Your Tax Deadlines for September 2021

07 September – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 September – Value-Added Tax (VAT) manual submissions and payments 29 September – Excise Duty payments 30 September – Corporate Income Tax (CIT) Provisional Tax payments where applicable 30 September – End of the 2nd Financial Quarter 30 September – Personal Income Tax (PIT) top-up Provisional…

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Your Tax Deadlines for August 2021

7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) manual submissions and payments 30 August – Corporate Income Tax (CIT) Provisional Tax Payments, where applicable 30 August – Excise Duty Payments 30 August – Personal Income Tax (PIT) Provisional Tax Payments Disclaimer: The information provided herein should not be used…

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Your Tax Deadlines for June 2021

7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 June – Value-Added Tax (VAT) manual submissions and payments 29 June – Excise Duty payments 30 June – Value-Added Tax (VAT) electronic submissions and payments 30 June – Corporate Income Tax (CIT) Provisional Tax Payments where applicable 30 June – End of the 1st Financial…

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Your Tax Deadlines for May 2021

7 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May – Value-Added Tax (VAT) manual submissions and payments 28 May – Excise Duty payments 31 May – Value-Added Tax (VAT) electronic submissions and payments 31 May – Corporate Income Tax (CIT) Provisional Tax Payments where applicable Disclaimer: The information provided herein should not be…

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Leadership, Ethics and Governance: The Benefits for Your Business

The European (and South African) authorities (refer to governance codes below) opted for a principles-based approach. However, governance cannot be truly effective without the integrity of purpose and actions which drive the ‘tone from the top’ leading to a strong moral compass founded on ethically-based values. The governance imperative Corporate Governance has been a topic of ongoing…

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Your Tax Deadlines for April 2021

7 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 April – Value-Added Tax (VAT) manual submissions and payments 29 April – Excise Duty payments 30 April – Value-Added Tax (VAT) electronic submissions and payments 30 April – Corporate Income Tax (CIT) Provisional payments where applicable. Disclaimer: The information provided herein should not be used or…

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Budget 2021: What It Means to You

“Hope is being able to see that there is light despite all of the darkness.” (Archbishop Emeritus Desmond Tutu) It was with a sense of trepidation that South Africans awaited the 2021 Budget Speech by Finance Minister Tito Mboweni.  Still confronted with all the challenges that existed before COVID-19 – massive debt, lacklustre growth, unemployment,…

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The Department of Small Business Development’s Lifelines to Suffocating SMMEs

“It’s been said that government doesn’t create jobs, business does. For the most part, this is true. But government creates the environment in which businesses can excel and expand” (American politician and lawyer, Christine Gregoire) There are several resources that the government, under the guidance of the Department of Small Business Development (DSBD), has made…

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New National Minimum Wage and Earnings Thresholds From 1 March 2021

(N.B. The increases highlighted below are extracted from the Employment and Labour Minister’s announcement of 9 February 2021, and emphasis has been supplied where helpful in enabling quick identification of your employment sector. Comment is in square brackets) “The National Minimum Wage (NMW) for each ordinary hour worked has been increased from R20,76 to R21,69 per hour [a 4.5%…

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Your Tax Deadlines for March 2021

5 March – Monthly PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise Duty payments 31 March – VAT electronic submissions and payments 31 March – Corporate Income Tax Provisional Tax payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional…

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Your Tax Deadlines for February 2021

5 February – Monthly PAYE submissions and payments 25 February – VAT manual submissions and payments 25 February – Excise Duty payments 26 February- Personal Income Tax Provisional Tax payments 26 February – VAT electronic submissions and payments 26 February – Corporate Income Tax Provisional Tax payments   Disclaimer: The information provided herein should not…

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What Should You Do If a Creditor Tries to Liquidate Your Business?

Due to the recession, there are a rising number of local companies in financial distress and facing threats or applications from creditors to liquidate their businesses. The latest Statistics South Africa (StatsSA) figures released in November show that the total number of liquidations increased by 33.2% in the three months ended October 2020 compared with…

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The Way Forward: More Virtual Meetings?

“Any sufficiently advanced technology is indistinguishable from magic” (Arthur C. Clarke, English science writer and inventor) Virtual meeting platforms have their pros and cons, but the standout advantages seem to be their cost effectiveness, time saving capabilities and their ability to host large numbers of attendees at very small cost.  The options available to companies…

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Your Tax Deadlines for January 2021

7 January – PAYE submissions and payments 25 January – VAT manual submissions and payments 28 January – Excise Duty payments 29 January – VAT electronic submissions and payments 29 January – CIT provisional payments Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be accepted…

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Your Tax Deadlines for December 2020

  7 December – Monthly PAYE submissions and payments 24 December – VAT manual submissions and payments 30 December – Excise Duty payments 31 December – VAT electronic submissions and payments 31 December – CIT Provisional Tax Payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional advice.…

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Your Tax Deadlines for November 2020

6 November – Monthly PAYE submissions and payments 16 November – D-date for taxpayers filing online 25 November – VAT manual submissions and payments 27 November – Excise Duty payments 30 November – VAT electronic submissions and payments 30 November – Company Provisional Tax Payments where applicable. Disclaimer: The information provided herein should not be…

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How to Protect Yourself and Your Company after the Experian Data Leak

“Cyber-Security is much more than a matter of IT.” (Stéphane Nappo, 2018 Global Chief Information Security Officer of the year)  According to official communications from Experian, a consumer, business and credit information services agency, an individual in South Africa claiming to represent a legitimate client fraudulently requested services from it and was simply given the …

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The Feasibility of a Freelancing Business in Uncertain Times

Business start-up planning has been extensively covered over the past twenty years and longer, and without understating its importance or re-inventing the wheel, perhaps it has been overplayed. Much training is available on the Internet, including templates and guidelines provided by banks and the SA Department of Trade and Industry. To start a freelancing business…

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Your Tax Deadlines for October 2020

7 October – Monthly PAYE submissions and payments  22 October – D-day for Branch filing – Taxpayers who cannot file electronically  23 October – VAT manual submissions and payments  29 October – Excise Duty payments  30 October – VAT electronic submissions and payments  30 October – Company Provisional Tax Payments where applicable Disclaimer: The information…

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