Eszter Rapanos, Author at CIBA Academy

New Guide: Customs Duty and VAT Treatment of Goods Forwarded Free as a Donation

27 January 2023 This guide enhances the understanding of the payment of the customs duty and VAT treatment of goods forwarded free as a donation. Many organisations are increasingly dependent on donor assistance from abroad for the upliftment of indigent people. However, import value-added tax (VAT) and customs duty may be leviable on goods that …

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CIPC UPDATE: ROLLBACK TO OLD E-SERVICES AND BIZPORTAL

Accounting / By Eszter Rapanos

23 January 2023 Over the weekend CIPC migrated back to the old platforms. Transactions performed since the launch of the new systems on 9 January until 20 January 2023 were also successfully migrated. Update of the status of transactions performed on the new systems is as follows. Name reservations, company registration and director amendments Due …

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Reminder: deadline to submit 2022 IT returns for provisional taxpayers

Maintain, Tax / By Eszter Rapanos

20 January 2023 Provisional taxpayers have until 23 January 2023 to submit their annual income tax return. All outstanding tax returns need to be filed before 23 January to avoid administrative penalties. Late filing will attract administrative penalties. Who is a provisional taxpayer? Any person who receives income or to whom income accrues other than …

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Planned Efiling Maintenance on 20 January 18:00-22:00

Tax / By Eszter Rapanos

20 January 2022 To make it easy for taxpayers and traders to fulfill their obligations whilst ensuring that our digital platforms are safe and secure, SARS will conduct regular maintenance and enhancements to improve the experience. Planned maintenance period between 18:00 to 22:00, Friday 20 January 2023, during which time you may experience intermittent service …

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Scheduled downtime of CIPC due to migrating back to old platforms from 20-23 January 2023

Accounting / By Eszter Rapanos

20 January 2023 CIPC Commission issued formal apology for the disruption and inconvenience caused by the migration of the CIPC transacting platforms, E-services and BizPortal. The aim of the new platforms was to register and maintain companies with minimum disruption but regrettably this could not be delivered. To migrate back to the old platforms, E-services …

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IAASB Begins Work on Global Standards for ESG Assurance

Assurance / By Eszter Rapanos

16 January 2023 The International Auditing and Assurance Standards Board (IAASB) has published a public consultation for its 2024-27 proposed strategy and work plan, with it wishing to develop an overarching standard for assurance on sustainability reporting. New globally accepted standards aim to improve investor confidence and “reduce the risk of material misstatements”. The proposed …

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IFAC released a new resource: The Risk Identification and Assessment Process: Tips on implementing ISA 315

Assurance / By Eszter Rapanos

15 December 2022 This new tool will help auditors implement the new International Standard on Auditing (ISA) 315 which came into effect for audits of financial statements for periods beginning on or after December 15, 2021. The tool does not replace the need to read ISA 315, including its application and other explanatory material. The …

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Amendments to the Carbon Tax Act, 15 of 2019 and Regulations

Law / By Eszter Rapanos

5 January 2023 The Taxation Laws Amendment Act 2022 amended sections 5 and 6 of the Carbon Tax Act providing for a progressive increase in the rate of tax. The following amendments are applicable as follows from 1 January 2023. Section 5 (1). provides that carbon tax should be imposed at a rate of R144 …

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Changes to the Income Tax Act and Regulations

Law / By Eszter Rapanos

5 January 2023 Amendments to the Income Tax Act were made by the following Acts 1. Tax Administration Laws Amendment Act, 16 of 2022 (TALAA), Section 1: definition of neighboring country 64M: refund of tax in terms of dividends paid by regulated intermediaries Fourth schedule: minor textual and reference corrections 2. Taxation Laws Amendment Act, …

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Pan African Federation of Accountants Call to Action

Accounting / By Eszter Rapanos

Pan African Federation of Accountants Call to Action 21 December 2022 Pan African Federation of Accountants (PAFA) issued a call for action for African professional accountancy organisations to adopt strategies that support professional accountants for people, planet, and prosperity. Professional accountants have both a public interest responsibility and a transformative opportunity to lead change. PAFA’s …

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Eszter Rapanos

New Guide: Customs Duty and VAT Treatment of Goods Forwarded Free as a Donation

CIPC UPDATE: ROLLBACK TO OLD E-SERVICES AND BIZPORTAL

Reminder: deadline to submit 2022 IT returns for provisional taxpayers

Planned Efiling Maintenance on 20 January 18:00-22:00

Scheduled downtime of CIPC due to migrating back to old platforms from 20-23 January 2023

IAASB Begins Work on Global Standards for ESG Assurance

IFAC released a new resource: The Risk Identification and Assessment Process: Tips on implementing ISA 315

Amendments to the Carbon Tax Act, 15 of 2019 and Regulations

Changes to the Income Tax Act and Regulations

Pan African Federation of Accountants Call to Action

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