Professional Accountant

Celebrating 40 Years of Excellence

In January this year, we celebrated our 40th anniversary and I invite you to join us in reflecting on what an honour that is. When the Institute was first conceived in 1982 as a means to capacitate a market sorely lacking in pure accountancy practitioners, who would have imagined that it would become one of the leading accountancy bodies in South Africa? More than that, a leader in a global community of over three million accountants that IFAC represents.

As Lawrence of Arabia famously said: “Big things have small beginnings.”

There is no doubt that our founding members had a strong vision and the fierce determination to build a professional body that mapped its own path and determined its own destiny. They pursued big things.

If there is one lesson we have learned from them, it is this: tomorrow starts today, so keep an eye on
the horizon and act on what you see.

I believe this spirit is still alive and well in SAIPA. We experience it every day in our vision, our mission and our initiatives.

Shahied Daniels,
Chief Executive at SAIPA

Tax Professional

Word from CoTE

We find ourselves in a time where war clouds are hanging over Central Europe, oil prices are at unprecedented high levels and inflationary pressures keep mounting globally as well as on the domestic front.

Against this backdrop the maiden budget speech by Finance Minister Enoch Godongwana was humorously presented, but in content, quite bland.

The inflationary adjustments to the tax brackets are not based on real inflation, therefor taxpayers will find the purchasing power of their rand dramatically weakened. The only surprise was the no increase in the fuel and Road Accident Fund levies.

Is Government doing enough to curb wasteful and fruitless expenditure, and how does this impact on taxpayers’ perception?

The reduction in the corporate tax rate by one percentage point to 27% will be offset by the limitation on deductions for assessed losses and foreign interest costs, so is there really a benefit to taxpayers? There has been very little mention of small and medium sized enterprises, let alone any real tax relief in a time when the aftermath of the Covid-19 pandemic is still lingering.

Phillip Joubert
CoTE Manager at SAIPA

Tax Professional – Current Issue

Word from CoTE

We find ourselves in a time where war clouds are hanging over Central Europe, oil prices are at unprecedented high levels and inflationary pressures keep mounting globally as well as on the domestic front.

Against this backdrop the maiden budget speech by Finance Minister Enoch Godongwana was humorously presented, but in content, quite bland.

The inflationary adjustments to the tax brackets are not based on real inflation, therefor taxpayers will find the purchasing power of their rand dramatically weakened. The only surprise was the no increase in the fuel and Road Accident Fund levies.

Is Government doing enough to curb wasteful and fruitless expenditure, and how does this impact on taxpayers’ perception?

Phillip Joubert
CoTE Manager at SAIPA

Professional Accountant – Previous Issues

Tax Professional – Previous Issues