At the beginning of the year, Government replaced its Preferential Procurement Policy Framework Act with the new Preferential Procurement Regulations, which came into effect in April.
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In March last year, the Independent Regulatory Board for Auditors (IRBA) stated that it was withdrawing from the regulation of the B-BBEE verification industry
With Broad-Based Black Economic Empowerment (BBBEE) legislation often dictating the business landscape in the country
While the 2017 Budget Speech left much to be desired, there was a glimmer among the gloom – particularly for employers and employees.
Speculation has persisted for quite a while about whether or not non-executive directors are subject to VAT and/or PAYE.
When it comes to submitting your VAT return, it is fundamental that you’ve covered all your bases correctly.
Firstly, let’s define what CGT is. Capital gains tax is not a separate tax, it forms part of income tax. Essentially, a capital gain is when you sell an asset for more than what you purchased it for.
The National Credit Amendment Act came into effect March last year, and with it Section 40’s removal of the requirement of 100 Credit Agreements outstanding.
Once again, many South African’s found themselves disappointed with the result of the year’s budget speech.