New Divident Tax from 1 April 2012
The new dividend tax will be implemented on 1 April 2012. This is a move from a secondary tax on companies (STC) previously to the dividends tax (a withholding tax). Dividends tax will be levied at a rate of 10% on the amount of any dividend paid by...
Is it compulsory to have an audit for my (Pty) Ltd?
Under the 1973 Act, all Pty (Ltd)'s required an audit to be completed on their annual financial statements. All companies which existed before 1 May 2011, are required to lodge an amendment to their Memorandum and Articles of Association by no later...
Medium Term Budget Policy Statement
The medium term budget plan presented by Finance Minister, Pravin Gordhan, on the 5th of October has received praise from most areas. Minister Gordhan and the government were congratulated for a ‘progressive and inclusive budget statement’ in whi...
Individual Taxpayer Deadlines
Friday 1 July 2011 marked the beginning of Tax Season 2011. The submission deadline for non-provisional taxpayers submitting paper/manual returns has now passed. Non-provisional taxpayers wanting to capture returns electronically have until Frid...
Bi-annual PAYE Reconciliation Season open! (EMP501 and IRP5/IT3 certificates)
Spring does not only bring blooming flowers, radiant sun and new life! No, it also means the filing season for the submission of the bi-annual PAYE reconciliation opened on the 1st of September 2011, with the final deadline being the 31st of Octobe...
