The International Monetary Fund (IMF) has granted a R70 billion (US$4.3 billion) loan for South Africa to help the country manage the immediate consequences of the fallout from COVID-19. “This is the Biggest Virus Loan granted by the IMF after…
It’s Income Tax Season and for most people who are just getting their foot into the door when it comes to dealing with filing for taxes, the Income Tax Season (manual filing) runs from 31st August – 30th November and for eFiling, it runs from 1st July – 31st January. Hence the text messages most tax payers will be receiving during this period.
There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick…
There are two new directives, first for the fast reaction mechanism aimed towards preventing VAT fraud. Second one is for the optional and temporary application of the reverse charge mechanism in relation to supplies of certain goods and services. Quick Reaction…
Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…