Sectional Title Schemes

Note:  What follows is of necessity only a brief overview of some very complex new provisions and, particularly if you are a trustee or administrator, it is essential that you familiarise yourself with all the changes.  Contact us if you need any help. The Sectional Titles Schemes Management Act (“STSM”) applies only to sectional title …

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Tax Clearance – Now Available Online

SARS has launched a new TCS (Tax Compliance Status) system.  See “How to Access Your ‘My Compliance Profile’ (MCP) via SARS eFiling” on the SARS website http://www.sars.gov.za/ClientSegments/Individuals/TCS/Pages/How-to-Access-MCP.aspx for a comprehensive guide on how to use it – To view your current tax compliance status (colour coded red for non-compliant, green for compliant), To remedy any …

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The Updated Credit Provider Registration Threshold – Are You Still Exempt?

“Aye, there’s the rub” (Hamlet) If you are a credit provider and required to register as such in terms of the NCA (National Credit Act), not doing so can have drastic consequences for you.  For a start, a court can make any “just and equitable order” in relation to your credit/loan agreements, including an order …

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Staff Dismissals: Beware, There’s No Honour Amongst Thieves and No Short Cuts

“A plague upon it when thieves cannot be true one to another!” (Falstaff, in Henry IV Part I)  We know how time consuming dismissing staff can be. It leads to loss of productivity and extra legal costs can be incurred. But be careful if you are considering taking short cuts to get the matter out …

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A nightmare on SARS street: They’re using debt collectors to recover tax

Our two worst nightmares are owing SARS money and being pursued by debt collectors. These nightmares are fusing into one as SARS have contracted debt collectors to recover amounts due to SARS that are older than four years. Why would SARS use debt collectors?  Some commentators have expressed surprise that SARS would take such a …

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