Should you be looking at a tax-deductible Section 12J investment?

Section 12J (Venture capital investments) came into operation on 1 July 2009, and in the current market environment, alternative investments are attracting a lot of attention. Venture capital companies (VCC) that operate under Section 12J of the Income Tax Act may offer the potential of attractive returns and can also under Section 12J give investors an upfront deduction of their […]

King IV™ Applicability of The Code™:

King IV™ is voluntary applied, on an Apply and Explain basis. It applies to all organisations, regardless of their form of incorporation. It is structured as a Report that includes The Code™, and additional separate sector supplements for SME’s, NPO’s, State-Owned Entities, Municipalities and Retirement Funds. Purpose of The Code™: It focuses on the following outcomes: Ethical culture Good performance […]

Non-Executive Directors (NEDs): Have you registered for VAT?

SARS recently published two Binding General Rulings (number 40 and 41) that have put the tax treatment of non-executive director’s fees to bed, which will come in effect on 1 June 2017. As it stands, a Non-Executive Director (NED) earning more than R1 million in director’s fees in any 12-month period should register for VAT. What will happen when the […]