• +27 (0)10 595 6910

DONATIONS TAX DEADLINE: 31 MARCH

A registered South African trust can be used as a risk management tool. As such it is common for a trust to enter into a transaction whereby assets are acquired from a connected person to the trust. Often the Trust does not have the cash to pay for the asset outright, the asset is then purchased by the trust by way of a loan account.

SARS SPOTLIGHT CLEARLY ON TRANSFER PRICING

The Minister recently announced A R3 billion spending allocation towards the enhancement of SARS enforcement with a particular focus on transfer pricing, it is highly probable that we will be seeing more queries and audits in this area.

SARS AUTO-ASSESSMENT

SARS recently came up with the new initiative of creating auto-assessments for taxpayers.

AMENDED "FINANCIAL EMIGRATION" PROCESS - NEW CAPITAL FLOW SYSTEM

A new Capital Flows Management system was announced during the 2020 Budget speech, which would see the replacement, in stages, of the existing Exchange Control ‘regime’ with practices and procedures which largely focus on the control of certain types of transfers or transactions, mainly Capital in nature.

LIFE-HACKS FOR A MORE PRODUCTIVE REMOTE WORKFORCE

It’s a strange new world that we’re living in, one in which the digitalisation of the traditional office is happening at a rapid rate. Many businesses are reaping the benefits of remote work in a society where going into the office no longer seems necessary (not to mention that it could present an array of health dangers).

5 GROWTH TIPS FOR SOLE PROPRIETOR BUSINESS OWNERS

Running a business as a sole proprietor, especially in a highly volatile economy, is a momentous task.

5 MINDSET SHIFTS FOR LEADERS DURING ONGOING CRISIS

Humankind has always been known for its innovation and ability to advance in technology and science. Most of human development and technology is the product of the last 200 years of history. In fact, we are developing technology and innovation at an exponentially increasing rate.

TEMPORARY LETTING AND SUBSEQUENT SALE OF DWELLINGS BY PROPERTY DEVELOPERS

As from 10 January 2012, property developers who let residential property prior to sale were granted temporary relief from the VAT claw back that would normally arise by way of a change of use adjustment. The relief applied for a maximum of 36 months per unit if the developer was unable to sell the property due to lack of demand...

A RECAP ON PROVISIONAL TAX

For all individuals and the majority of companies in South African the much dreaded second provisional tax return is due at the end of February, which is fast approaching. Here are some basic principles to bear in mind when attending to your provisional tax return for this period...

SARB LIFTS BAN ON "LOOP STRUCTURES" FOR INDIVIDUALS AND CORPORATES

As from 10 January 2012, property developers who let residential property prior to sale were granted temporary relief from the VAT claw back that would normally arise by way of a change of use adjustment. The relief applied for a maximum of 36 months per unit if the developer was unable to sell the property due to lack of demand..

CONTACT

Tel: +27 (0)10 595 6910
Email: info@pkfvga.com

Address:
89 Michelle Ave
Randhart
Alberton, 1449

REQUEST A CALL BACK

If you need to speak to us about a general query fill in the form below and we will call you back within the same working day.

Let us help you.

© Copyright 2021. All Rights Reserved.    
Powered by Insty.Pages