B-BBEE Guide.pdf

Practice-Guide-01-of-2017-Modified-Flow-through.pdf
Preview of B-BBEE Guide
🔗 Source: beeverag.co.za
📊 Size: 385 KB
📄 Pages: 4 pages
⬇️ Downloads: 330

Summary

The Broad-Based Black Economic Empowerment Commission issued a practice guide to assist with the interpretation of the Act, specifically regarding the recognition status for exempted micro-enterprises and qualifying small enterprises through the modified-flow through principle. The guide clarifies that the modified-flow through principle cannot be used to benefit from the enhanced recognition status reserved for 51% and 100% black-owned EMEs and QSEs, as this would undermine the objectives of the Act. Verification professionals have a responsibility to provide proper advice and guidance, and failure to report any offences related to B-BBEE can result in penalties, including fines and imprisonment.

Description

The Broad-Based Black Economic Empowerment Commission issued a practice guide to assist with the interpretation of the Act, specifically regarding the...

Technical Information

  • File Format: PDF
  • File Size: 385 KB
  • Pages: 4
  • Language: EN
  • Total Downloads: 330
  • Last Updated: 6 days ago

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