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Is it possible to backdate an agreement?

  |   Contracts

A popular question which comes up during a consultation with a client when the drafting of commercial documents is discussed is, “what is the effective date of the transaction?” It is common practice that the effective date be expressly defined in the agreement, this is...

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When to make use of the small claims court

  |   Litigation

This article discusses claims making use of the Small Claims Court. It specifies what the benefits are of approaching the Small Claims Court and who would have locus standi to do so. The article then establishes what Small Claims Court proceedings entail and briefly provides...

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Admin penalties for outstanding corporate income tax returns

  |   Tax

In general, all registered companies must submit corporate income tax (“CIT”) returns within 12 months of the end of the company’s financial year-end. This is applicable to all companies that are resident in South Africa, that receive source income in South Africa, or that maintain...

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Simulation

  |   Tax

In addition to specific anti-avoidance provisions and the general anti-avoidance provisions (GAAR) in the Income Tax Act,[1] the South African Revenue Service can apply another established principle to attack the validity of transactions and arrangements, namely the common law doctrine of simulation, or the plus...

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Ring-fencing of assessed losses of certain trades – part 1

  |   Tax

Persons are generally allowed to set off any losses incurred in respect of one trade against the income derived from another trade, thereby reducing their overall tax liability.   However, section 20A of the Income Tax Act[1]ring-fences losses incurred by natural persons from certain trades under specific...

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#ZuydamZest Episode 1

  |   Cooking

Zuydam Konsult kook met voedselkonsultant, Heleen Meyer, in ’n reeks kort kook-episodes. In die eerste episode berei Henk van Zuydam, eienaar van Zuydam Konsult, en Heleen ’n lekker pesto voor terwyl hulle gesels oor doeltreffende kombuisgereedskap, besigheidsfinansiering en passie! Net so belangrik soos die regte...

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Korporatiewe beheer – Finansiële jaareinde

  |   Business

Die finansiële jaar van ’n maatskappy staan bekend as die rekenkundige periode. Ingevolge artikel 27 van die Maatskappywet No. 71 van 2008 (“die Wet”), het elke maatskappy wat geregistreer is ingevolge die Wet ’n finansiële jaareinde. Hierdie datum word vervat op die Kennisgewing van Inkorporasie-dokument...

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