Eszter Rapanos

Disparity between registration number and incorporation dates: CIPC Notice 1 of 2024

For companies that applied for registration late last year, the registration number will be for 2023, and the official incorporation date (or registration date) will be 2024. This is because the CIPC’s system automatically assigns registration dates when they receive the application, but the incorporation date is when your company is officially registered. Read the …

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Trade Balance Surplus in November 2023: What you need to know

SARS has released the initial trade numbers for November 2023. In November, South Africa’s trade with Botswana, Eswatini, Lesotho and Namibia (BELN countries) showed a surplus of R21.0 billion. This is attributable to more exports (R185.8 billion) than imports (R164.8 billion). However, for the entire year up to November 2023, even though there was a …

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Shaking up the stats: tax revenue numbers in the South African tax landscape

The National Treasury and South African Revenue Service (SARS) issued the 16th annual edition of Tax Statistics on 29 December 2023 in a joint media statement. This isn’t just another set of numbers; it’s a fascinating glimpse into the financial heartbeat of a nation. The comprehensive report released paints a vivid picture of tax revenue …

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Binding Private Rulings issued by SARS – December 2023

Binding Private Rulings 399-403 Private Binding Rulings (PBRs) are formal decisions issued by the South African Revenue Service (SARS) providing guidance on interpreting and applying tax laws. PBRs are legally binding on SARS, the applicant, and any co-applicants involved, providing taxpayers with certainty when planning their tax affairs. PBRs are essential for taxpayers when planning …

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Registering trade mark rights: a step-by-step guide for SMMEs

A step-by-step trade mark application process for small, medium, and micro enterprises (SMMEs) are detailed in the notice. Once logged in, locate the “Trade Marks” tab on the portal. Click on it to reveal a dropdown menu. From the dropdown menu, select “Apply for Trade Mark”. To complete the online application process refer to the …

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New identity verification and multifactor authentication for directors’ amendments

On 4 December CIPC implemented an identity verification and multifactor authentication system for director amendments. Automated processes are now available to finalise such transactions, making the process more efficient and secure. With the new system in place, director amendments and changes to director contact details will no longer involve manual processing. The system now verifies …

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SARS News Update: Key Highlights November 2023

SARS GENERAL MATTERS Learn how to activate the post-sequestration number for submitting income tax returns. A step-by-step guide is available to assist taxpayers in submitting returns for the period following sequestration. Taxpayers can access this guide by logging into their existing eFiling profiles. SARS has issued a basic guide outlining the requirements for obtaining and …

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