CIPC Launches Digital Financial Reporting Solution The ease of doing business and particularly reducing the regulatory burden for businesses received a boost with the launch of Companies and Intellectual Property Commission (CIPC’s) Extensible Business Reporting Language (XBRL), a Digital Financial Reporting Solution at the Johannesburg Stock Exchange (JSE) in Sandton. The system will allow companies [...]
Davis Tax Committee (DTC) Publishes Final Reports The Davis Tax Committee was established in 2013 to review what role the tax system can play in addressing the following key issues amongst others: Economic growth Unemployment, poverty and inequality Small business growth Corporate tax base erosion and profit shifting In this context the following six final [...]
"REVIEW: MEDIUM TERM BUDGET POLICY SPEECH" Overview There was not much good news, with revenue shortfalls projected in 2017/18 to be R50 billion, R69 billion in 2018/19 and R89 billion in 2019/20. So, a collective shortfall over the next three years of over R200 billion, with limited detail on how to fund it. There is [...]
TAX SEASON 2017 NOW OPEN Tax Season 2017 officially opened on Saturday, 1 July 2017 for eFilers. To assist you we have prepared some helpful information below. Not everyone needs to file an income tax return. Taxpayers do not have to submit an income tax return if: Their total salary for the year before tax [...]
