24 May 2017
Tone at the top Volume 4
Where reputational risk is a strong factor in the managing of a business, a strong culture of ethics and compliance will be the cornerstone of the foundation. What has been proved over the years is that “a feel good” culture should be replaced by an ethical and compliant culture which can be defined, measured and improved.
03 Apr 2017
Having discussed how the Managing Partner can create the right tone from the top we now look at how middle management assist in getting this tone from the top through to the rest of the firm.
07 Mar 2017
The Managing Partner, as well as the Management and Executive committees including all the partners, play a vital role in ensuring that the ‘tone from the top’ is spread throughout the firm.
23 Feb 2017
The PKF Tax Guide is now available. For your free online version please click here.
14 Feb 2017
A provisional taxpayer must, during every period submit an estimate of the total taxable income which will be derived in that year of assessment. Provisional tax payments must be made by natural persons on or before 28 February and 31 August each year. The South African Revenue Service (“SARS”) also allows for a third “voluntary top up” or “additional” provisional payment, which must be paid on or before 29 September each year.
14 Feb 2017
A Special Voluntary Disclosure Programme has been introduced to allow South Africans to regularise any undisclosed foreign assets, the programme will run for a period of 11 months commencing on 1 October 2016 and ending on 31 August 2017. The legislation in this regard had been finalised by parliament on 16 December 2016 and was promulgated on 19 January 2017.
14 Feb 2017
South Africa (“SA”) and the United Arab Emirates (“UAE”) had entered into a Double Taxation Agreement (“DTA”) on 23 November 2016. The provisions of the DTA are applicable from 1 January 2017.
Generally, there are no taxes levied by the federal government in the UAE on the income or wealth of individuals and companies, except for oil and gas exploration companies, production companies and branches of foreign banks. In this regard, the tax rate in respect of oil and gas exploration companies varies between 55% and 85%.
08 Feb 2017
The 2017 Managers Conference was held at Spier Estate in Cape Town from 3 – 5 February.
03 Feb 2017
For our firm to have a good ethics and compliance programme we need to concentrate on the following: