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Tackling trusts: Navigating a complex area of financial planning

A look at the terminology you need to familiarise yourself with.

South africaSouth africanSouth africansMortis causaProperty controlLetters of authorityMaster of the high courtInstitute of southern africaTrust property control actHigh courtFiduciary instituteSouthern africaAdvanced diploma

Zonkizizwe trustees in vicious fight over R64m payout

Deputy Minister of Co-operative Governance and Traditional Affairs Obed Bapela is embroiled in a dispute with fellow trustees of a trust set up to benefit struggle veterans with a multimillion-rand dividend payment looming.

South africaObed bapelaMahlangu seniorSunday timesComment policyGladstone ruebenArvind maganZonkizizwe investment trustHenry makgothiZonkizizwe investments pty ltdFiona dippenaarLetters of authorityPaul langaLloyd ramovhaCo operative governance and traditional affairsHermanus loots

Appealing a decision: Remedies for taxpayers at the FDDA stage

Appealing a decision: Remedies for taxpayers at the FDDA stage
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Supreme courtLetters of authorityBureau of internal revenueInternal revenueMemorandum circularFinal decisionDisputed assessmentFinal assessment noticeRegional directorTax appeals

BIR to reopen probe vs tax cheats

The Bureau of Internal Revenue (BIR) will reopen its investigation on suspected tax cheats in order to compel taxpayers to be more aware on their financial obligations to the government. In a memorandum, BIR Commissioner Lilia Catris Guillermo said the audit will resume after all pending and presc

Taguig cityCity of taguigLilia catris guillermoLetters of authorityBureau of internal revenueInternal revenue

BOC seizes P8 3-B smuggled goods in H1 2022

(File photo) MANILA - The Bureau of Customs (BOC) on Monday reported the seizure of PHP8.37 billion worth of smuggled goods for the first half of 2022. In a statement, the BOC said the goods were confiscated in 293 operations, with counterfeit items topping the list with a total value of PHP5.23 billion. This is followed by illegal drugs at PHP1.67 billion and general merchandise at PHP388.80 million. Around 58 Letters of Authority (LOA) were implemented in the same period, 44 of which yielded positive results. A total of 78 alert orders were issued, 57 of which were positive for violation of pertinent customs laws, rules, and regulations. Meanwhile, as part of its anti-corruption and integrity campaign under the leadership of Commissioner Rey Leonardo Guerrero, the BOC has issued 67 additional show cause orders from January to June 2022. This has led to the dismissal, suspension, relief, and reshuffling of errant Customs employees. During the first six months of the year, the Customs

Batangas cityDavao cityRey leonardo guerreroCustomer care centersCustoms servicesPoint priority programNational bureau of investigationIntegrity developmentLetters of authorityBureau of customsInvestigation serviceCommissioner rey leonardo guerreroCustoms intelligenceLegal serviceNational bureauQuality management

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