On 15 June 2022, the Minister of Mineral Resources and Energy (DMRE) published the Draft Mine Health and Safety Amendment Bill. All interested and affected parties are encouraged to comment on the anticipated changes by 29 July 2022. The draft Bill proposes that an employer or company may be held criminally liable for contravening any sections …
Draft Mine Health and Safety Amendment Bill published Read More »
11 April 2022 Notice: The Unemployment Insurance Fund issued a revised Compliance Circular No 2B/2022 suspending the issuing and requirement for compliance certificate and tender letter as proof of compliance with the Unemployment Insurance Act 63 of 2001. Information: The notice suspends the issuing of UIF Compliance certificate as well as the requirement for doing …
Suspension of issuing and requirement UIF compliance certificates Read More »
24 June 2022 Information The Commissioner issued a public notice requiring registered vendor or representative vendor to update its VAT registration when they are deal in the supply of valuable metals that are subject to domestic reverse charge. The registration details of such vendors should be updated within 21 business days from — (a) the …
Value-added Tax Act: Domestic reverse charge relating to valuable metals Read More »
IRBA issued an exposure draft of the Proposed IRBA Rules Arising from the International Standards on Quality Management (The proposed IRBA Rules) for public comment. Information The exposure draft highlights the following proposed IRBA rules: Proposed Rule 1: Firm Chief Executive Officer (CEO) A firm’s CEO should be a registered auditor (RA), subject to firms …
Exposure Draft of the Proposed IRBA Rules Arising from the adoption of ISQM Read More »
New IFAC initiative highlights the critical role of CFOs and finance functions in enabling an integrated mindset Jun 14, 2022 Information and implication Functional and information silos within organizations are barriers to delivering high-quality sustainability-related information, which is necessary for decision making and trustworthy corporate reporting. Boards and CEOs are turning to CFOs and finance …
Notice 16 of 2022: Voluntary deregistration of companies and close corporations: Date: 2022-06-29 Companies and Intellectual Property Commission (“CIPC”) will from 1 July 2022 allow voluntary deregistration applications in terms of Section 82(3) of the Companies Act, 2008 (“The Act”) where the company or close corporation status is that of AR Deregistration. Status AR deregistration indicate that the company or close corporation has …
Read More Regarding Recent CIPC Notices Published And Compliance Due Read More »
Following the changes to the Customs act, Schedule 1 to the Value-Added Tax Act, 1991 was amended to include licensed customs and excise storage warehouses as places where diplomats maybe able to obtain new motor vehicles. Information Paragraph 8 of Schedule 1 to the Act was amended to include new vehicles obtained from a licensed …
Value-Added Tax Act Schedule 1 amendment to motor vehicles Read More »
Customs and Excise Act, 1964 Amendment of Rules Implementation date: 24 June 2022 SARS Notice R 2188 identifies who may sell new motor vehicles free of duty to persons entitled to diplomatic immunities or privileges Information The following persons may now sell new motor vehicles free of duty to persons entitled to diplomatic immunities or …
Amendment of Rules: Selling duty free motor vehicles to diplomats Read More »
3 June 2022 Notice: The notice provides definitions of individual who must and those who are not required submit an income tax return for the 2022 financial year. Deadlines for submission of income tax returns were published. Information: Final dates to submit income tax returns: (a) companies, within 12 months from the date on which …
SARS Release submission dates 2022 Income Tax Returns Read More »
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