Monthly Archives: June 2017

TO AUDIT OR NOT TO AUDIT?

The new Companies Act stipulates that only listed companies, and companies deemed to be in the public interest, are required to be audited and that non-public companies may choose between an independent review or an audit. Given the value of … Continue reading

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NON-EXECUTIVE DIRECTORS – HAVE YOU REGISTERED FOR VAT?

SARS recently published two Binding General Rulings (number 40 and 41) that have put the tax treatment of non-executive director’s fees to bed, which will come in effect on 1 June 2017. As it stands, a Non-Executive Director (NED) earning … Continue reading

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HOW TO REDUCE THE COSTS IN AN ESTATE

Ensure sufficient cash is available to avoid sale of assets – Fisa. Ingé Lamprecht  /  7 March 2017 00:27 JOHANNESBURG – The death of a spouse, friend or relative is often an emotional time even before estate matters are addressed. And truth be … Continue reading

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EXEMPTION FOR FOREIGN SALARY EARNERS

South African tax resident individuals are liable to income tax on their worldwide income. In other words, where a South African tax resident individual were to earn a salary for employment which may from time-to-time be exercised outside of the … Continue reading

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