Uncloaking the mysteries of financial sector penalties
The huge penalties imposed by the FSCA and the Prudential Authority raise questions about the clarity and consistency of the factors influencing these fines.
The huge penalties imposed by the FSCA and the Prudential Authority raise questions about the clarity and consistency of the factors influencing these fines.
The Authority suspended 1 061 FSP licences in 2023/24, primarily for non-compliance with statutory returns.
The government takes banks to task over what it sees as unfair lending practices, proposing mandatory disclosures of declined home loans.
With just days left for provisional taxpayers to submit their returns, here is what they need to know to navigate the essentials and avoid penalties.
Meanwhile, a change in the VAT registration process may inconvenience taxpayers.
A failure to file tax returns may result in penalties, for which the directors may be held personally liable.
Taxpayers should take note of the period within which they must submit a full and true return or relevant material.
Moonstone recently reported on the regulatory action the FSCA has taken against past and present trustees of the Private Security Sector Provident Fund (PSSPF) after concluding its three-year investigation into the board. For […]
As the 23 November deadline looms for non-provisional taxpayers, the South African Revenue Service (Sars) warns it has more scope to impose penalties on taxpayers who do not submit their returns on time. […]
We have in the past raised concerns about how the quantum of such fines were determined. A recent ruling by the Financial Services Tribunal provides legal clarity on the matter. Section 167(1) of […]