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19 July 2019
09 July 2019
05 July 2019
27 June 2019
25 June 2019
B-BBEE compliance for companies is not a legislative requirement. Companies are not required to disclose their B-BBEE status or verify their status. It is seen as business requirement.
The Stats SA full year 2018 tourist arrivals data released recently shows a mixed picture, with the negatives far outweighing a few positive glimmers.
Taxpayers are investing in the so-called Section 12J Venture Capital Companies (VCCs), and receiving substantial tax benefits. The 12J Incentive are actively marketed on the basis that taxpayers will receive tremendous tax benefits. The risks and downside seem to not receive equal publicity. One...
Information regarding Companies subject to Administrative Penalties on outstanding Corporate Income Tax Returns
Because of the recent, more restrictive legislative and tax changes relating to trusts, clients are doubtful of the relevance and place for trusts going forward. Notwithstanding this, you should continue to consider the true purpose for creating and the continued use of your trust as an estate...
BUDGET 2019 - A Review
Whilst most tax collections fell short of budget, a tax that bucked this trend is the Sugar Tax or Health Promotion Levy. Budget 2018 announced expected revenue generated of around R1.7 billion in its first year. Actual revenue, however, is forecasted to amount to approximately only R3.4 billion!...
All may not be lost for impacted employers and employees! Many employers and employees are impacted by the change to the foreign employment exemption. Many hoped for a Government rethink but to no avail. The change, effective 1 March 2020, results in only the first R1 million of a qualifying...
20 February 2019. South Africa is faced with a stubborn and dangerously low economic growth rate. Our GDP is currently below 1% and after today’s National Budget speech it’s clear that our GDP is not forecast to exceed 2% for at least the next 3 years. We’re in a low growth economic and no matter...