The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
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Tax
SAICA has asked National Treasury to clarify how provisional taxpayer status is determined and to provide relief where obligations only become clear after year-end. The proposal is not law, but it highlights practical cash-flow and compliance risks for businesses with irregular income.
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SAICA has called for clearer tax treatment of obsolete stock. The proposal is not law, but it highlights why businesses should keep strong inventory records and evidence for write-downs.
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A practical accounting insight on aligning company and tax record-retention requirements before old financial documents are deleted.
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