2012 until 2014.

PVDZ CONSULTING (PTY) LTD DIRECTOR & ADVISOR (2010 - PRESENT)

Advisory and technical services to clientsTechnical opinions on tax and financial reporting matters Assisting clients in obtaining rulings and other correspondence with the tax authorities Assistance in disputes with tax authorities (objections and appeals) Drafting and reviewing financial statements that comply with IFRS Presenting technical training on tax and IFRS topics

Industry experienceAgriculture and agri-business Consulting and professional services High net worth individuals and investment holdings Mining and related services, including logistics and processing Non-profit organisation, including professional institutes Property development and rental business Renewable energy industry Retail business State-owned entities International advisory firmsInvestment funds

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EXPERIENCE

Regular industry involvement such a presenting seminars for professional bodies, including: Monthly webinars and specialist topic seminars (corporate restructuring) for the South African Institute of Tax Professional (SAIT) Annual tax law amendment updates for SAIPA and SAIT Small and Medium Practitioner tax updates for SAICA

Technical newsletter with a subscriber base of more than 900 subscribers

KPMG INC KPMG ACADEMY (2010) TECHNICAL MANAGER & KPMG ACADEMY (2009)AUDIT ARTICLES (2007 - 2008) ACADEMIC ARTICLES AT THE UNIVERSITY OF PRETORIA (2006)

Academic articles at the University of Pretoria Duties included lecturing FRK 700 (Honours level accounting) and FRK 300 (third year level account-ing), presenting tutorial classes, marking papers and assisting in setting exam papers.

Audit Audit experience in a diverse range of industries including banking sector, mining sector, information technology sector and the government (2007 – 2008) Achieved the best rating in terms of the KPMG rating scale on each audit performed throughout this period.

Training and presentation experience Accredited as a KPMG Learning & Development Trainer (2007). Presented audit and soft skills training during 2008.

Department of Professional Practice (Technical department) Providing written and verbal accounting advice to audit teams. Providing accounting advice and written accounting opinions to clients. Technical research and presenting papers at technical topic teams & panel meetings. Presented technical accounting training in South Africa, Kenya, Tanzania and Angola. Achieved the best rating in terms of the KPMG performance rating scale throughout the period in the Technical Accounting department.

KPMG Academy (part time from March 2009 to September 2010) Preparation of lecturing material and student support material. Presenting Financial Accounting lectures to UNISA CTA students. Setting internal exam papers. Consultation with KPMG Academy students.

CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

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AD HOC PROJECTS WORLD BANK PROJECT TO ASSIST MONGOLIAN GOVERN-MENT TO COLLECT TAX FROM THE MINING INDUSTRY (2014)

Involved in drafting manuals with guidance on accounting practices in the mining industry as well as conducting tax audits in the industry for use by the Mongolian Tax Authorities (MTA) This included gaining detailed knowledge of the tax laws and regulations of the country as well as consultation with senior gov-ernment officials. Presented various sessions to train MTA staff members on the above topics.

UNITED NATIONS UNIVERSITY RESEARCH PROJECT (2016, 2018 & 2019)

CIMA RESEARCH PROJECT ON ZAMBIAN FARMING BLOCKS (2017)

CIMA RESEARCH PROJECT ON TAX REGIME APPLICABLE TO VENTURE CAPITAL FUNDS (IN PROGRESS IN 2018)

INVITED AS SPEAKER AT THE 2014, 2015 & 2017 TAX INDABA AND 2015 & 2016 SAIFM CONFERENCE ON THE REGULATION OF FINANCIAL MARKETS.

CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

SOUTH AFRICAN INSTITUTE OF CHARTED ACCOUNTANTS (SAICA)

MEMBER OF THE NATIONAL TAX COMMITTEE (2015 - PRESENT)

MEMBER OF THE CENTRAL REGION TAX COMMITTEE (2012 - PRESENT)

SOUTH AFRICAN INSTITUTE OF TAX PROFESSIONALS (SAIT)

MEMBER OF THE CORPORATE TAX COMMITTEE (2013 - PRESENT)

Inputs into comments to the National Treasury on proposed amendments to corporate tax lawInvolvement in the presentation of SAIT submission to the Parliament Standing Committee on Finance on the 2015 tax amendment proposals

PANEL OF THE TAX COURTACCOUNTING MEMBER (APPOINTED 2012)

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INDUSTRY INVOLVEMENT

PROFESSIONAL QUALIFICATIONS CHARTERED ACCOUNTANT (SOUTH AFRICA) (CA(SA)) (SINCE 2009)

Achieved the first place in the South African Institute of Chartered Accountants Qualifying Exam 2006 (First Chartered Accountancy qualifying exam). Achieved the second place in the Independent Regulatory Board of Auditors Professional Practice Exam 2007 (Second Chartered Accountancy qualifying exam).

