Tax and Motor Vehicles

In either August or September 490 B.C., the Greeks had a difference of opinion with the Persians at a place called Marathon. Said difference of opinion led to an exchange of blows which eventually led to the defeat of the Persian army. A soldier by the name of...

New format for financial statements: XBRL

Extensive Business Reporting Language (XBRL) Article by Elzanne de Bruin AGA (SA) There are new requirements in terms of the format of financial statements namely XBRL (Extensible Business Reporting Language).  As of 1 July 2018, certain Companies and Close...

Employer-Owned and other Life Policies

The first life table was written by Edmund Halley in 1693. This was pivotal for the development of modern life insurance. Interestingly enough the whole process was started by religion and gambling. In 1654 a French nobleman and amateur mathematician by the name of...

VAT Increase and Residential Property Transactions

Many property developers and purchasers are unsure how the increase in the VAT rate to 15% will affect their property deals signed before 1 April 2018. What does the VAT Act say? Section 9(3)(d)(ii) and (iii) state that “where goods consisting of fixed property or any...

Value Added Tax (VAT) Increase

  Click here to download a copy of the 20018/2019 C2M In Your Interest Budget Summary         The value-added tax (VAT) increase from 14% to 15 % effective 1 April 2018 affects just about everything  and everyone. Except for 19 zero-rated food...