RSM South Africa
24 May 2017

Public officers and their duties

In the Tax Administration Act, South African Revenue Service (“SARS”) sets out the requirements for the public officer of a company. A public officer is an individual who is residing in South Africa and must be a registered taxpayer with SARS. The...
24 May 2017

Performance reviews for trainees

Performance reviews are a part of being a trainee accountant and are important to ensure you develop into a skilled professional. One of our trainees takes a look at how best to handle the performance review.
18 May 2017

Mandatory audit firm rotation – the debate continues

The principle of Mandatory Audit Firm Rotation (MAFR) was discussed in a previous article, when the parliamentary Standing Committee on Finance had just finished their first round of hearings on the subject and we were anxiously awaiting the second...

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10 May 2017

Issue 70 - IFRS News in Brief

PUBLICATIONS AND ANNOUNCEMENTS Proposed minor amendments to IFRS 9 open for comment until 24 May 2017
9 May 2017

SARS and the taxpayer's rights

SARS has the power to remove money out of your bank account. What are your rights as the taxpayer? The Tax Administration Act No. 28 of 2011 (TAA) came into effect on 1 October 2012, the main objective of which was to align the tax administration...
IFRS News in Brief
21 April 2017

IFRS News in Brief - Issue 69

PUBLICATIONS AND ANNOUNCEMENTS Proposed amendments to IFRS 8 open for comment until 31 July 2017
Library image
13 April 2017

The ever evolving business environment needs leaders not bosses

As we progress through our training contracts and our careers in general, we are faced with an increased need to mentor those below us. Little do we realise the great impact that our actions have on those we teach. As trainees we should aim to share...
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11 April 2017

Transfer Pricing - New record keeping requirements

In July of 2016 South African Revenue Services issued a draft notice in terms of Section 29 of the Tax Administration Act. The draft notice sets out additional record keeping requirements for transfer pricing transactions.
Cityscape
7 April 2017

Should a non-executive director register for VAT?

As indicated in a previous article published on 17 June 2016, it was uncertain whether or not a non-executive director needs to register for VAT? SARS has now issued Binding Private Ruling 40 and Binding Private Ruling 41 that deals specifically...
Calculator
6 April 2017

Tax considerations surrounding cross border loans

With the almost non-existent growth in the economy in the last few years, it has become a common practice for taxpayers with foreign shareholding to receive financial assistance from their holding companies. This assistance is generally in the form...

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