Updated carbon tax policy paper The National Treasury published the Carbon Tax Policy Paper, reducing greenhouse gas emissions and facilitating the transition to a green economy for public comment. This is the second and final round of comments requested on carbon tax policy, before government proceeds with the publication of draft legislation to give effect…
CPD platform changes SAICA is excited to announce that the Continuous Professional Development (CPD) system will be migrating from the current CPD website to be hosted by on Click2Start on the SAICA website. This change means that, with effect from 1 June 2013, you will no longer answer the CPD questions on the current CPD…
Purchasing power parity: An overview Purchasing Power Parity (PPP) is a technique used to determine the relative value of currencies, estimating the amount of adjustment needed on the exchange rate between countries for the exchange to be equivalent to (or on par with) each currency’s purchasing power. An example of this measure for making prices…
Inflation rates of the G20 countries These figures show the inflation rates of the BRICS countries (Brazil, Russia, India, China and South Africa) to generally be higher than most. India’s inflation rate is the highest, while Russia’s inflation stood at 7.26% in March 2013 and Brazil’s was 6.31%. China’s rate at 3.13% is at a…
Accounting for withholding tax on dividends I was on the SAICA committee that decided that Secondary Tax on Companies (STC) was an expense. There was a furious debate at the time as to whether the tax was, in substance, merely part of the normal tax payable by a company, or whether it was a tax…
Roadmap IFRS changes for 2013 The International Accounting Standards Board (IASB) has completed a range of significant projects resulting in new accounting and disclosure requirements for entities preparing financial statements under International Financial Reporting Standards (IFRS). The effective date for these requirements is for financial years beginning on or after 1 January 2013 and now…
The Tax Suite offering is available to SAICA members and non-members on an annual subscription basis. Designed to be the digital channel of choice on tax information in South Africa, Tax Suite is primarily – but not solely – aimed at tax practitioners. Just about anyone that has anything to do with tax will benefit…
Global leadership survey: A stark warning for SA A Global Leadership study, providing a worldwide view of leadership potential has recently been released by SHL. The study identifies the top 25 countries based on the analysis of over a million people from SHL’s global Talent Analytics™ database. Effective leaders are those individuals with many of…
The Budget and new tax law The budget speech introduced several changes that will have a direct impact on payrolls and Human Resources (HR). Administrators will have to ensure that their payroll systems are updated as from 1 March 2013 to reflect the stipulated changes. “Not implementing these changes, in the first period of the…
Simple Common Sense: Simple strategies for a well-run life When I failed the QE in 1962, I desperately needed motivation to re-write. I found two others in my position: we worked out a strategy and focused for four months on executing it. The rest is history (Motivate, strategise, execute). I played professional soccer for Boksburg.…