Cecil Kilpin | October 2024 Newsletter

By |2024-10-11T12:59:17+02:00October 11th, 2024|Business, Finance + Economics, Innovation & I.T, Newsletter, Tax|

SMEs Embrace AI to Boost Efficiency and Competitiveness. Berlin, October 2023 - Small and medium-sized enterprises (SMEs) are increasingly turning to artificial intelligence (AI) to enhance their operations, improve customer experiences, and stay competitive in a rapidly evolving market. ​A recent study published in the Journal of Business Management highlights the key AI [...]

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Cecil Kilpin | September 2024 Newsletter

By |2024-10-02T14:17:17+02:00September 30th, 2024|Business, Environmental, Finance + Economics, Newsletter, Tax|

Tax Implications of Withdrawing from Two-Pot Retirement System. Starting from 1 September 2024, individuals planning to withdraw from the savings pot of the Two-Pot Retirement System must be registered for tax. Unregistered individuals must complete their registration before applying to their relevant fund, as unregistered requests will be rejected by SARS. [...]

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Cecil Kilpin | August 2024 Newsletter

By |2024-09-02T09:28:30+02:00August 30th, 2024|Business, Finance + Economics, Goverment, Newsletter, Tax|

National Treasury Welcomes Signing of Pension Funds Amendment Act. National Treasury expressed its satisfaction as the President signed the Pension Funds Amendment Act (31 of 2024) into law, marking the final step in implementing the two-pot system set to begin on 1 September 2024. ​This act introduces crucial changes to various pension-related [...]

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Cecil Kilpin | July 2024 Newsletter

By |2024-07-31T10:23:57+02:00July 31st, 2024|Business, Finance + Economics, Goverment, Newsletter, Tax|

CIPC Implements Stricter Beneficial Ownership Declaration Requirements for Companies and Close Corporations. In a recent media release, the Companies and Intellectual Property Commission (CIPC) announced the enforcement of stricter regulations regarding the filing of Beneficial Ownership Declarations with Annual Returns for companies and close corporations. ​This move is in response to the [...]

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Cecil Kilpin | June 2024 Newsletter

By |2024-07-31T12:26:28+02:00June 28th, 2024|Business, Environmental, Finance + Economics, Innovation & I.T, Newsletter, Tax|

SARS Introduces Automated Process for Trust Dispute Resolutions. In April 2024, an automated process for Trust taxpayers was introduced on eFiling to electronically submit documentation to lodge a dispute via a fully guided process. This applies to the following transactions: Submission of Request for Reasons Request for [...]

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Cecil Kilpin | April 2024 Newsletter

By |2024-04-18T12:12:59+02:00April 18th, 2024|Accounting, Business, Environmental, Finance + Economics, Newsletter, Tax|

Employer Annual Declarations (EMP501): 1 April to 31 May 2024. As an employer, it’s essential to stay informed about your tax obligations. The Employer Annual Declaration period is a crucial time when you need to submit accurate information to the South African Revenue Service (SARS). Let’s dive into the details: [...]

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Cecil Kilpin | July 2023 Newsletter

By |2023-09-19T15:08:09+02:00August 20th, 2023|Business, Finance + Economics, Goverment, Newsletter, Tax|

New Chief Director of Tax Policy at the Ministry of Finance. Ms Yanga Mputa has been appointed as the new Chief Director of Tax Policy at the Ministry of Finance. Ms Mputa has a wealth of experience in tax administration and policy, having served as a senior manager at the South African Revenue Service [...]

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Cecil Kilpin | Legislation Changes – Beneficial Ownership

By |2023-06-13T11:15:32+02:00June 13th, 2023|Business, Environmental, Finance + Economics, Goverment, Newsletter, Tax|

AMENDMENTS TO THE TRUST PROPERTY CONTROL ACT. The General Laws (Anti-Money Laundering and Combating Terrorism Financing) Amendment Act (no. 22 of 2022) came into force on 1 April 2023, and amends the Trust Property Control Act [as well as the Nonprofit Organisations Act (no.71 of 1997), the Financial Intelligence Centre Act (no.38 of 2001), [...]

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Cecil Kilpin | May 2023 Newsletter

By |2023-05-29T13:10:46+02:00May 29th, 2023|Business, Environmental, Finance + Economics, Goverment, Innovation & I.T, Newsletter, Tax|

Cybercrime and the Role of Directors. The recent pandemic has seen a dramatic move towards the use of technology in the business world. While the use of technology has in some instances increased productivity and eased the way of doing business, cybercrime has become is a global phenomenon with company data being [...]

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Cecil Kilpin | March 2023 Newsletter

By |2023-03-09T12:38:04+02:00March 9th, 2023|Business, Environmental, Finance + Economics, Goverment, Innovation & I.T, Newsletter, Tax|

Estate Duty. When a natural person (taxpayer) dies, that person is called a ‘deceased person’ and all his or her assets on date of death will be placed in an estate. This estate is called an estate of a deceased person (commonly known as a ‘deceased estate’). Assets in a deceased estate [...]

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