TERTIARY EDUCATION MASTERS IN TAXATION - UNIVERSITY OF PRETORIA (2009)

Course work component (General principles of Income Tax, Indirect Tax, International Tax and Individual & Corporate Tax) Research component: Dissertation on the development of mineral royalty legislation in South Africa (Supervisor: Piet Nel)

Runner-up in the Deneys Reitz Tax Thesis competition in 2010 for this mini-dissertation.

BCOM HONOURS IN ACCOUNTING SCIENCES AND CERTIFICATE IN THE THEORY OF ACCOUNTING (CTA) (BOTH CUM LAUDE) - UNIVERSITY OF PRETORIA (2005)

Core modules: Financial Accounting, Taxation, Auditing, Financial Management, Applied AccountingAwards:

PricewaterhouseCoopers award for the best achievement in Financial Management 700 (2005) Ernst & Young award for the best achievement in Financial Accounting 700 (2005) Investec award for the best overall achievement in the subject Financial Accounting in both the under-graduate B Com Accounting Sciences and the B Com (Hons) Accounting Sciences degrees (2005) Ernst & Young award for best achievement in Taxation 700 (2005) Deloitte award for the best achievement in Auditing 700 (2005) BDO Spencer Steward award for the best achievement in CTA (2005)

BCOM IN ACCOUNTING SCIENCES (CUM LAUDE) - UNIVERSITY OF PRETORIA (2004) Core modules: Financial Accounting, Taxation, Auditing, Financial Management Awarded the medal of the Vice-Chancellor and Principal for outstanding undergraduate achievement Awards:

KPMG award for the best achievement in Financial Accounting 300 (2004)LEASK award for the best achievement in Financial Accounting 100,200&300 (2004) Fisher Hoffman award for the best achievement in Financial Management 300 (2004) Deloitte award for best achievement in Taxation 300 (2004) PricewaterhouseCoopers award for the best achievement in Financial Accounting 200 (2003) PricewaterhouseCoopers award for the best achievement in Estate Administration 261 (2003) KPMG award for the best achievement in Financial Management 200 (2003) PricewaterhouseCoopers award for the best achievement in Financial Accounting 100 (2002)

SECONDARY EDUCATION MATRICULATED AT HOËRSKOOL CENTURION (2001)

Achieved distinctions in all 8 subjects taken Awards in 2001:

Best achievement in Economics, Accounting, Physical Science, Computer Studies, Mathematics, Additional Mathematics, Trade subjects and Nature Sciences Top achiever in Grade 12 for 2001 Academic Student of the year 2001.

EDUCATION

CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

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PUBLICATIONS AND CONFERENCES

PUBLICATIONS IN ACCREDITED JOURNALS

Van der Zwan, P., Nel, P. 2010. The impact of the Minerals and Petroleum Resources Royalty Act on the South African Mining industry: A critical analysis. Meditari. 18(2)

Van der Zwan, P., Stiglingh, M. 2011. The deductibility of value added tax on costs incurred to raise share capital: A critical analysis of the ITC 1744 case. De Jure. 2011(2).

Van der Zwan, P. 2011. An analysis of compensation collected on Angola’s oil resources. Journal of Eco-nomic and Financial Sciences. 2012(1).

Van der Zwan, P. 2013. A Post-Implementation Analysis Of The South African Mineral Royalty Regime. Journal of Applied Business Research. April/May. 2013(3).

Van der Zwan, P., Van der Merwe, N. 2013. The Message Conveyed By IFRS-Compliant Information: A South African Perspective. International Business & Economics Research Journal. September 2013.

Moolman, A., Van der Zwan, P. 2016. An Evaluation Of Income Tax Incentives Available To The South African Oil And Gas Industry. International Business & Economics Research Journal. September 2016.

Harmse, L. Van der Zwan, P. 2016. Alternatives for the treatment of transfer pricing adjustments in South Africa. De Jure. 49(2).

