| SAIPA Welcomes Government's Prudent, Practical Approach To Spending |
SAIPA, the South African Institute of Professional Accountants, has welcomed Finance Minister Pravin Gordhan's no-nonsense approach to the country's finances, as displayed in the much-anticipated Medium Term Budget Policy Statement delivered in Parliament yesterday.
In particular, SAIPA has hailed the cost-cutting efforts unveiled in the first budget policy statement of President Jacob Zuma's government as evidence of a responsible approach to public finances amidst a tough economic climate in which over 500 000 people have lost their jobs. Read more...
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Fight Is On For Every Cent
Linda Ensor And Sanchia Temkin, BusinessDay
The South African Revenue Service (SARS) has raised about R5bn in additional tax in the first seven months of the fiscal year by toughening up its enforcement. Read more...
King III zeroes in on share-based remuneration
The third report of the King Committee echoes the global call forrobust governance and transparency with respect to the remuneration of company executives and directors. Read more...
Permanent Establishment Considerations
Andrew Wellsted, Director, Deneys Reitz Inc.
Parties entering into cross-border transactions must consider the possibility of the transaction giving rise to a permanent establishment for either party, with an eye to avoiding this problem where possible. Under most international Double Tax Agreements, where a permanent establishment exists, the country in which the permanent establishment is situated will have the right to tax any business profits which are attributable to that permanent establishment. Read more...
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SAIPA Your Law
Promotion of Access to Information Act : Appeal against information decisions: The following are selected aspects of the rules of procedure that will apply as from 16 November 2009. Note that court rules will apply (unless stated otherwise in these rules or by a court) and that court fees will apply (unless waived by the court at its discretion). Read more...
The 20th ECSAFA Anniversary conference: Update
ECSAFA
SAIPA attended the 20th ECSAFA Anniversary conference held in the Sandton Convention Centre, Johannesburg, South Africa on the 21st – 23rd September 2009. The issues that were discussed were: doing business in Africa; financial, social and political considerations, and many more. The presentations by the professional bodies has been made available to members on the SAIPA website. Click here to view them
Savings Plan Sets R27bn Target
Linda Ensor, BusinessDay
The government plans to save an initial R27bn at national and provincial level over the next three years by tightening its belt and cutting back on expenditure. Read more... |
How to Serve Your Clients
Jennifer Sicking, AICPA
In today's economy, clients are looking to cut or reduce costs. If a client considers you nonessential you are not providing them enough TLC, and I'm not referring to tender loving care. Read more... |
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South African Institute of Professional Accountants SAIPA House Howick Close Waterfall Park Vorna Valley Midrand South Africa PO Box 2407 Halfway House 1685 South Africa t: +27 011 207 7840 f: +27 011 805 0105 info@saipa.co.za www.saipa.co.za
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CIPRO Updates
SARS Updates
SAIPA Your Law: Latest Issues
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Will the owner (one members) of a SBC be liable for personal income tax on funds that are paid out to him/her after the applicable STC is paid to SARS by the SBC? Is STC the same for SBC as listed for close corporations by SARS
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A director has the use a company vehicle. The company does not own the vehicle, but leases it through Avis Fleet Services (this includes maintenance). The director is reimbursed for the fuel usage. How is the value of the vehicle determined in order to calculate the fringe benefit?
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A trust has been awarding its profit to two minor beneficiaries in the previous years and now these beneficiaries are over 18 years. How do we diclose the beneficiaries income?
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