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ABOVE R30 000 to R300 000ADVERTISEMENT DATE:07 May 2024Q NUMBER:Q351/2024DESCRIPTION OF GOODS/SERVICES:SUPPLY AND DELIVER OF OFFICE FURNITURE AND EQUIPMENTCLOSING DATE:17 May 2024TIME:12H00VALIDITY
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What is above r30 000 to?
Above r30 000 refers to transactions or income exceeding 30,000 South African Rand.
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Individuals or entities that have financial transactions or income exceeding r30 000 must file above this threshold.
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To fill out above r30 000, one must accurately report all relevant transaction details, including amounts, dates, and parties involved, following the specified forms and guidelines.
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The purpose of filing above r30 000 is to ensure transparency and compliance with financial regulations, aiding in the prevention of money laundering and tax evasion.
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Information that must be reported includes the nature of the transaction, parties involved, amounts, dates, and any relevant identification numbers.
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