New transfer pricing documentation requirements
The transfer pricing regime in the Income Tax Act, 58 of 1962, is regulated by section 31 of that Act. It in essence requires that cross-border transactions be entered into on an arm’s length basis where connected persons transact with one another. The obvious mischief sought to be countered is for connected persons to charge […]
Requirements to restore a deregistered company
There are various circumstances in which a company (or close corporation) can become deregistered at the CIPC. The company itself can apply for deregistration at the CIPC, for any number of reasons. If a company has not submitted and paid its annual returns for more than two successive years, the CIPC will inform such a […]