Covid-19 Pandemic

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Cecil Kilpin | May 2022 Newsletter

By |2022-05-09T12:07:34+02:00May 9th, 2022|Business, Environmental, Finance + Economics, Goverment, Newsletter, Tax|

StatsSA Releases Latest Producer Price Inflation (PPI) Figures The following producer price inflation (PPI) statistics were published on 28 April by StatsSA, reflecting the inflationary pressures being felt throughout the world. Final Manufactured Goods Annual producer price inflation increased to 11,9% in March 2022, from 10,5% in February 2022. The main contributors were: Coke, petroleum, chemical, rubber and plastic products increased by 26,8% year-on-year and contributed 6,4 percentage points Food products, beverages and tobacco products increased by 7,6% year-on-year and contributed 2,0 percentage points Metals, machinery, equipment and computing equipment increased by 13,0% year-on-year and contributed 1,9 percentage points The month-on-month PPI increased by 2,5%. The main contributors were: Coke, petroleum, chemical, rubber and plastic products, which increased by 6,2% month-on-month and contributed [...]

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Cecil Kilpin | March 2021 Newsletter

By |2022-01-19T16:56:04+02:00Mar 25th, 2021|Business, Finance + Economics, Goverment, Newsletter, Tax|

Asset Tokenization As emerging technologies become more accepted and established throughout society, old problems become solved and new opportunities start to arise. Blockchain has been around for over a decade and has been popularized mostly through its association with cryptocurrencies. Offering numerous benefits, new applications of blockchain are constantly being researched in the hopes of disrupting industries. One of these applications is that of tokenization – specifically, the tokenization of assets. Firstly, what is asset tokenization? Effectively, it is the taking of a physical asset and converting it into a digital medium which is represented as a token on the blockchain. Each token also contains the associated ownership rights of the asset. For example, a house worth R1 [...]

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Cecil Kilpin | Further Tax Measures To Combat The Covid-19 Pandemic

By |2022-01-20T12:33:10+02:00Apr 29th, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax, Vat|

  In line with the President’s address to the nation on 21 April 2020, the Minister of Finance has provided more detail on the second set of measures that aim to assist individuals and businesses through the pandemic. The interventions include:     Skills Development Levy Holiday: From 1 May 2020, there will be a four-month holiday for skills development levy contributions Fast-Tracking of Value-Added Tax (VAT) Refunds: Smaller VAT vendors that are in a net refund position will be temporarily permitted to file monthly instead of once every two months, thereby unlocking the input tax refund faster and immediately helping with cash-flow Three-month Deferral for Filing and First Payment of Carbon Tax Liabilities: To provide additional time to complete the first return, as well as cash flow relief [...]

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Cecil Kilpin | Government’s COVID-19 Proposal

By |2022-01-20T12:42:49+02:00Mar 31st, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

Deferral Of The Payment Of Employees’ Tax Liability For Tax Compliant Small To Medium Sized Businesses   In order to assist with alleviating any cash flow burden arising as a result of the COVID-19 outbreak,Government proposes the following tax measures for tax compliant small to medium sized businesses, for a limited period of four months, beginning 1st April 2020 and ending on 31st July 2020: Deferral of payment of 20% of the PAYE liability, without SARS imposing administrative penalties and interest for the late payment thereof. The deferred PAYE liability must be paid to SARS in equal installments over the six month period commencing on 1 August 2020, i.e. the first payment must be made on 7th September 2020.   For the purposes of this [...]

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