Legal precedent set as Odendaal’s assets forfeited in Steinhoff fraud battle

The SARB has forfeited to the state cash totalling R42m from Berdine Odendaal’s bank accounts, as well as her R18m property in Paarl’s Val de Vie estate.

Time’s ticking for provisional taxpayers to submit Income Tax Returns

With just days left for provisional taxpayers to submit their returns, here is what they need to know to navigate the essentials and avoid penalties.

What you should know about objecting to VAT penalties

Meanwhile, a change in the VAT registration process may inconvenience taxpayers.

What are the statutory obligations of dormant companies?

A failure to file tax returns may result in penalties, for which the directors may be held personally liable.

Objecting to an auto-assessment can result in ‘unexpected’ penalties

Taxpayers should take note of the period within which they must submit a full and true return or relevant material.

Behind the scenes of an FSCA investigation

Moonstone recently reported on the regulatory action the FSCA has taken against past and present trustees of the Private Security Sector Provident Fund (PSSPF) after concluding its three-year investigation into the board. For […]

Now Sars can penalise you if you have only one outstanding tax return

As the 23 November deadline looms for non-provisional taxpayers, the South African Revenue Service (Sars) warns it has more scope to impose penalties on taxpayers who do not submit their returns on time. […]

Factors impacting on Administrative Penalties imposed by FSCA

We have in the past raised concerns about how the quantum of such fines were determined. A recent ruling by the Financial Services Tribunal provides legal clarity on the matter. Section 167(1) of […]