Eszter Rapanos, Author at CIBA Academy

Solar Energy Tax Credit can be deducted for Provisional Tax

The Provisional Tax Return (IRP6) has been updated with a “Solar energy tax credit” field to enable provisional taxpayers to consider the tax credit in determining provisional tax payable for the second provisional period of the 2024 year of assessment. Consequently, taxpayers can now consider the solar energy tax credit when calculating the second-period provisional …

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Media release – Trade statistics for December 2023

Tax / By Eszter Rapanos

South Africa recorded a preliminary trade balance surplus of R14.1 billion in December 2023. This surplus was attributable to exports of R164.0 billion and imports of R149.9 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN). The year-to-date (01 January to 31 December 2023) preliminary trade balance surplus of R61.0 billion was a …

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Amended criteria for registration of Tax Practitioners and the recognition of Controlling Bodies

Tax / By Eszter Rapanos

The amended criteria pertain to the following:⦁ Requirements of individuals when registering as a Tax Practitioner.⦁ Requirements of Tax Practitioner Membership relating to their RCBs.⦁ Requirements of Controlling Bodies to be approved as RCBs. The amended criteria govern the processes implemented by CIBA. All tax practitioners should understand these requirements and processes to ensure compliance. …

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Draft SARS guide and explanatory note for Solar Energy Tax Credit issued for comments

Tax / By Eszter Rapanos

The requirements of section 6C are explained in the draft guide under these headings: ⦁ Persons eligible for the solar energy tax credit⦁ Solar photovoltaic panel requirements: a. Solar photovoltaic panels must be “new and unused”b. Generation capacity of solar photovoltaic panelsc. Solar photovoltaic panels must be “brought into use for the first time”d. Installation …

Draft SARS guide and explanatory note for Solar Energy Tax Credit issued for comments Read More »

Draft rule amendments on transfer pricing adjustments

Tax / By Eszter Rapanos

SARS issued draft rule amendments for comment, providing more clarity for multi-national enterprises on accounting for their transfer pricing adjustments on previous Customs declarations. These amendments are designed to ensure that transfer pricing adjustments affecting the customs value of goods are properly reported to SARS, allowing for appropriate customs duty and VAT assessments and adjustments. …

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13th deferment payment at the end of the 2023/2024 financial year

Tax / By Eszter Rapanos

Custom clients who are deferment account holders are reminded regarding the 13th deferment payment requirements that become due by the end of the financial year, 28 March 2024. The statement period for this 13th payment of the 2023/2024 financial year will conclude on March 27, 2024, at 00:00 (Midnight). All account holders must ensure timely …

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Tariff amendments published

Tax / By Eszter Rapanos

There were various tariff amendments published by SARS, including the following items: Find more detail on these in the SARS Notices for the amendments here.

Unauthorised use of CIPC name, abbreviation and logo

Accounting / By Eszter Rapanos

CIPC clients are reminded once again that the use of the words COMPANIES AND INTELLECTUAL PROPERTY COMMISSION, as well as the abbreviation CIPC and the logo of CIPC, is strictly prohibited. This includes using these in e-mail addresses on any website, documentation, marketing, or other materials. Anyone using these should delete or change them immediately …

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How to file director amendment applications

Accounting / By Eszter Rapanos

The detailed step-by-step guides on the enhanced director amendments process are provided on the CIPC website under the heading ‘Companies and Close Corporations’ here. Below are answers to some of the questions on this process that have been received from our Call Centre. Read the CIPC Notice 2 of 2024 here.

Feedback on the multi-factor authentication for director amendments system

Accounting / By Eszter Rapanos

In a media statement issued on 8 January 2024, CIPC emphasised that the identity verification and multifactor authentication for director amendments introduced on 4 December 2023 were rigorously tested, and the system has successfully processed over 8000 applications since its implementation. The new process is aimed to enhance security and prevent unauthorised changes. This measure …

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Eszter Rapanos

Solar Energy Tax Credit can be deducted for Provisional Tax

Media release – Trade statistics for December 2023

Amended criteria for registration of Tax Practitioners and the recognition of Controlling Bodies

Draft SARS guide and explanatory note for Solar Energy Tax Credit issued for comments

Draft rule amendments on transfer pricing adjustments

13th deferment payment at the end of the 2023/2024 financial year

Tariff amendments published

Unauthorised use of CIPC name, abbreviation and logo

How to file director amendment applications

Feedback on the multi-factor authentication for director amendments system

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