Newsletter September 2016

Revised Special Voluntary Disclosure Programme In terms of the new global standard for the automatic exchange of information between tax authorities, the South African Revenue Service (SARS) will start receiving offshore third party financial data from other tax authorities from 2017. The Special Voluntary Disclosure Programme (SVDP) gives non-compliant taxpayers the opportunity to voluntarily disclose [...]

By |2017-03-29T14:22:25+02:00September 1st, 2016|Newsletter|

Newsletter June 2016

SARS COLLECTIONS EXCEED R1 TRILLION The need for greater protection of personal data is increasing globally. The European Commission has just implemented the General Data Protection Regulation (GDPR) which is aimed at strengthening and unifying data protection for individuals within the European Union (EU) as well as regulating the export of personal data outside the [...]

By |2017-03-29T13:08:58+02:00June 1st, 2016|Newsletter|

Newsletter May 2016

SARS COLLECTIONS EXCEED R1 TRILLION For the first time in the history of South Africa, tax collections have exceeded one trillion rand. In spite of difficult economic conditions, The South African Revenue Services (SARS) recently announced that it had met its tax collection target, collecting a record R1.0699 trillion in taxes in 2015. This was [...]

By |2017-03-29T12:45:04+02:00May 1st, 2016|Newsletter|

Newsletter March 2016

2016 BUDGET SPEECH - HIGHLIGHTS Finance Minister Pravin Gordhan began the 2016 budget speech by stating that low growth, high unemployment, and extreme inequality in our society is unacceptable to all of us, but that we are strong enough, resilient enough and creative enough to manage and overcome our economic challenges. Government’s aim is to [...]

By |2017-03-29T12:54:23+02:00March 1st, 2016|Newsletter|

Newsletter February 2016

BUDGET 2016/2017 With our currency still recovering from President Jacob Zuma’s hair-raising decision in December 2015 to replace Nhlanhla Nene with David van Rooyen, Pravin Gordan has come to the rescue as South Africa’s new Finance Minister. Gordhan succeeded Trevor Manuel as Minister of Finance in May 2009 and held this position until May 2014 [...]

By |2017-03-29T12:02:56+02:00February 1st, 2016|Newsletter|
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