International Tax There is a number of Double Taxation Agreements (DTA) in existence between South Africa and various countries that provide for relief in respect of royalties and know-how withholding…
What is air passenger tax? Air passenger tax came into effect in 2000 when the Minister of Finance announced that an Air Passenger Tax (APT) was to be instituted. The…
What is Corporate Income Tax? Corporate Income Tax (CIT) is also known as a business tax. It is a tax imposed on businesses incorporated under the laws of the Republic…
What is Donations Tax? Donations tax is a tax that is payable at a flat rate on the value of property disposed of by a donation. Donations tax is calculated…
What is Excise Duties and Levies? Excise duties and levies are imposed mostly on high-volume daily consumable products as well as certain non-essential or luxury items. The goal of these…
Depending on your age and how much income or money you have earned in the year you may or may not have to submit a tax return. So, do you…
What is dividends tax? Dividends Tax is a tax charged at 15% on shareholders when dividends are paid to them. Under normal circumstances, it is withheld from their dividend payment…
A shrinking revenue base is top of mind for tax authorities in Africa as much as it is for their counterparts the world over. The upshot for businesses is that…
DIRECTOR – MEMBER Any member of a Close Corporation who holds any office or performs functions similar to the office or functions of a director of a company is also…
CHANGE OF TAX SYSTEM The income tax system in South Africa changed from a source-based system of taxation to a residents-based basis of taxation with effect from years of assessment…