Van der Zwan, P. 2017. Risks of IFRS-based taxation: The application of section 24JB by authorized users to hedged relationships. e-Journal of Tax Research. 15(1).

Van der Zwan, P., Schutte, D.P., Krugell, W. 2018. An evaluation of interest deduction limitations to counter base erosion in South Africa South African Journal of Economic and Management Sciences. 21(1)

Schutte, D.P., van der Zwan, P. 2019. Turnover Tax Relief in South Africa: Evidence from the SARS-NT Panel. Advances in Taxation. 26.

PUBLICATIONS IN DOUBLE BLIND PEER-REVIEWED INTERNATIONAL JOURNALS THAT ARE NOT ACCREDITED BY THE SOUTH AFRICAN DEPARTMENT OF EDUCATION

Van der Zwan, P. 2011. A methodology for an evaluation of the impact of the Minerals and Petroleum Resources Royalty Act on the South African mining industry. The Business Review, Cambridge. Vol. 17 Num. 2 Summer 2011.

RESEARCH OUTPUTS

CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

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PUBLICATIONS IN INDUSTRY MAGAZINES AND JOURNALS

Van der Zwan, P. 2017. Changes in tax landscape of share buy-back transactions. TaxTalk Profes-sional. Nov/Dec 2017.

Van der Zwan, P. 2016. Transfer pricing adjustments : too many layers of tax? TaxTalk Professional. Nov/Dec 2016.

Van der Zwan, P. 2016. The tax implications of currency gains made on foreign investments. TaxTalk Professional. Sept/Oct 2016.

Van der Zwan, P. 2015. A review of section 6quin. TaxTalk Professional. July/Aug 2015.

Van der Zwan, P. 2015. VAT: an analysis of some amendments that did and did not occur. TaxTalk Professional. Jan/Feb 2015.

Van der Zwan, P. 2015. Interpretation of tax law. Accountancy SA. February 2015

Van der Zwan, P. 2014. Sections 23M and 31: The interaction between sections of the Income Tax Act. SAICA Tax Suite Journal. December 2014.

Van der Zwan, P. 2014. Challenges for corporate taxpayers and the role of advisors. TaxTalk Profes-sional. Jul/Aug 2014.

Van der Zwan, P. 2014. The Employment Tax Incentive. Accountancy SA. June 2014.

Van der Zwan, P. 2014. The Burden of Proof: When does a taxpayer have sufficient evidence? SAICA Tax Suite Journal. June 2014.

Van der Zwan, P. 2014. Analysis: Arm’s length pricing between connected persons: Is it only a cross-border risk?. Accountancy SA. March 2014.

Van der Zwan, P. 2014. The Employment Tax Incentive: An incentive that works? SAICA Tax Suite Journal. March 2014.

Van der Zwan, P. 2014. Time to consider the terms of company loans carefully. TaxTalk Professional. Jan/Feb 2014.

Van der Zwan, P. 2013. Shares issued in BBBEE arrangements: Are these transactions tax free?. TaxTalk Professional. September/October 2013.

Van der Zwan, P. 2013. Arm’s length pricing between connected persons: Is it only a cross-border risk? SAICA Tax Suite Journal. October 2013.

Van der Zwan, P. 2013. Tax & Penalties: The perspective of a tax practitioner. TaxTalk Professional. March/April 2013.

Van der Zwan, P. Anti-dividend Stripping rules: The dilemma with the proposed changes to anti-divi-dend stripping rules. Accountancy SA. March 2019.

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Van der Zwan, P. 2018. Revised debt restructuring rules: was this intended?. TaxTalk 2018.

Burt, K., Van der Zwan, P. 2018. What is required is proof, not simply argument. TaxTalk 2018.

Van der Zwan, P. 2013. A taxpayer’s right to manage its exposure. Tax Talk Professional. January/Fe-bruary 2013.

Van der Zwan, P. Viviers, H. 2012. Liquidation of a company: A simple matter from a tax perspective? Professional Accountant. Quarter 4, 2012.

Van der Zwan, P. Huisman, B. 2012. Shedding light on the concealed tax consequences of the new Companies Act. Professional Accountant. Quarter 1, 2012.

Van der Zwan, P. Viviers, H. 2012. Sections 8E & 8F: Hybrid mismatch, or tax relief. SAICA Tax Suite Journal. November 2012.

