South African taxpayers with different sources of income are often shocked when they discover at the end of the tax year that pay-as-you-earn (PAYE) deductions did not cover their tax liabilities and that […]
The role of the Tax Ombud (OTO) is to review taxpayers’ complaints against SARS and help resolve them through mediation or conciliation. OTO’s CEO, Prof Thabo Legwaila, recently reiterated the importance of fairness […]
The role of the Tax Ombud (OTO) is to review taxpayers’ complaints against SARS and help resolve them through mediation or conciliation. OTO’s CEO, Prof Thabo Legwaila, recently reiterated the importance of fairness […]
Various recent media reports commented on the planned changes to the tax legislation which could see common errors on tax returns resulting in jail time. “New draft legislation seeks to scrap the concept […]
According to Government Gazette No. 43266, “services required to comply with an obligation imposed by or to exercise a right in terms of a tax Act” are now included within the range of […]
In light of the National State of Disaster and due to the significant and potentially lasting negative impacts on the economy from the spreading of the COVID-19 virus, the Minister of Finance announced […]
With the end of the tax year around the corner, everyone should be getting their tax documentation in order. In a recent Moneyweb article, Gareth Collier of Crue Invest (Pty) Ltd shares a […]
South African’s living and working abroad are preparing themselves for the new amendments to the Income Tax Act, which have been dubbed the expat tax, to come into effect from 1 March 2020. The National […]
The change to section 10(1)(o)(ii) of the Income Tax Act, the foreign income exemption, will become effective from March 2020. South African tax residents working abroad will then be taxed on all their foreign […]
Alwina Brand, PwC Tax Partner was recently quoted in a Business Report article where she shared that the insurance industry has seen a number of substantial changes to tax legislation over the past […]
Alwina Brand, PwC Tax Partner was recently quoted in a Business Report article where she shared that the insurance industry has seen a number of substantial changes to tax legislation over the past […]
Can we use the changes in income tax to score big on our tax returns? 22 February 2017 is South Africa’s national budget day and there is a lot of doom and gloom […]
On 8 June, National Treasury and the South African Revenue Service (SARS) published the 2016 Draft Taxation Laws Amendment Bill (TLAB) and the 2016 Draft Taxation Laws Amendment Bill (TALAB) for public comment. […]
National Treasury has confirmed that the 2016 Revenue Laws Amendment Act, promulgated on 20 May 2016, qualifies provident fund members for a tax deduction on their own contributions ‘without being required to annuitise […]
The tax harmonisation reforms of retirement funds will be implemented from 1 March 2016. What are the changes that will come into effect on 1 March 2016? “The Taxation Laws Amendment Act, 2013 will come into effect […]
This Elton John song came to mind when I read two publications on retirement planning last week: “Who’ll walk me down to church when I’m 60 years of age/When the ragged dog they […]
When I lived on the West Coast, the first day of the crayfish season was a joyous occasion. Somehow, I do not share the same elation when I read about the opening of […]
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