Personal income tax
An individual is personally liable to register as a taxpayer for personal income tax with the Receiver of Revenue in whose area he she resides. The request may be made…
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January 30, 2015
Important tax dates for 2015
The following is the important tax dates for December and 2015. We have taken the liberty to draw up a table which will show all of the dates which are…
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January 30, 2015
General overview of the tax implications of the mid term budget policy for 2009
General Tax Tax.co.za Comment: Clearly if the growth projections are met and government expenditure remains constant, or decreases, increased future taxation would be avoidable. From a tax perspective the following…
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January 30, 2015
Interest as a deduction
In a recently published Special Board decision the Commissioners practice note was challenged. Practice note number 31 reads as follows To qualify as a deduction in terms of section 11(a)…
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January 30, 2015
Independent Subcontractors and PAYE
Independent Subcontractors and PAYE. The Building Industries Federation of South Africa has a standard contract for subcontracts. This standard contract contains the following clauses: The contractor shall pay to the…
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January 30, 2015
Foreign travel allowance limits per calender year
Individuals The total amount of foreign exchange which may be availed of by South African residents with regard to traveling expenses during a calender year in respect of one or…
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January 30, 2015
Import duty & taxes when importing
Import duty and taxes are charged when goods are imported into South Africa By a private individual, company or major corporation. The valuation method is FOB (Free on Board), which…
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January 30, 2015
Individual Income Tax Rates for 2013-2014
Individual Income Tax Rates for 2013-2014 Individual Income Tax Rates in South African Rands for the period 1 March 2013 to 28 February 2014 are as follows: R0 – R165…
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January 30, 2015
Estate Duty
What is Estate Duty? Estate Duty is charged on every person who dies after 1 April 1995, according to the Estate Duty Act of 1995. It is charged at about…
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January 30, 2015
Estate planning
1 Introduction Estate planning may be defined as the arrangement management and disposition of the assets in a persons estate so that he his family and other beneficiaries may enjoy…
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January 30, 2015