Newsflash Archives - Page 18 of 19

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Newflash | Penalties On Outstanding Corporate Income Tax Returns

As of 7 December 2018, SARS will start imposing administrative penalties in respect of outstanding Corporate Income Tax Returns going as far back as the 2009 year of assessment. These penalties range from R250 to R16 000 per month, or

Newsflash | Parliament Review Committee on Section 25 Amendment

Parliament’s joint constitutional review committee formally resolved today to recommend an amendment of section 25 of the Constitution to make it clear that expropriation of land without compensation, is possible. President Ramaphosa has given assurances that this is but one

Newsflash | Department of Home Affairs Announces Visa Regulation Amendments

On Tuesday 25 September 2018, following concerns raised by the tourism sector, Home Affairs Minister, Malusi Gigaba, announced amendments to visa regulations. Changes announced include the following: Travelling with minors Documentation proving parental consent for a minor to travel is

Newsflash | Fraudulent Emails

Dear clients, It has been brought to our attention that many of you are receiving emails from petera@stbblaw.co.za. This is NOT an STBB email address and these are fraudulent emails, most likely containing a virus or ransomware. Please do not

Newsflash | Deadline for Written Submissions on Land Expropriation Without Compensation Extended to 15 June

The Joint Constitutional Review Committee has extended the deadline for written submissions on land expropriation without compensation to 15 June 2018. Written submissions will be processed between 9 and 13 July 2018 and public hearings will be held in all

Newsflash | Delays on rates figures and clearance certificates

The City of Cape Town has upgraded their software system and this is causing significant delays in the issuing of rates figures as well as clearance certificates. Upgrades of this nature usually require a settling in period during which teething

Newsflash | Important Fraud Alert

Dear Clients Internet fraud is an ongoing threat. Please remember that STBB will never in an email advise you of a change of our banking details. Should you receive such an email, it is likely to be an attempt to

Newsflash | VAT Rate increased to 15%. Which rate applies to your transaction?

On 21 February 2018 the Minister of Finance, during the 2018 annual budget, announced that the VAT rate will increase by 1 percentage point to 15% effective from 1 April 2018. General VAT is essentially an inclusive tax, meaning that

Newsflash | 2018 Budget News

Minister of Finance, Mr Gigaba, delivered the National Treasury’s budget for 2018/2019 this afternoon. The following amendments stand out: VAT increases from 14% to 15% on 1 April 2018. Estate duty increases from 20% to 25% on dutiable portion of

Newsflash | Homeloans and Foreign Marriages: ABSA and FNB Specific Requirements

We have received indication from both ABSA and FNB that where a client’s marriage is governed by the laws of a foreign country, these banks require that the bond must be registered in the name of both spouses and that