by AccountingBees. | Jun 2, 2025 | Uncategorized
All employers in South Africa must be registered with the Compensation Fund. This applies to every employer which has one employee or more. Workers compensation is statutory insurance that benefits both the injured employee and his or her employer. It gives employees...
by AccountingBees. | Jun 2, 2025 | Uncategorized
Who should register for VAT? It is compulsory for a person to register for VAT if the value of taxable supplies made or to be made, is in excess of R1million in any consecutive 12 month period. Voluntary registration is possible under certain circumstances. Compulsory...
by AccountingBees. | Jun 2, 2025 | Uncategorized
CIPC stands for the Companies and Intellectual Property Commission, a South African government agency. It is responsible for registering companies, co-operatives, and intellectual property rights, as well as maintaining and disclosing information on its business...
by AccountingBees. | Jun 2, 2025 | Uncategorized
Registering as an Employer According to law, an employer must register with the South African Revenue Service (SARS) within 21 business days after becoming an employer, unless none of the employees are liable for normal tax. Change of registered details An employer...
by AccountingBees. | Jun 2, 2025 | Uncategorized
In October 2021 CIPC participated in the Financial Task Force (FATF) assessments. Based on the findings contained in the report, it determined that South Africa should improve its mechanisms to ensure accurate and verified beneficial ownership information is available...
