AICPA, by Roman H. Kepczyk Accounting firms are treasure troves of data for cyber criminals. In this resource, you’ll find a list of steps your firm can take to keep your firm from being as easy target. Here’s a sneak peek at some of the areas where you can dig in after downloading this checklist: …
Journal of Accountancy, by Kevin Brewer August 30, 2022 A cybersecurity specialist Mike Foster has been preventing “bad guys from logging in” for 25 years. In this article he provides help to prepare business owners, CEOs, and IT professionals for the application and renewal process of cyber insurance coverage. Insurance companies ask many questions without …
cyber insurance coverage – what you need to know Read More »
The Minister of Mineral Resources and Energy determines a maximum retail price for Illuminating Paraffin (excluding the price of any form of packaging). The maximum retail prices will become effective on the first Wednesday of every month. The single maximum retail price for illuminating paraffin, excluding the price of any form of packaging will be …
Do you have a succession plan for your business? PwC’s Africa’s Family Business Survey 2021 noted that 76% of African family businesses don’t have succession plans in place. Only 41% of these business owners have a last will/testament in place, which means that, when they die, there is no fixed plan to ensure that the business is …
6 September 2022 The International Federation of Accountants (IFAC) issued its Action Plan for Fighting Corruption and Economic Crime to support a robust anti-corruption ecosystem encompassing a diverse array of participants and policies. The Action Plan sets out more than 30 specific actions and provides a framework for how we can enhance the accountancy profession’s role in …
IFAC Action Plan Supports Robust Anti-Corruption Ecosystem Read More »
8 September 2022 Income Tax Act, 1962 – Binding Class Ruling: BCR 081 Binding Class Ruling 081 relates to Section 8E and 8EA on hybrid equity interest or third-party backed share. This ruling determines whether a participatory interest held by a class member in a collective investment scheme (CIS) in securities constitutes a “hybrid equity …
Binding Class Ruling on hybrid equity interest or third party backed share (BCR 081) Read More »
8 September 2022 The Income Tax Act provides specifically that certain amounts expressed in a foreign currency must be translated into rand by the application of an applicable average exchange rate. Table A – A list of the average exchange rates of selected currencies for a year of assessment as from December 2003Table B – …
Legal Counsel Publications – Average Exchange Rates Read More »
8 September 2022 New binding Rule was issued with regards to section 64D and 64G (3) on withholding of dividends tax at a reduced rate. You can find the Binding Private Ruling here.  Need assistance Email enquiries and questions to Technical@Saiba.Org.Za for further assistance.
9 September 2022 Notice R.2467 provides the rates and goods for which provisional payments due in relation to anti-dumping duties against the alleged dumping of new pneumatic tyres of rubber, classifiable in tariff heading 40.11, originating in or imported from the People’s Republic of China – ITAC Report No. 700. You can find Notice R.2467 …
Provisional payment in relation to anti-dumping duty (Notice R.2467) Read More »
9 September 2022 Substitution of form DA 185.4B1 Licensing Client Type 4B1 – Special Manufacturing Warehouse in the Schedule to the Rules of the Customs and Excise Act to provide for alcohol powder products (DAR238). You can read the general explanatory note R. 2470 here. You can see form DA 185.4B1 here. Need assistance Email …
Notice R.2470 Substitution of form DA 185.4B1 Licensing Client Type 4B1 Read More »
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