CATEGORIES
- (1) Negotiating Tax Debt and Payment Arrangements with SARS
- (31)Accounting
- (2)Accounting for Income Tax
- (1)Accounting for Income Tax
- (7)Administration of Estates
- (1)Advisory Services
- (1)Application of tax rates, s6(2) rebates
- (1)Assessed losses
- (4)Audit, Reviews & Other Services
- (9)Blogs
- (8)Capital Gains Tax
- (1)Capital Gains Tax - Individuals Tax
- (1)Capital Gains Tax Implications of Trusts
- (2)Case study: Home office expense
- (1)Case study: Travel allowances
- (1)Company Formations
- (1)Compliance
- (123)Corporate Tax
- (9)Customs and Excise
- (2)Deceased Estate
- (1)Deductions Pre-trade and prepaid expenses
- (1)Deregistration
- (2)Employer and Employee (PAYE and UIF Specific)
- (1)Estate Duty
- (1)Events / Webinars
- (9)Faculty News
- (2)Farming
- (152)Individuals Tax
- (1)Input - Customs Duty
- (3)Interest
- (13)International Tax
- (17)Legislation
- (1)Low interest rate loans and loan subsidies
- (1)Nature of the rights of beneficiaries
- (1)Notional input tax
- (9)Payroll
- (2)Practical Payroll
- (2)Provisional tax (Link with other Taxes)
- (2)SARS Dispute Resolution
- (4)SARS Issues
- (1)Salaried Employees
- (134)Tax Administration
- (2)Tax Administration Part 2B: Resolving Problems with SARS using the Tax Ombud
- (1)Tax Administration Part 3B Dispute Resolution - Objection and appeal
- (3)Tax Update
- (1)Tax implications of loans to trusts
- (1)Tax residence
- (1)Tax returns and payments
- (2)Transfer-Pricing
- (1)Trust Income / Gain Allocations
- (1)Trust types and income allocations
- (6)Trusts
- (70)VAT
- (3)VAT periods
- (1)Wear and tear allowances
- (1)Wills, Estates & Trusts
- (1)Zero Rated
- (1)eFiling
- Show All
What is The Tax Faculty's response to Mr. Keith Engel's concern that the board of directors has personally financially benefited from The Tax Faculty?
- 20 March 2024
- Faculty News
- The Tax Faculty
Mr. Engel keeps the accusation vague by design. Aside from failing to provide details or describe the extent to which the Tax Faculty’s board has inappropriately benefited from their positions, Mr. Engel also failed to provide a shred of evidence to support his malicious claims.
Fact: Total Annual Honorarium Paid to Non-Executive Directors:
| 2020 | 2021 | 2022 | 2023 | |
| C D Hirst (Chairperson) | R 59 380 | R 135 500 | R 68 000 | R 98 800 |
| R P Smith | R 39 000 | R 54 425 | R 53 000 | R 69 300 |
| N B Wright | R 40 000 | R 40 000 | R 40 000 | R 42 000 |
| L L Legadima | R 40 247 | R 40 000 | R 40 000 | R 42 000 |
| S Mili | R 40 000 | R - | R - | R - |
| A Oguttu | R 40 000 | R 40 000 | R 40 000 | R 42 000 |
This is another example that exposes the deceptive nature of Mr. Engel.
Note: The Tax Faculty Annual Financial Statements are independently audited. In addition, the SARS Tax Exempt Unit annually reviews the financial statements for compliance with Section 30B of the Income Tax Act. Since incorporation in 2019 as a nonprofit company and subsequent registration as a Public Benefit Organisation in 2020, The Tax Faculty has consistently received unqualified audits. In addition, the CIPC has never issued The Tax Faculty a compliance notice for non-compliance with the Companies Act, 2008 (as amended).