Maryna holds the BA, LLB, LLM degrees and is a Director at the Cape Town branch of STBB. She is an admitted Attorney, Notary Public, Conveyancer and Insolvency Practitioner with many years of experience in the fields of property law, conveyancing and the laws relating to corporate compliance (especially in respect of the FICA and POPIA laws). Up until 2018 she was also head of the firm’s national marketing portfolio. She is a seasoned public speaker and presenter, both in person and online. She prepares text for the majority of STBB’s internal and external publications and is editor and co-writer for two pivotal publications in the South African real estate industry – the ABC of Conveyancing (JUTA) and Delport’s South African Property Law and Practice (JUTA).

Newsflash | FICA cash threshold reporting changes

In the Government Gazette published on 14 October 2022, the Minister of Finance increased the threshold for cash receipt reporting from R24 999 to R49 999, with effect from 14 November 2022. (Interestingly, in the 2021/2022 financial year, the FIC received more then 4,5 million cash threshold reports.)

In addition:

  1. The period in which such cash receipts must be reported to the FIC, has been extended and the report must reach the FIC within 3 business days (no longer 2).
  2. The aggregation requirement is abolished. In other words, the requirement to report a cash receipt if the threshold represents the sum of separate payments together making up R25000, is no longer required.

If you require assistance with your FICA compliance, please do not hesitate to contact us info@stbb.co.za.

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