The CSOS Practice Directive No 1 of 2018 was issued on the 14th of June 2018 and provides amended and more detailed guidelines in respect of the initial Practice Directive (No 1 of 2017) issued on the Payment of Levies and Fees.
In this Practice Directive, you will find the following:
- The difference between a “CSOS levy” and a “Scheme levy”
- An explanation of a community scheme’s obligation to pay the CSOS levy
- The payment intervals of the CSOS levy
- An explanation of the administrative process to be followed by a community scheme for the payment of their CSOS levy (including the reference numbers and banking details to be used for the payment of the CSOS levy)
- Guidelines on how to deal with CSOS levies if you stay in a “scheme within a scheme”
- Confirmation of what will happen if your community scheme fails to pay their
CSOS Practice Directive No 1 of 2018