In an interpretation note of November 2009, SARS provided a schedule of depreciation write-off periods applicable to all types of machinery and equipment.
In his recent budget speech, the Minister of Finance proposed no material changes. The budget does, however, plot the course back to fiscal sustainability without sacrificing important government programmes and derailing the economic recovery.
The first Pay-As-You-Earn (PAYE) biannual conciliation declaration now required by SARS from employers for the six months until 31 August 2010 is underway.
Considering the validity and relevancy of one’s will on a regular basis is of crucial importance.
A study conducted in the USA provided a comprehensive analysis of fraudulent financial reporting. Some of the key findings may also apply to businesses in South Africa.
Die rente wat Suid-Afrikaners uit bronne in Suid-Afrika verdien, word in sekere gevalle van belasting vrygestel om besparing in die middel en laer inkomstegroepe aan te moedig.
When offshore funds are introduced to South Africa and the funds represent a loan to a resident, Reserve Bank approval is required to introduce the funds.
Die bevindings in ’n inkomstebelastingsaak wat onlangs gepubliseer is (ITC 1840), het opnuut bevestig hoe belangrik dit is dat die bepalings van ’n trustakte reg bewoord word en dat die trustees binne hierdie bepalings optree.
“I have seen many, if not most, risk management processes fail within the first year,” declared Louw van der Merwe.
The recent financial crisis has served to emphasise the value of proper information management, and the failure of some organisations to do just that.