Law
Transfer pricing themes for 2022: transparency, technology and controversy

From Graphene Economics The 2021 Graphene Economics report on cross-border tax in Africa explores key trends for transfer pricing professionals and revenue authorities on the continent for 2022 and beyond. Like many other aspects of life, cross-border transactions (and therefore taxation) have been affected by issues like COVID-19 supply chain disruptions and rapid digitisation. Beyond […]

Accountants, lawmakers, urge rules on crypto accounting

The widespread investment in cryptocurrency among companies calls out for lawmakers to set standards for public, private companies and nonprofits. A plea to set guidelines and standards for accountants to apply has been sent out. Read more here.

5 new notices from the CIPC

Here is a list📜 of notices from the Companies Intellectual Property Commission:1️⃣Notice 39 of 2021: Compliance with Regulation 292️⃣Notice 42 of 2021: Temporary change in submission requirements for changes to company MOI (FORM COR15.2)3️⃣Notice 43 of 2021: External Company Registration (FORM COR20.1) To read more and know what this means for you and your practice, […]

Proposed amendments to the companies act highlights the importance of independent accounting professionals

Proposed amendments to the Companies Act highlights the importance of Independent Accounting Professionals. Companies with a PIS score of less than 100 and internally compiled financial statements, and Companies with a PIS score of less than 350 and independently compiled financial statements, are exempt from new onerous reporting transparency requirements as proposed in the Bill. […]

Accountants: Heroes or Villains?

Some accountants seem to be using their skills to promote tax evasion. Is this a systemic problem or just bad apples? Read more.

When to consider going under business rescue

Saiba offers a Business Rescue License to members holding the CBA(SA), CFO(SA) and BAP(SA) designations. Find out more here. Also read up on Saiba member Ruwynne Smith’s fantastic journey from accountant to business rescue practitioner. Directors wanting to address problems in financially distressed companies need to be proactive, diligent and aware of all options available […]

Can I refuse demands to get a vaccine?

By Hilda Grobler, LexisNexis: Governments worldwide face the same dilemma: Do existing human rights prevent them from compelling their citizens by legislation to be vaccinated? There is much uncertainty as to whether the Directions which were issued in June 2021 entitles South African employers to introduce mandatory vaccination at the workplace as the Bill of […]

Government departments owe us R1.4 billion – Tshwane Mayor Randall Williams

No-nonsense Tshwane Mayor Randall Williams explained some of the difficulties his administration has encountered in collecting monies owed to it – and it’s not just residents that are guilty of non-payment. Addressing the Saiba Practice Management Conference in Pretoria last week, Williams said government departments, many of them headquartered in the city, owe it a […]

How accounting giants craft favourable tax rules from inside government

From NY Times: For six years, Audrey Ellis and Adam Feuerstein worked together at PwC, the giant accounting firm, helping the world’s biggest companies avoid taxes. In mid-2018, one of Mr. Feuerstein’s clients, an influential association of real estate companies, was trying to persuade government officials that its members should qualify for a new federal tax […]

Resolving customs and excise disputes with Sars – alternative dispute resolution

By Rudi Katzke, Partner at Webber Wentzel There are various mechanisms to resolve disputes with SARS’ Customs and Excise divisions. In this article, we consider the alternative dispute resolution procedure. In the previous instalment of this series, we considered the internal administrative appeal as the main dispute resolution mechanism in the Customs and Excise Act, 1964 […]