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…
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…
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…
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…
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…
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…
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…