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South Africa is the 12th-largest greenhouse gas emitter in the world and the worst sulphur dioxide polluter on the planet – surpassing the combined emissions of the US and China. Our emission status can largely be attributed to our reliance on coal to produce almost 80% of our electricity. Yet we...
Living in a country as culturally diverse as South Africa, one witnesses the different types of relationships there are. Gone are the days where only marriages in the traditional sense exist.
The days of COVID restrictions applying to foreign travel almost seem to be part of a bad memory. However, such travel restrictions may have had corporate tax consequences.
The SARS VAT verification process is a daily occurrence for many VAT vendors. Tax invoices are uploaded with other information as requested by SARS. Tax invoices are scrutinised to ensure compliance with section 20(4) of the VAT Act. However, in some instances the document uploaded is a credit...
You #DaredtoAsk and we answered!
The pandemic has changed the way we do business - but that’s not necessarily a bad thing.
South Africans have created offshore companies for various reasons. A fairly common reason is simply to diversify risk, in that the SA person will then have some assets offshore. This seems to be an increasingly common trend.
A recent announcement by Eskom to lease land in Mpumalanga to renewable energy producers to feed production into the grid could see around 36,000 hectares of unutilised land owned by the parastatal made available to investors interested in renewable energy projects.
Actions speak louder than words. If these recent South African court cases don’t convince you to administer your family trust according to the letter of the law, nothing will. BDO’s Ricardo Teixeira CFP® and Phia van der Spuy of Trusteeze choose three of their most instructive cases.