While reforms have been met with resistance, tax benefits will encourage South Africans to save.Changes to the tax treatment of provident funds, introduced as part of broader retirement reforms in 2015 by National Treasury, have [...]

Sait says the proposed scrapping of the exemption should be postponed. The South African Institute of Tax Professionals (Sait) has requested an economic analysis on the potential impact of the scrapping of the foreign employment [...]

    What's New? 30 June 2017 - Implementation of an automated Pay-As-You-Earn (PAYE) Dispute Management process On 30 June 2017, SARS introduced an automated dispute management process for PAYE as part of our ongoing commitment to [...]

What is it? Tax Free Investments were introduced as an incentive to encourage household savings. This incentive is available from 1 March 2015.   How will it work? The tax free investments may only be [...]

Globalisation has resulted in more South Africans working abroad. SARS recently issued a new draft Interpretation Note 16 on the requirements to qualify for the exemption in section 10(1)(o)(ii) of the Income Tax Act, 1962, [...]

Congratulations on your retirement. We believe that your retirement should be enjoyed and that you should not stress about tax. Therefore here are a few tips on the tax in respect of retirement.   Tax [...]

The impact of section 23(m) of the Income Tax Act No. 58 of 1962 (the Act), when it was introduced in the 2003 tax year, was to deny a tax deduction for typical business expenditure [...]

What is it? An Additional Medical Expenses Tax Credit (also known as an "AMTC") is a rebate which reduces the normal tax a person pays. This rebate is non-refundable and any portion that is not [...]