MY FIVE CENTS

My thoughts on current news and occurrences in the dynamic tax and financial landscape of South Africa, as well as relevant international matters.

Our Five Cents Articles

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The South African Revenue Service (SARS) introduced the Tax Compliance Status System in 2015 to replace the paper base Tax Clearance system. Once you have applied for a Tax Compliance ...

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The RRA01 form provides an informal method to request amendments to an assessment without the need to follow the formal objection and appeal processes. This is applicable under the ...

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Provisional tax is a system used to pay income tax on a current basis, rather than in a lump sum at the end of the tax year. This system helps spread the tax burden throughout the ...

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The Tax Administration Act requires that a person must keep complete and accurate records – books of account and/or documents. The retention of records will assist a person to fulfil ...

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With the introduction of the new two-pot system for retirement funds starting on 1 September 2024, it’s important for members to understand the new withdrawal processes and requirements. ...

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Liquidation is a critical process in the lifecycle of a company or close corporation, involving the winding-up of affairs, settlement of obligations, and ultimately, the dissolution ...

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