Tag: tax

The Department of Health has issued a White Paper on National Health Insurance (NHI). The paper, Gazetted on 30th June 2017, is available for download...

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

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

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.

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.

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...

Much has been written about Tax Free Savings and Investment Accounts (TFSAs) and there was considerable excitement when these vehicles were first launched. While...

On 11 January 2017, President Zuma signed the following Finance Bills into Law. Taxation Laws Amendment Act The main purpose of the Bill is to amend...

Planning - Outline your plan for the year Use a quiet week or two at the beginning of the year to set out...

South Africa’s construction industry faced a challenging year in 2016 with ongoing pressure on margins, lower revenue and lower order books. Andries Rossouw, PwC Assurance...