Municipalities are required to issue rates clearance certificates without which a property cannot be transferred from a seller to a buyer. The rates clearance certificate certifies that outstanding debts owing to a municipality up to the date of transfer have been settled. Property buyers relied on these certificates as proof that all previous debt on […]
A new twist in the question: Is the buyer of an immovable property responsible for paying the seller’s outstanding municipal account?
On 15 April 2016 the Commissioner for the South African Revenue Service (SARS) announced the due dates whereby employers are required to finalise and submit their annual and interim Employer Reconciliation declarations to SARS. The notice, published on 15 April 2016 in Government Gazette No. 39922, determines that: the annual declarations for the period 1 […]
The solvency and liquidity test in section 4 of the Companies Act, 71 of 2008, presents arguably one of the most important requirements of that Act. Without a company satisfying this test, it company cannot declare dividends, cannot provide loans and other forms of financial assistance to directors or to prospective shareholders to enable the […]
Soos elke jaar die geval is het die Kommissaris van die SAID onlangs ‘n kennisgewing uitgereik ingevolge waarvan die 2016-belastingseisoen ‘n aanvang neem. Individue kan nou vanaf 1 Julie hul jaarlikse belastingopgawes vir die 2016 jaar van aanslag, wat op 29 Februarie2016 ten einde geloop het, indien. In Staatskoerant no. 40041 (gedateer 3 Junie 2016) […]