Register for tax

If you need to register for tax,  confused or uninformed, we will have no problem in providing you with the information you require in order to make everything easier for you. If you need to register for tax, follow these instructions to complete your registration: You will need to complete the IT 77 form which …

International tax planning

The place of residence of a company dictates the country that has taxing rights over its income and the basis upon which that income would be taxed. Similar to many other countries South Africa taxes its residents on a worldwide basis. A company is considered to be resident in South Africa if it was incorporated …

Interest on a bond as a deduction

A recently published Tax Board Decision concerned the deductibility of interest on a bond where the proceeds of the bond were utilised to acquire a property to be rented out in order to receive rental income. The taxpayer concerned acquired a new property. She paid the deposit while the remaining portion of the purchase price …

Special concessions to farmers

Farmers are not taxed in the same manner as other taxpayers and are subject to the provisions of the First Schedule to the Income Tax Act. This sets out the procedure for taxing income from agricultural pastoral and other farming activities.  Farmers are also allowed to average their farming income in determining their tax liability. …

Predikante, hul eggenote, die Keiser en belasting

Predikante, hul eggenote, die Keiser en belasting Wie kon weet dat predikante die welbekende spreuk om aan die Keiser belasting te gee wat hom toekom, in die praktyk sukesvol toepas? Daar is ‘n gevestigde beginsel in belastingreg dat ‘n persoon sy eie sake so kan rel dat hy die minste belasting betaal. Bygese, die beplanning …

Save energy and pay less tax

In terms of the soon to be published tax relief, tax payers expect to receive and amount deduction on taxable income per kilowatt hour of energy they have saved This tax relief will be in terms of the Income Tax Act, section 12L,  where the minister of finance, in consultation with, in consultation with the …

Interest free loan

The preamble to Income Tax case 1791 published in 67 SATC 230 reads as follows Gross income Interest free loan Right of use of Whether such benefit received by taxpayer i.e. the right of use of the interest free loan constituted a reward in a form other than cash which was taxable in terms of …

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 in person or in writing. WHEN MUST A TAX RETURN BE SUBMITTED? A taxpayer is required to submit an income tax return if he she …

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 applicable. This will ensure that we pay on time. Important tax dates. Date: Item: 05-12-2014. Submission and Payment of EMP201. 24-12-2014 Submission and Payment of …