FATCA – Foreign Account Tax Compliance Act
OECD – Organisation for Economic Cooperation and Development
AEOI Administrative penalties – Automated Exchange Of Information – If you are a Reporting Financial Institution (RFI) and you have missed the deadline of 31 May 2017 to report to SARS the financial information with respect to reportable accounts and declaration under the US Foreign Account Tax Compliance Act (FATCA) and the OECD Common Reporting Standard (CRS), you may be liable for penalties.
PAYE – Pay As You Earn
Is it legal for SARS to raise queries/document demands for returns older than 5 years? Yes, and they do
1) Private Company
1.2 How long does it take to register a Private Company?
2) Personal Liability Company
2.2) How long does it take to register a Personal Liability Company?
3) Non-Profitable Company
4) Company amendment
4.2) How long does it take to do a Company amendment?
5) Close Corporation amendment
5.2) How long does it take to do a Close Corporation amendment?
a) Name Change: 35 working days (5 working days for the name reservation and 30 working days from the date of submission to finalize the application).
6) Re-instatement of Companies and Close Corporations
6.1) What is a re-instatement?
6.2) How long does it take to do a re-instatement?
7) De-registration of Companies and Close Corporations
7.2) How long does it take to do a de-registration?
8) Annual Return for Companies and Close Corporations
8.2) What documentation do you require to submit an annual return?
8.3) How long does it take to submit an annual return?
9) Value-Added Tax
9.2) How long does it take to register for value-added tax?
10) Employee Tax
10.2) How long does it take to register for employee tax?
11) Tax Clearance Certificate
11.2) How long does it take to apply for a tax clearance certificate?
12) Workmen’s Compensation Fund
12.2) How long does it take to register at the workmen’s compensation fund?
13) Letter of Goodstanding
13.2) How long does it take to apply for a letter of goodstanding?
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