Van der Zwan, P. Fouche, J. 2012. The impact of dividends tax on shareholder value. SAICA Tax Suite Journal. August 2012.

Van der Zwan, P. 2012. Returns of capital – a favourable amendment from the perspective of share-holders? SAICA Tax Suite Journal. May 2012.

Van der Zwan, P. 2010. Pushing fair value accounting to its limits?. Accountancy SA. Accountancy SA. February 2011.

Van der Zwan, P., Van der Merwe, N. 2010. Does IFRS 9 simplify financial instrument accounting for non-banking entities? Accountancy SA. November 2010.

Van der Zwan, P. 2010. Getting to the bottom of South Africa’s new mining royalties. Accountancy SA. April 2010

PAPERS PRESENTED AT INTERNATIONAL CONFERENCES

P van der Zwan. 2018. Evaluating The South African Venture Capital Tax Incentives To Attract Fund-ing For Small Businesses. International Conference for Business and Economics in Budapest (July 2018).

Van der Zwan, P. 2017. Risks of IFRS-based taxation: The application of section 24JB by authorized users to hedged relationships. FLE Conference in Cambridge (July 2017).

Van der Zwan, P. 2016. Paper to be presented at a multi-disciplinary conference hosted at Universita' Ca' Foscari Di Venezia in Italy (June 2016)

Van der Zwan, P. 2012. A Post-Implementation Evaluation Of The Mineral And Petroleum Resources Royalty Act From The Perspectives Of The Relevant Stakeholders. 2012 Mediterranean Cruise Con-ference. (Received award for best paper during the session)

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Van der Zwan, P. 2011. A methodology for an evaluation of the impact of the Minerals and Petroleum Resources Royalty Act on the South African mining industry. The Global Business, Economics & Finance Research Conference in London (July 2011) (Received award for best presenter at the con-ference)

Van der Zwan, P., Stiglingh, M. 2011. Reconsidering the deductibility of input tax on share issue costs. SAAA conference in George, 2011 (June 2011).

Van der Zwan, P. 2010. Addressing Africa’s resource curse: A critical analysis of compensation collected on Angola’s oil resources. Presented at the IBFR Global Conference in Las Vegas, United States of America (January 2011) (Received award for outstanding research)

Van der Zwan, P., Van der Merwe, N. 2010. The message conveyed to users by IFRS compliant finan-cial information: A South African perspective. Presented at the IBC 2010 conference in Zambia (Octo-ber 2010).

PAPERS PRESENTED AT NATIONAL/REGIONAL CONFERENCES

Van der Zwan, P. 2012. A Post-Implementation Evaluation Of The Mineral And Petroleum Resources Royalty Act From The Perspectives Of The Relevant Stakeholders. SAAA Central Region Conference, Bloemfontein.

Van der Zwan, P., Stiglingh, M. 2011. Reconsidering the deductibility of input tax on share issue costs. SAAA conference in George, 2011.

Van der Zwan, P. 2010. Addressing Africa’s resource curse: A critical analysis of compensation collected on Africa’s oil resources. Presented at the SAAA conference in Johannesburg, South Africa (September 2010). * Received awarded for best abstract at the conference

Calvert, T., Van der Zwan, P., Visser, S. 2010. A critical analysis of the 2006 amendments to the Gener-al Anti-Avoidance Rules Presented at the SAAA conference in Johannesburg, South Africa (Septem-ber 2010).

Van der Zwan, P. 2010. The impact of the Minerals and Petroleum Resources Royalty Act on the South African Mining industry: A critical analysis. Presented at the Value 2010 conference in Kemp-ton Park, South Africa (August 2010).

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CURRICULUM VITAE PROFESSOR PIETER VAN DER ZWAN

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CONTRIBUTIONS IN BOOKS

Assisted the authors of Descriptive Accounting during the process of redrafting parts of the publica-tion in 2007.

Co-author of the Tax Workbook 2012 to 2014 (contributed 2 chapters).

Author of the following chapters in Silke: South African Income Tax:

Financing and investment instruments Taxation of companies Reorganisation and changes in ownership of companies International taxTax administration

Contributed South African chapter in Tax Design and Administration in a Post-BEPS Era (A study of key reform measures in 18 jurisdictions)

Contributed chapter on taxation in Undelstanding South African Financial Markets (6th Edition)