Base Erosion and Profit Shifting (BEPS)can be described as tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations where there is little or no economic activity (OECD). The OECD developed the Inclusive Framework on BEPS for...

If someone asks you whether you're ready for retirement, it's likely that your answer will hinge on whether you've made adequate financial preparation for it. But, while this remains a crucial consideration, there's so much more to think about. Retirement is being completely redefined -  from an...

Before 2011, under the old 1973 Companies Act the first signs of “financial illness” of businesses were mostly ignored and management invariably waited for the problems to “go away” instead of taking the necessary “medicine” early. This then led to more financial hardship which in most cases...

JSE listing requirements require companies to adopt the recommendations of the King IV report, which makes it fundamental to corporate governance in South Africa. King IV recommends that affected businesses adopt a combined assurance model, but recent corporate failures and security breaches...

The terms of reference of the contested SARS Commission of Inquiry, currently sitting, include the impact of the conduct of SARS management on the public image of SARS upholding the basic values and principles governing public administration envisaged in section 195 of the Constitution. In terms...

It is no secret that our lives change as we get older. What is surprising, however, is that we are not as healthy in old age as expected considering our immense prosperity. In addition, the elderly population and proportion of the total population is increasing steadily in line with rising costs...

South African companies not taking the cyber threat environment seriously enough. On a recent visit to BDO in Norway, it struck me that many South African-based businesses and organisations are increasingly exposed to cyber threats and vulnerabilities of which they are blissfully unaware. There...

Following the recently launched draft Mining Charter, a stability clause has also been proposed and this is exactly what our country needs right now, to allay investor fears and encourage much-needed investment in a struggling sector,” says Bert Lopes, Natural Resources Head at audit firm, BDO.

In the February 2018 National Budget Speech the Minister of Finance announced a VAT rate increase from 14 to 15 per cent that took effect on 01 April 2018. The increase is expected to raise an additional R22.9 billion in 2018/19. The increase’s potential impact on poor and low-income households...