Tag: South African Institute of Chartered Accountants (SAICA)
Ntsebeza Inquiry into conduct of SAICA Members employed by KPMG
In November 2017, the South African Institute of Chartered Accountants (SAICA) convened what is now known as the “Ntsebeza Inquiry” [also referred to as the Inquiry]. The aim of the Inquiry is that it should investigate, independently, allegations that some of its members who were/are employed by KPMG, had allegedly engaged in conduct in contravention of the SAICA Code of Professional Conduct.
Dormant company debt a tax headache?
Corporates 'can' acknowledge that winding up a dormant company within their South African group of companies can result in a tax headache.
Appropriate tax mix?
After much speculation over the past few weeks as to how the Minister of Finance would ‘plug the deficit’ in his Budget Speech on 22 February 2017, he has chosen to rely on personal income tax (including trusts) by increasing the top-end rate from 41% to 45%, a dividend withholding tax increase from 15% to 20% (with immediate effect) and increased Fuel and Road Accident Fund levies.
