23.5 C
Johannesburg
Mon, Sep 20, 2021
Advertisement

SARS attacks low no-interest loans!

0
Low-interest or no-interest loans to trusts are again in the sights of SARS and the Treasury. The 2017 Draft Taxation Laws Amendment Bill (Draft TLAB)...

‘Surprise – you have to pay my tax!’

0
In certain circumstances, SARS may hold a person personally liable for the tax debt of another taxpayer. Broadly, the at-risk third parties fall into...

FPI receives ‘Recognised Controlling Body’ status by SARS

0
The Financial Planning Institute of Southern Africa (FPI); a South African Qualifications Authority (SAQA) recognised professional body; has recently been approved by the South...

Tax avoidance could be a tax trap

0
In 2016, the Income Tax Act (“the Act”) was amended to provide for a further tax burden where (by and large) individuals had advanced...

TAX INCENTIVE APP!

0
KPMG in South Africa has launched a Learnership Incentive Tax Tool (LITT), an app that provides an additional tax deduction for registered learnerships. The objectives of this tax incentive are to encourage the creation of jobs by reducing the cost of hiring new employees, offering learnerships and to encourage skills development in the workplace.

Appropriate tax mix?

0
After much speculation over the past few weeks as to how the Minister of Finance would ‘plug the deficit’ in his Budget Speech on 22 February 2017, he has chosen to rely on personal income tax (including trusts) by increasing the top-end rate from 41% to 45%, a dividend withholding tax increase from 15% to 20% (with immediate effect) and increased Fuel and Road Accident Fund levies.

SOUTH AFRICA’S 2017 BUDGET

0
Minister Pravin Gordhan and his team at National Treasury should be praised for striking the correct fiscal balance in this year’s budget. Gordhan understands...

2017 BUDGET REVIEW

0
Personal Income Tax As many pundits predicted, the Minister of Finance today announced a new 45% tax bracket for individuals which will apply to taxable...

BUDGET 2017: GREATER THAN THE SUM OF ITS PARTS

0
Finance Minister, Pravin Gordhan and the National Treasury, have their work cut out for them in the 2017/18 financial year. The economic stewards of...

NEDS MUST REGISTER FOR VAT!

0
SARS has confirmed the interpretation of the VAT law that requires non-executive directors (NEDs) of companies to register for and charge VAT in respect...

MOST POPULAR

Member Login

Forgot Password?

Join Us

Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.