Tag: donations tax rate
Determining the donations tax threshold
Subject to any applicable exemption, donations tax is payable on the value of any property disposed of under any donation. With effect from 1 March 2018 an amendment to section 64(1) of the Income Tax Act, 1962 (the Act) introduced a dual system for donations tax.
2018 Budget Comments – Personal Income Tax
Personal income tax - When looking at the changes to personal income tax in isolation (i.e. ignoring the increase in the VAT rate and the usual increases in “sin taxes”, the news in the budget was probably as good as could have been expected.
