
CMV group news
Submission Deadline for IT3(t) Data
Trusts that distribute income, capital gains, and capital distributions to beneficiaries are required to submit the IT3(t) form via e-filing by 30
EMP501 Reconciliation
The deadline is approaching for all employers to submit their payroll information to SARS by submitting the annual EMP501 reconciliation. An EMP501
BENEFICIAL OWNERSHIP (BO) REGISTERS TO BE SUBMITTED TO CIPC
New legislation was passed during May 2023 that allows the CIPC to keep a register of beneficial ownership (BO) for companies and
The current laws applicable when a person dies intestate (without a valid will), namely the Intestate Succession Act and Maintenance of Surviving
Reduction in Corporate Income Tax Rate
On 23 February 2022, during the budget speech, the Minister of Finance announced that the corporate income tax rate would be reduced
The changing employment legislative landscape – Increase in the BCEA earnings threshold
As employers know too well, South African employment legislation creates an onerous and bureaucratic set of rules and regulations for employers to
Section 42: Asset-for-share Transactions
Section 42 of the Income Tax Act (58/1962) (the Act) provides for tax roll-over relief in respect of asset-for-share transactions. Such a
National Budget 2023 Summary
THE LACK OF RELIABLE ELECTRICITY SUPPLY IS THE BIGGEST ECONOMIC CONSTRAINT Against the backdrop of rising inflation and rolling blackouts that are
2022: A year of gratitude
Looking back on 2022, it has truly been an exciting year with quite a few milestones. CMV Hermanus is celebrating its fifth
Who is appointed as an Executor of a deceased estate?
The executor is the person who is nominated in the last will and testament and officially appointed by the Master in a
TEAM MEMBER OF THE MONTH – APRIL
TEAM MEMBER OF THE MONTH – APRIL “Today I will do what others won’t, so tomorrow I can do what others can’t.”
Personal Budget Template
PERSONAL BUDGET TEMPLATE A personal budget is a summary of your forecasted versus your actual income and expenses. It allows you to
Pension/Annuity Tax Deductions (PAYE)
SARS recently announced a new service for Tax Deductions (PAYE) for pensioners, which will come into effect on 1 March 2022. In
Economic Synopsis & Outlook – 2nd Quarter 2021
Compiled by: RA Downing, Econdow CC, In association with CMV Group & Perseus
Economic synopsis & outlook – 4th Quarter 2020
Compiled by: RA Downing, Econdow CC, In association with CMV Group &
Offshore structuring
CMV offers a specialised and expert offshore structuring and related tax planning service. The ‘loop structure’ exchange control regulations made offshore structuring
Economic Developments – 3rd Quarter 2020
Compiled by: RA Downing, Econdow CC, In association with CMV Group & Perseus VC1 This synopsis has been compiled for the benefit
TEAM MEMBER OF THE MONTH – NOVEMBER
TEAM MEMBER OF THE MONTH – NOVEMBER “Success comes from curiosity, concentration, perseverance, and self-criticism. Stay humble.” Jonathan Smith Accounting Division Jonathan