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Property professionals anxious as FIC Amendment Act compliance deadline approaches
Property professionals anxious as FIC Amendment Act compliance deadline approaches

Estate agents are becoming anxious as the compliance deadline for the Financial Intelligence Centre (FIC) Amendment Act is fast approaching...

23 hours ago

Have your say on Financial Institutions Bill
Have your say on Financial Institutions Bill

National Treasury has invited the public to provide comments on the draft Conduct of Financial Institutions (COFI) Bill 2018, which was published today, together with an explanatory policy paper that sets out the policy rationale for the bill...

2 days ago

Have your say on national payment system review
Have your say on national payment system review

National Treasury and the South African Reserve Bank (Sarb) have published the Review of the National Payment System Act 78 of 1998 policy paper for public comment...

6 Dec 2018

Garyn Rapson, partner at Webber Wentzel
Some take outs on carbon tax

After more than eight years in the making, South Africa's carbon tax law is expected to take effect on 1 June 2019...

By Garyn Rapson 3 Dec 2018

Penalties for outstanding corporate income tax returns to kick in soon
Penalties for outstanding corporate income tax returns to kick in soon

Sars will soon impose administrative non-compliance penalties for outstanding corporate income tax (CIT) returns...

29 Nov 2018

Mboweni tables Carbon Tax Bill
Mboweni tables Carbon Tax Bill

Finance Minister Tito Mboweni has tabled the Carbon Tax Bill in Parliament, giving effect to the announcements made in the 2017 and 2018 Budget statements...

22 Nov 2018

AG urged to complete audit bill regulations
AG urged to complete audit bill regulations

The Standing Committee on the Auditor General has urged the Office of the Auditor General to accelerate the completion of the development of regulations to give effect to the Public Audit Amendment Bill...

22 Nov 2018

New audit law to hold accounting officers liable
New audit law to hold accounting officers liable

As irregular and fruitless expenditure continues to soar, Auditor-General Kimi Makwetu says the newly accented Public Audit Amendment Act will empower his office to take measures that will see accounting officers being held to account for material irregularities...

21 Nov 2018

Taxpayers missing deadline should still file returns, says Sars
Taxpayers missing deadline should still file returns, says Sars

The South African Revenue Service (Sars) will today embark on a nationwide awareness campaign aimed at getting taxpayers to submit outstanding returns...

20 Nov 2018

Parliament approves Division of Revenue Amendment Bill
Parliament approves Division of Revenue Amendment Bill

The National Assembly on Tuesday approved the Division of Revenue Amendment Bill, which will adjust the equitable share among the three spheres of government...

15 Nov 2018

Tom Moyane has been fired as South Africa’s tax boss on the recommendation of a commission of inquiry. Sunday Times/Masi Losi
Why removal of South Africa's tax boss is key to Ramaphosa's chances of success

South African President Cyril Ramaphosa has changed the country's political landscape significantly since he came to power in February 2018...

By Dirk Kotze 13 Nov 2018

Non-compliant companies will feel the pain from Sars from December
Non-compliant companies will feel the pain from Sars from December

Sars will be using information supplied by the Companies and Intellectual Property Commission (CIPC) to determine which companies are not tax compliant and impose penalties accordingly...

9 Nov 2018

Jeremy Burman of PCH
VAT trap could impact on your earnings

It's been nine years since the annual threshold required to register as a VAT vendor was increased from R300,000 to R1m...

8 Nov 2018

Kuben Naidoo, South African Reverse Bank deputy governor and CEO of the country’s Prudential Authority. Flickr/UNU-WIDER
Explainer: lessons from the collapse of a small South African bank

The South African Reserve Bank placed VBS, a small mutual bank, under curatorship in March this year against a backdrop of a serious liquidity crisis...

By Jannie Rossouw 5 Nov 2018

Sars preliminary results show improvement
Sars preliminary results show improvement

Preliminary results at the close of the tax season for non-provisional taxpayers showed a 2.1% increase from the previous year's submissions, despite a shorter filing season...

