18 August 2022 Income tax guides Basic guide to section 18A approval (Issue 4. You can find the guide here. Guide to building allowances (Issue 2). You can find the guide here. Interpretation Notes Interpretation Note 122 – Public benefit activity: Bid to host or hosting of any international event Interpretation Note 75 (Issue 4) …
Legal council guides, interpretation notes and rulings issued Read More »
19 August 2022 Tariff amendment notice R2384, as Gazetted reducing the rate of customs duty for sugar is available here.
19 August 2022 Applicable Acts: Income Tax Act, 1962, and Tax Administration Act, 2011 In terms of the Income Tax Act, General Deduction Formula the judgement included whether the finance charges levied in respect of the loans of Propsky and RMB constituted interest for the purposes of section 24J and whether the understatement penalty was …
Legal Counsel – Dispute Resolution & Judgments – Tax Court Case No. IT 25042 Read More »
SARS Tax Practitioner Readiness Programme Tax Practitioners who register after 1 July are required to successfully complete the Tax Practitioner Readiness Programme and assessment. Prospective tax practitioner can either: Access the material on the SARS website and SARS YouTube TV Channel as self-learning or Can register for the live session of 30 August You …
16 August 2022 IFAC’s new collection of resources, Professional Accountants as Business Leaders and Value Partners how professional accountants can be future ready, data-savvy leaders who drive sustainability. These materials aim to help in understanding and navigating challenges and opportunities across various roles as finance and business leaders, risk managers and analysts, and in broader commercial …
New IFAC Resource Center is open on how professional accountants can be future-ready Read More »
18 August 2022 CIPC completed the moving of 7.2 million entity files to the new storage facility during 2021. There are delays with the unavailability of files while the new service provider takes the files on board to label and capture them on their systems for recording and retrieval purposes. Delays are expected to be …
CIPC Notice 20: status on file transition project Read More »
Carbon Tax Act 15 of 2009 The proposed change includes the rate of the carbon tax to be [R134]Â R144Â per ton carbon dioxide equivalent of the greenhouse gas emissions of a taxpayer. Subsequent annual increases are provided on an increasing scale, considering the consumer price index and average exchange rate changes. Annual increases are provided for …
12 August 2022 Draft Legal Sector Code was issued for public comment by the Minister of Trade, Industry and Competition in terms of the Broad-Based Black Economic Empowerment Act, (B-BBEE Act 53 of 2003) as amended by the Act 46 of 2013. The draft Code proposes special limitations on startup legal sector measured entities; and …
B-BBEE Act Draft Legal Sector Code published for comment Read More »
Quality management rules The IRBA hereby publishes a draft of the proposed IRBA Rules arising from the International Standards on Quality Management (the proposed IRBA Rules). All stakeholders are invited to submit their written comments to the IRBA by 19 August 2022. The Exposure Draft for the proposed IRBA Rules is available and may be …
29 July 2022 The law forbidding creditors from collecting on prescribed debts which falls under the National Credit Act 34 of 2005 (NCA) is well-known, established and adhered to – or so everyone would think. The Ombudsman for Banking Services (OBS) confirmed that, between January 2021 and July 2022, the OBS received and investigated a …
Consumers Beware: Some Banks Are Still Collecting On Prescribed Debts Read More »
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