Finance

July 4, 2019

CAPITAL GAIN: CALCULATING YOUR FOREIGN CURRENCY

With the fast approaching 2019 tax season, taxpayers who have realised a capital gain in a foreign currency should take note of the special rules that […]
September 20, 2018

WHEN SHOULD FINANCIAL STATEMENTS BE AUDITED, REVIEWED OR COMPILED?

The Companies Act of South Africa (the Act) requires all companies to prepare financial statements within 6 months after the end of its financial year. A […]
September 17, 2018

CIPC INTRODUCE XBRL

CIPC recently decided that all companies who are subject to an audit must file their Annual Financial Statements in iXBRL format. XBRL will make it easier […]
August 27, 2018

CAPITAL GAINS TAX AND THE ANNUAL EXCLUSION

With the 2018 tax-filing season for individuals in full swing, it is worthwhile looking at a common misconception regarding the determination of capital gains tax for […]
May 24, 2018

CRYPTOCURRENCY

Cryptocurrency and blockchain has been the hot topic in the media the past year.  It is a concept that few truly understand, and could change the […]
March 25, 2018

BUDGET 2018: IT’S A NUMBERS GAME

South Africa’s budget paints a very interesting picture when one drills down into the numbers involved. The annual national budget presented in Parliament on 21 February […]
August 15, 2017

INTEREST FREE LOANS AND TRUSTS

The recent introduction of section 7C to the Income Tax Act[1] brought the taxation of trusts, and the funding thereof specifically, under the spotlight again. Briefly, […]
August 15, 2017

BRACKET CREEP, VAT AND THE 2017 BUDGET

Year on year the personal income tax tables are adjusted and based on which individuals are taxed based on an increasing sliding scale based on their […]
August 15, 2017

INTEREST FREE LOANS CROSS BORDER

A consideration of the tax consequences of interest free loans will be incomplete if not also considered in the context of interest free debt funding being […]