Business needs to keep abreast of the current developments and changes which impact on day-to-day activities, and which will also affect medium to long-term strategic planning. The tax environment especially is constantly changing, with amendments to the Tax Acts after every budget speech and also frequent changes to practices by the tax authorities which must be kept in mind while doing business. The inherent risks in not remaining informed are significant. We therefore aim to keep you updated with the major news on these issues, and are happy to assist with any questions you may have regarding these items.
Please view the news items below:
Budget 2012 highlights - click to read more
Changes to provisional tax legislation - click to read more
Changes to travelling allowance - click to read more
Voluntary Disclosure program - click to read more
New Companies Act - click to read more
Implementation of the Companies and Intellectual Property Commission - click to read more
SARS – changes to bank details - click to read more
New Consumer Protection Act - click to read more
New Consumer Protection Act – registration of business trading names - click to read more
New Tax Administration Bill, 2011 penalties - click to read more
SARS - www.sars.gov.za
New SARS penalties - www.sars.gov.za
2010/2011 logbook - www.sars.gov.za
Department of Labour - www.labour.gov.za
Department of Trade and Industry - www.thedti.gov.za
CIPC - www.cipc.co.za
Southern African Institute For Business Accountants - www.saibr.org
Currency Converter - www.xe.com
1 March 2009: Voluntary registration VAT threshold increased to R1 million
1 May 2011: Implementation of new Companies Act
1 May 2011: Companies and Intellectual Property Commission (CIPC) replaces CIPRO
31 October 2011: Closing date for applications in respect of the Voluntary Disclosure Program
28 February 2013: Odometer day - record closing kilometres travelled where you are in receipt of a travelling allowance
31 May 2013: Deadline for submission of 2013 annual PAYE reconciliation and registration of employees for income tax
30 August 2013: First provisional payment and return due for 2014 tax year
30 September 2013: Third (voluntary) provisional payment for 2013 tax year
30 September 2013: Deadline for submission of postal/SARS drop box income tax returns (Provisional and Non-provisional: Individuals and Trusts) – 2013 tax year
31 October 2013: PAYE Interim Reconciliation (six-month interim reconciliation for the period 1 March to 2013 to 31 August 2013)
22 November 2013: Deadline for submission of efiling/branch income tax returns (Non provisional: Individuals and Trusts) – 2013 tax year
31 January 2014: Deadline for submission of efiling/branch income tax returns (Provisional: Individuals and Trusts) – 2013 tax year
28 February 2014: Second provisional payment and return due for 2014 tax year
28 February 2014: 12 months after financial year-end 2013: Submission of IT14 and IT12EI income tax returns for companies and exempt institutions – 2013 tax year