Category: Acts
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Private bodies PAIA (Promotion of Access to Information Act) manuals required by 31 December 2015
The Promotion of Access to Information Act, 2000 require all juristic persons and all businesses, small to large as well as individuals and partnerships carrying on business to compile manuals on how to access their records. These manuals must be submitted to the South African Human Rights Commission (SAHRC) and must be available at the…
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Director’s personal financial interests
If in terms of section 75(5) of the Companies Act a director of a company who has a personal financial interest in respect of a matter to be considered at a meeting of the board, or knows that a related person has a personal financial interest in the matter, the director: Must disclose the interest…
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Tax Administration Act 2011
The following are extracts from the SHORT GUIDE TO THE TAX ADMINISTRATION ACT, 2011 regarding records that are to be kept in terms of the Act. Record retention: The duty to keep records This Act imposes a duty on a person to retain the records, books of account or documents needed to comply with…
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Donations
Whether you are thinking of helping your son financially to enable him to purchase his first property or donating money towards a worthy cause, there are some things to keep in mind. A donation is defined in the Income Tax Act No. 58 of 1962 as “any gratuitous disposal of property including any gratuitous waiver…
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The obligation to provide access to certain information about your business
The Promotion of Access to Information Act (PAIA), No 2 of 2000, was enacted in an effort to foster a culture of transparency and accountability in the public and private sector. It gives effect to the constitutional right of access to any information held by the State or any other person and that is required…