A company lending money to its directors may not be as simple a process as it may initially appear to be – not even in the case of so-called “one-man” companies. There is various requirements in the Companies Act, 71 of 2008, to be adhered to, as well as certain potential pitfalls in the IncomeRead more about FINANCIAL ASSISTANCE TO DIRECTORS[…]
Dread disease or critical illness cover can possibly be the most misunderstood of all insurance products. This is partly because people believe their medical aid and temporary or permanent income disability cover will adequately cover them in the event of a dread disease. Firstly, medical aids generally don’t fully cover the financial implications associated withRead more about GETTING STRAIGHT TO THE DISEASE POINT[…]
In terms of the stipulations of section 4 of the Estate Duty Act No 45 of 1955 certain deductions from the value of an estate are allowed in order to determine the final value of the estate which will be subject to estate duty. The following two rebates are the most well-known: Section 4(q) –Read more about WHAT IS THE COST OF MY ESTATE DUTY?[…]
Irrespective of whether a South African company is expanding its business offshore, or whether international businesses set up shop in South Africa, companies trading internationally are often confronted with the complex tax implications for doing so. This article explores the tax implications linked to international branches of a company specifically; it does not consider theRead more about TAX IMPLICATIONS OF INTERNATIONAL BRANCHES[…]