New tax proposals have been signed into law by President Cyril Ramaphosa on 15 January 2021. There are a number of key changes taxpayers need to know, the most significant being that it is non-compliance is now a criminal offence. In the past, taxpayers would be guilty of a criminal offence if they “wilfully” failed…

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We have recently come across a number of clients that are unsure of Controlled Foreign Companies (CFS’s) as well as the impact this might have on their tax situation. Perhaps time for a recap: Where companies are incorporated offshore, clients often assume this automatically means that the profits/loss from that company will not be taxed…

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As part of our service offering to clients, Acredo Consulting provides regular educational information based on the most frequently asked questions from our clients. This month we have an in-depth look at Turnover Tax, a system recently implemented by SARS. Turnover Tax What is it? Turnover tax is a simplified system aimed at making it easier…

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A new division of the Acredo Consulting Group comprising of a team of specialists in the area of trust administration. In conjunction with RVN Corporate Services, we specialise in Broad Based Black Economic Empowerment (B-BBEE) Ownership Trusts. Visit our Fiduciary page to learn more. The Acredo Team

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