The latest South African accounting, tax, payroll and business finance news, with practical insights for your business.
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Tax & SARS
SARS has published requirements for companies seeking to qualify as a REIT, including asset, rental income, leverage, distribution and governance tests. Property groups should assess their financial reporting and tax controls before the rules apply to a new year of assessment.
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The CIPC’s upgraded Beneficial Ownership Disclosure Module gives law-enforcement agencies faster access to company ownership information. South African businesses should use the development as a prompt to review the accuracy of their beneficial ownership records, securities registers and supporting documents.
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CIPC has introduced geolocation functionality for company and close corporation address changes. SMEs should review their registered physical address now to avoid inaccurate records, rejected amendments and unnecessary administrative costs.
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CIPC has introduced geolocation functionality for company and close corporation address changes, requiring businesses to confirm physical locations more accurately when updating their registered information.
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