Important Notice VAGST
VAGST THRESHOLD IN SAMOA
All business with sales over $130,000.00 per annum requires registration for VAGST at Ministry for Revenue.
SAMOA TAX REFORMS – EFFECTIVE JANUARY 2018!
IMPORTANT NOTICE TO ALL OUR CLIENTS AND STAKEHOLDERS.
SAMOA TAX REFORMS – EFFECTIVE JANUARY 2018!
Matters of Priorities
- Massive increase by 60% on annual business license per annum
- Apart from the increase in Business licenses, Sole traders will entertain the newly effective tax rates which saw the threshold increase from $12,000 to $15,000 per annum. Below example illustrates tax savings with new rates compared to prior years.
Trip to the HOLY LAND – A LIFE TIME EXPERIENCE
Being a lay preacher in my Methodist church and a Christian makes me always want to visit Holy Land. And with future plans..it is a good fit to start from the Root of Everything.
Places covered:
Mt of Olive - Gethsemane, The Rock
Dead Sea, The Temptation Mountain at Jericho, Masada
Bethlehem – Birthplace of Jesus Christ, The Manger, The Milk Grotto, Sherperds Field
The Old City – David’s Tomb and Tower, The Last Supper, Garden Tomb, the Holy Church of Sepulcher (Jesus Tomb), Dolorosa, The Western Wall, Dome of the Rock and many more.
Thanks to Vincent Schmidt and family (Lydia) for hosting us!
http://accountant.sua-pauga.com/?start=10#sigFreeId0699f91db3
Anti Money Laundering
Anti-Money Laundering and Countering Financing of Terrorism Audits
Clive McKegg
August 28, 2018 15:49
History:
- AML/CFT Audit (Beta Released 30 May 2018) - For use in the audit of compliance with requirements of Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Based on SAE 3100 (Revised), ISAE (NZ) 3000 (Revised) and SAE 3150.
Updated to:
- AML/CFT Limited Assurance Compliance Engagement (Full release 10 July 2018) - For use in carrying out limited assurance compliance engagement in accordance with requirements of Anti-Money Laundering and Countering Financing of Terrorism Act 2009. Based on SAE 3100 (Revised), ISAE (NZ) 3000 (Revised) and SAE 3150. Includes assurance reports as recommended by CAANZ.
SNAPSHOT OF IFRS 15 – REVENUE FROM CONTRACTS
Effective from 1 January 2018 so…In use 30 June 2018 & 31 December 2018
BUT REMEMBER…..Comparatives will include 2017.
IFRS 15 replaces;IT
- IAS 18 Revenue,
- IAS 11 Construction Contracts
- SIC 31 Revenue – Barter Transaction Involving Advertising Services
- IFRIC 13 Customer Loyalty Programs
- IFRIC 15 Agreements for the Construction of Real Estate and
- IFRIC 18 Transfer of Assets from Custome
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