On Wednesday, 25 February 2015, South Africans were told to prepare for higher taxes. The government's annual budget indicated a 1% increase in personal income tax. Tax Rates for 2015…
Here is a small, simple but effective guide to how much tax you will have to pay and when exactly. Some explanations will also be given How much tax should…
Who is really liable for PAYE: Synopsis A recently reported tax case highlights the importance to employers to deduct PAYE from the correct amount of remuneration, as defined in the…
Value Added Tax (VAT) was introduced on 30 September 1991 at 10% and increased to 14% on 7 April 1993. The VAT system comprises three types of supply Standard-rated supplies…
Where is my tax number? If you are thinking about your tax number, you may be busy completing your e-filing or tax return? Your tax number should be printed on…
INTRODUCTION When one considers creating a trust regard must be had not only to the reason why a trust is chosen as a vehicle as apposed to a partnership company…
Tax avoidance is generally the legal exploitation of the tax regime to your own advantage. This is done in an attempt to reduce the amount of tax that is payable…
As a general rule a transaction agreement or arrangement must have a commercial purpose in order to be classified as acceptable for the purpose of income tax. Also such a…
Who is liable for the payment of vat? VAT is levied on all supplies made by registered vendors in the course or furtherance of their enterprises. Only a registered vendor…
Tax and Receipts from fraudulant activities TThe issue in 67 SATC 1789 was whether amounts paid by investors in a fraudulent and unlawful pyramid scheme to the taxpayer were received…