100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
LSB2605 NOVEMBER 2018 MEMO $5.47
Add to cart

Exam (elaborations)

LSB2605 NOVEMBER 2018 MEMO

 46 views  0 purchase
  • Course
  • Institution

Memorandum for November 2018 LSB2605 exam. If you found this document helpful, check my account for more. Good luck with your studies!

Preview 2 out of 9  pages

  • May 25, 2023
  • 9
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
avatar-seller
October/November 2018

Question 1




*any 5 page 20

• The person is subject to control or direction of the other person
• The hours of work are determined and controlled by the other person
• The person forms part of the organization to which he renders a service
• The person has worked for an average of at least 40 hours per month over the immediate
preceding 3 months
• The person is economically dependent on the other person for whom he or she works or
renders a service
• The person is provided with tools of trade or work equipment by the other person
• The person only works for or renders a service to the other person




Page 29: Compliance is enforced by SARS by

• Requiring tax payers to make periodic tax payments, which payments may be made either
monthly (in case of PAYE) or bi-annually (in the case of provisional tax)
• Requiring tax payers to file tax returns
• Imposing penalties for the non-payment of taxes and the failure to file returns



Page 30

Usually companies are taxed at a flat rate of 28%, regardless of how much the company earns.



*any 5 page 10

• development of the skills of the South African workforce

• improvement of the levels of investment in education and training in the labour

market

• improvement of the employment prospects of people previously disadvantaged

by unfair discrimination




Shene memo

, • redressing through training and education the disadvantages suffered by people

through previous discriminatory laws

• assisting the jobless to find employment

• assisting retrenched workers to re-enter the labour market by re-skilling them

• assisting employers to find qualified employees




*page 49

Where the holder fails to remain in compliance with the conditions of the licence, the licensing authority
may withdraw the license and inform the license holder accordingly in writing. Where this happens the
licence holder must be provided with the reason for the withdrawal and informed that he/she has the
right to make representations to the licensing authority for a review or consideration of the decision to
withdraw the licence.

Such representation is usually to be made within a period of 21 days after written notification of
withdrawal of the licence has been received by the licence holder. Where no representation is
forthcoming from the licence holder, the licence may be permanently withdrawn, in which case the
licence holder will have to make an entirely new application if he/she wishes to have the licence
reinstated.




*page 33

Provincial tax payments

• The first payment is made 6 months after the start of the tax year
• The second payment is made at the end of the tax year
• The third final payment is made on assessment of the taxpayer - this payment is only due if the
taxpayers tax liability on assessment is more than the provincial payments made through the
year.




Shene memo

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller UniDocs. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $5.47. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

52355 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$5.47
  • (0)
Add to cart
Added