Latest Financial News
New Memorandum of Incorporation (MOI) for Companies
In terms of the new Companies Act, all Companies are required to submit a new MOI to the Commissioner of Companies by 30 April 2013.
- SARS Penalties for Non-Compliant Taxpayers
SARS introduced a system of strict new administrative penalties against non-compliant taxpayers.
Non-compliance includes failure to register as a taxpayer and failure to submit tax returns and other documents to SARS. The penalty amounts are determined according to the taxpayer’s taxable income and range from R250 to R16 000 a month.
Individual Tax Filing Season 2012
The filing season for tax returns for individuals opens in July 2012.
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