2 Nov 2018

Tom Moyane
Moyane gets the boot

Acting on the interim report of the South African Revenue Service (Sars) Commission, President Cyril Ramaphosa fired Tom Moyane as commissioner of the revenue service yesterday with immediate effect...

2 Nov 2018

Robert Hare, senior associate, Bowmans
Is tax law change the death knell for SA's crypto R&D?

A seemingly small change in the tax law could have a big impact on cryptocurrency research and development (R&D) in South Africa...

By Robert Hare 29 Oct 2018

Tax return deadline looms
Tax return deadline looms

Individual taxpayers have until close of business on Wednesday, 31 October, to file personal income tax returns, the South African Revenue Service (Sars) said...

26 Oct 2018

#MTBPS2018: Short-term pain for long-term growth
#MTBPS2018: Short-term pain for long-term growth

Finance Minister Tito Mboweni's maiden Medium Term Budget Policy Statement (MTBPS) reflected some of the short-term sacrifices needed for longer term, broader economic benefit...

25 Oct 2018

Zweli Mkhize, minister of cooperative governance and traditional affairs
Heads roll amid VBS municipal probe

Several municipal officials have been suspended and in some instances, charged with fraud in relation to investments made in VBS Mutual Bank...

24 Oct 2018

Tax invoice corrections and the Admin Laws Amendment Bill
Tax invoice corrections and the Admin Laws Amendment Bill

To err is human and mistakes are sometimes made on tax invoices. The draft Administration Laws Amendment Bill, 2018 proposes the inclusion of a new section 20(1B) dealing with errors to tax invoices...

By Graeme Palmer 23 Oct 2018

Bizcommunity Recruitment in Africa Focus
Bizcommunity Recruitment in Africa Focus

A comprehensive B2B Recruitment Focus from December 2018 to February 2019 will ensure that Bizcommunity is the go-to destination for all the B2B news you'll need to plan your HR and recruitment strategies in 2019...

Issued by Bizcommunity.com 23 Oct 2018

Sars' Nugent inquiry interview goes viral
Sars' Nugent inquiry interview goes viral

NEWSWATCH: Sars 'chief of digital and IT, Mmamathe Makhekhe-Mokhuane's interview with Sakina Kamwendo regarding the Nugent inquiry into the tax collector's IT and e-filing infrastructure, on the SABC's Morning Live yesterday, has gone viral...

18 Oct 2018

Suspended Sars commissioner, Tom Moyane
President studying Sars commission report

President Cyril Ramaphosa has received an interim report from the commission of inquiry into tax administration and governance by the South African Revenue Service (Sars).

17 Oct 2018

What will Mboweni talk about in the MTBPS?
What will Mboweni talk about in the MTBPS?

Just a few weeks into his tenure Minister, Tito Mboweni, will deliver his first Medium-Term Budget Policy Statement (MTBPS) on 24 October...

By Nicci Botha 16 Oct 2018

The best Biz summer holiday (content) package ever!
The best Biz summer holiday (content) package ever!

Feeling a bit state-capsized, swept along by more waves than a cryptocurrency chart? Here are some life-saving festive content ideas...

Issued by Bizcommunity.com 15 Oct 2018

Regulations keep IFAs awake at night
Regulations keep IFAs awake at night

Independent financial advisers (IFAs) believe one of their greatest challenges now and over the next five years is regulations related to the industry...

By Nicci Botha 15 Oct 2018

Is the supply of low income housing zero-rated or not?
Is the supply of low income housing zero-rated or not?

In the recent case of Sars v Amawele Joint Venture, the Supreme Court of Appeal considered whether three low income housing projects were zero-rated supplies in terms of the VAT Act...

By Kerushnie Govender and Arnaaz Camay 11 Oct 2018

Report on VBS recommends criminal charges
Report on VBS recommends criminal charges

A forensic report into the embattled VBS Mutual Bank has recommended that criminal charges be laid against a range of individuals alleged to have looted about R2 billion from the financial institution...

11 Oct 2018

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