The Tax Procedures Code (Amendment) Bill, 2023 has introduced a tax incentive for taxpayers who can have their interest and penalties waived as at June 2023, under section 40 D. However, this is premised on the condition that the taxpayer pays up all or part of their Principle Tax, in the scenario where part of […]
Lean or Lean management is a business approach for maximizing customer value while minimizing waste. It is based on the principles of the Toyota Production System (TPS) and aims to create a culture of continuous improvement in an organization. The main goal of Lean management is to improve efficiency and effectiveness by reducing the time spent […]
Transfer pricing is the general term for the pricing of cross‐border, intra‐firm transactions between related parties. “Transfer pricing” therefore refers to the setting of prices at which transactions occur involving the transfer of property or services between associated enterprises, forming part of an MNE group. These transactions are also referred to as “controlled” transactions, as distinct […]
As a self-taught process engineer, I have come to appreciate the role of processes in improving any organization, one way of ensuring quality in organizations is through continuous process improvement and process re-engineering. Am also very passionate about space travel and space engineering, I have on many occasions watched the precision and due diligence taken […]