In today’s world, where online gamble sphere is becoming more and more important, it is important to understand that the legality and security of your business directly depend on the license. One of these licenses is the gambling permit issued in Tobique – Malecete First Nation in New Brunswick, Canada. It’s a unique area bordering…
The USA remains in list of largest and most influential fin-centers worldwide. Getting US EMI-accounts gives organizations possibilities with access to the global fin-market and innovative payment mechanisms. With active progress of the fin-industry, the USA became an appealing jurisdiction for organizations seeking to manage their fin-operations more efficiently and securely. Opening a payment system…
Canada is in list of most-developed countries in terms of fin-technologies and innovatory payment mechanisms. With its sustained economic environment and strict regulative basis, Canada attracts organizations wanting to get accounts in payment systems. Canadian authorities are actively supporting the progress and wide involvement of fin-technologies; it creates a benevolent basis for business-activities in niche…
UK stands as a prominent globally-known financial hub, renowned for its exquisite banking-related and financial environments. In recent years, the UK has become a prime destination for firms aiming to set up accounts in payment systems, particularly within EMIs. UK’s regulative climate is extremely supportive of Fin-technologies, pushing it to be an ideal choice for…
Eternity Law International is offering a unique opportunity to acquire a premier Forex and CFD trading business established in 2012. This globally recognized company boasts over 1.7 million registered accounts and operates with physical offices in four strategic locations. The business has established itself as a leader in the FX brokerage industry, known for its…
An exceptional opportunity to acquire an Antigua-based company with a fully licensed MT5 main label. This company, positioned for immediate operation, is perfect for investors looking to enter the Forex and CFD trading industry. Key Features of Company with MT5 Main Label in Antigua 1. MT5 Main Label Capacity: 25,000 accounts, providing a substantial foundation…
This is a new investment opportunity – Fully Licensed Swiss Asset Management for sale. Please check out the main details regarding this proposal below. Fully Licensed Swiss Asset Management: key considerations Active swiss company with offices, personnel and bank accounts; Based in Geneva, registered in 2014, licensed by FINMA; Authorizations (traditional asset & portfolio management,…
This is a new investment opportunity – Swiss Asset Management & Crypto Company for sale. Please check out the main details regarding this proposal below. Swiss Asset Management & Crypto Company for sale: key considerations Clean licensed company ready to start operation; Based in Zug, registered in 2013, authorized by SRO; Bank accounts with Swissquote,…
Zurich
+41 435 50 73 23Kyiv
+38 094 712 03 54London
+44 203 868 34 37Tallinn
+372 880 41 85Vilnius
+370 52 11 14 32New York
+1 (888) 647 05 40What is included:
Cost: on request.
In South Africa, companies are divided by law into commercial and non-profit companies. The company must be registered as an external company. The most common forms of doing business are private companies and branches.
A company is a resident if it is registered in South Africa or effectively operates within the country. Which means that if any company has its current directors and effective management are located within – such company would be considered as a resident.
Residents are taxed on worldwide income; non-residents are taxed on income from South African sources and on capital gains caused by real estate transactions from foreign sources and income from selling the assets of a permanent establishment.
Branches are generally taxed in the same way as permanent establishments.
Income tax is levied on profits, which consist of income from the activities of the company, passive income and capital gains. Expenses incurred whilst generating income can be excluded from taxable income. The rate is usually 28% for companies and affiliates.
Companies must file their tax returns annually during the period determined by the South African Revenue Service (SARS). Preliminary tax payments should be made twice a year based on the assessment of the final tax amount.
The first should be done in the first half of the year and the second one – in the second half of the year. If advance tax payments are less than the final tax liability, additional payment must be made within six months after the end of the tax year.
VAT is levied on the services provided and goods sold. The standard rate is 15%.
VAT registration is obligatory for companies that have a turnover of goods and services with a zero VAT rate of 1 million ZAR per year.
All countries that receive services or sell goods in South Africa register should register their VAT payer status when this threshold is exceeded. In particular, those companies which have activities that meet special regulation in South Africa.
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The international company Eternity Law International provides professional services in the field of international consulting, auditing services, legal and tax services.