12 October 2022 OTO celebrates nine years of ensuring fairness by helping hundreds of taxpayers secure their refunds from SARS. This includes R215 million in top 10 tax refunds collectively paid to taxpayers through the intervention of the OTO. This is one of the many highlights discussed at the launch of the Tax Ombud Annual …
The office of the tax ombud (OTO) issued its annual report for 2021/22 Read More »
18 October 2022 The ISSB is currently considering the feedback received to its consultations on its first two proposed IFRS Sustainability Disclosure Standards, one setting out general sustainability-related disclosure requirements and one setting out specific climate-related disclosure requirements. The G20 Finance Ministers and Central Bank Governors met in Washington, DC on 12–13 October 2022 and have …
ISSB: increasing international support for the sustainability standards Read More »
Office of the Registrar of Co-operatives has given notice in terms of section 11 of the Co-operatives Act of 2005 as amended, that Co-operative name have been amended as follows: IKAMVA MULTIPURPOSE CO-OPERATIVE LIMITED (2019/010624/24) has been revoked and changed to ABAKHUPHUKHA PHAMBILI MULTIPURPOSE PRIMARY CO-OPERATIVE LIMITED. You can read the notice here.
Notice of online filing of the Notice of Location of company Records (Form Cor 22) for companies will be introduced. The date of the activation of the electronic filing method will be communicated. You can view the notice here.
12 October 2022 SARS has introduced a workaround to ensure that Trusts formed through a single Will that had been issued the same number by the Master of High Court (MOHC) are uniquely identified as a taxpayer. Below is a summary of the process that SARS follows in such an instance: For a Trust, where …
Tax treatment of Multiple Trusts registered from one Will/Testament Read More »
12 October 2022 Updated mobile tax unit schedules available for for Mpumalanga and KwaZulu-Natal.
14 October 2022 You can access the list of unentered goods for the week of 03/10/2022 to 09/10/2022 here.
14 October 2022 In light of the Transnet strike and the increasing movement of over carried cargo, all shipping lines and traders need to be aware of the temporary solution for over carried cargo under the provisions of Section 40(3)(a)(i)(C) to the respective Branch Office. Clients are advised that the newly approved interim procedure for …
manual processing of over carried cargo introduced as a Temporary solution Read More »
14 October 2022 The draft Interpretation Note, “Definition of ‘Associated Enterprise’ ”, provides guidance on the interpretation and application of the definition of “associated enterprise” in section 31(1). The inclusion of an “associated enterprise” in section 31 comes into operation on 1 January 2023 and applies in respect of years of assessment commencing on or …
associated enterprise is a ‘connected person’ – draft interpretation note for comment Read More »
17 October 2022 Engine powered tractors as per Tariff Heading 8701.91 – 8701.95 are required to have a Letter of Authority from NRCS (NRCS Act No 5 of 2008). For more information you can visit the Customs website here.
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