We at Fincor believe that the individual client has the freedom to choose, and therefore we provide our clients with a variety of financial, accounting, tax and bookkeeping services, products and solutions so as to ensure the future wealth and prosperity of their business.
Reference Acts and Documents Value-Added Tax ActSARS VAT Tax Form 264SARS Binding General Ruling (VAT)43 (BGR43)SARS Interpretation No. 49 - Notional VAT and second-hand property What is Notional VAT? Subject to certain exceptions, the Value-Added Tax Act, Number 89 of 1991 entitles a registered VAT vendor to claim a notional…
Reference Acts and Websites Compensation for Occupational Injuries and Diseases Act (1993)Compensation for Occupational Injuries and Diseases Amendment Act (1997) The Compensation Funds "e-COID" online facility on website http://www.labour.gov.za/Online-ToolsRand Mutual Assurance's online services on https://randmutual.co.za/information-zone What are these two Funds? The Compensation Fund provides compensation for workers who get hurt…
Reference Acts, documents and websites Patents Act, 1978 (Act 57 of 1978) Register patents, maintain data, publish patent journal, administer Court of Commissioner of PatentsTrade Marks Act, 1993 (Act 194 of 1993) Register trade marks, maintain data, resolve disputesDesigns Act, 1993 (Act 195 of 1993) Register designs, maintain data, resolve…
Reference documents Basic Conditions of Employment Act, as amendedIncome Tax Act, as amendedNational Budget Speech, February 2021National Minimum Wage Act, as amended This article gives a brief overview of salary and wage related thresholds and how it is applied in the workplace. As with all income brackets it has the…
In this second NPO-related article, we continue discussing some legal aspects of non-profit organisations and the benefits thereof. Please refer to article 1 of 2 as well. Applicable Laws • Constitution of the Republic of South Africa, Act 108 of 1997 (as amended)• Companies Act of 2008 and Companies Amendment…
In this article, we will discuss some legal aspects of non-profit organisations and the benefits thereof. Applicable Laws • Constitution of the Republic of South Africa, Act 108 of 1997 (as amended)• Companies Act of 2008 and Companies Amendment Act of 2011• Non-Profit Organisations Act 71 of 1997 (as amended)…
Reference sites, guides and legislation: www.sars.gov.zaGuide on the calculation of the tax payable on lump sum benefitsRates and Monetary Amounts and Amendment of Revenue Laws ActIncome Tax ActTax Administration Laws Amendment ActTaxation Laws Amendment Act In this article, we will discuss the basic tax implications when going on retirement. A…
Following on the Financial Sector Regulation Act, 2017 (“FSR Act“), the Conduct of Financial Institutions Bill (“COFI“) was published by the Minister of Finance in December 2018 for public comment until 1 April 2019. The second draft of the Conduct of Financial Institutions (CoFI) Bill published on 29 September 2020…
Reference documents from www.sars.gov.za (latest news sub-section) Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2020, (Act No. 22 of 2020)Taxation Laws Amendment Act, 2020 (Act No 23 of 2020)Tax Administration Laws Amendment Act, 2020 (Act No. 24 of 2020)Explanatory Memorandum on the Taxation Laws Amendment Bill, 2020Memorandum…
Reference documents: Press Release - Draft Declaration of Crypto Assets as a Financial Product by the FSCA, dated 20 November 2020Statement in support of the Draft Declaration of Crypto Assets as a Financial Product under the Financial Advisory and Intermediary Services Act dated 20 November 2020Notice of publication - Draft…
Reference Acts and Documents Value-Added Tax ActSARS VAT Tax Form 264SARS Binding General Ruling (VAT)43 (BGR43)SARS Interpretation No. 49 - Notional VAT and second-hand property…
Reference Acts and Websites Compensation for Occupational Injuries and Diseases Act (1993)Compensation for Occupational Injuries and Diseases Amendment Act (1997) The Compensation Funds "e-COID" online…
Reference Acts, documents and websites Patents Act, 1978 (Act 57 of 1978) Register patents, maintain data, publish patent journal, administer Court of Commissioner of PatentsTrade…
Reference documents Basic Conditions of Employment Act, as amendedIncome Tax Act, as amendedNational Budget Speech, February 2021National Minimum Wage Act, as amended This article gives…
In this second NPO-related article, we continue discussing some legal aspects of non-profit organisations and the benefits thereof. Please refer to article 1 of 2…
In this article, we will discuss some legal aspects of non-profit organisations and the benefits thereof. Applicable Laws • Constitution of the Republic of South…
Reference sites, guides and legislation: www.sars.gov.zaGuide on the calculation of the tax payable on lump sum benefitsRates and Monetary Amounts and Amendment of Revenue Laws…
Following on the Financial Sector Regulation Act, 2017 (“FSR Act“), the Conduct of Financial Institutions Bill (“COFI“) was published by the Minister of Finance in…
Reference documents from www.sars.gov.za (latest news sub-section) Rates and Monetary Amounts and Amendment of Revenue Laws Act, 2020, (Act No. 22 of 2020)Taxation Laws Amendment…
Reference documents: Press Release - Draft Declaration of Crypto Assets as a Financial Product by the FSCA, dated 20 November 2020Statement in support of the…