Prescription: Where the creditor did not know the identity of the debtor and facts giving rise to the debt – A close look at Section 12(3) of the Prescription Act – Polity

Prescription: Where the creditor did not know the identity of the debtor and facts giving rise to the debt – A close look at Section 12(3) of the Prescription Act

It is common knowledge that any other debts taking exception to Section 11(a) to (c) of the Prescription Act of 68 of 1969 (Prescription Act) extinguished when the action was not instituted within three years from the date of the incident. In Zamani v Minister of Police (12/2019) [2020] ZAECBHC 23 (…

https://www.polity.org.za/article/prescription-where-the-creditor-did-not-know-the-identity-of-the-debtor-and-facts-giving-rise-to-the-debt-a-close-look-at-section-123-of-the-prescription-act-2020-12-08

SARS is aware of your offshore assets – Polity

SARS is aware of your offshore assets

The days where SARS shuts its eyes to taxpayers’ offshore holdings are thing of the past. SARS is finally utilising the Automatic Exchange of Information regime to pin down taxpayers who have not disclosed their offshore interests and numerous taxpayers have already received some alarming notices to…

https://www.polity.org.za/article/sars-is-aware-of-your-offshore-assets-2021-01-06