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Wednesday, March 20, 2019
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Budget 2019 | what can personal income taxpayers expect?

Against the backdrop of the weakening Rand, the pain point of the increased marginal tax rate of 45 per cent, the increase in the VAT rate by 1 percent in April 2018 and the decline in household spend, can South Africans really afford another tax rate hike?

Budget 2019 | key areas to look for in Tito Mboweni’s...

Finance Minister, Tito Mboweni, delivers his first Budget Speech on 20 February at a difficult time for the South African economy. Even though President Cyril Ramaphosa has done much to restore business confidence in his first year in office, GDP growth remains weak, government finances are in relatively poor shape, and renewed load shedding is hurting business confidence.

‘Surprise – you have to pay my tax!’

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

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

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

Appropriate tax mix?

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

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

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

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...

SMALL BUSINESS BUDGET FEARS?

High and middle-income earners are hearing a stream of bad news as the 2017/2018 Budget Speech by Finance Minister Pravin Gordhan approaches. Analysts are...
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