This is the salary increase you will need this year
This year, income tax brackets have not been hiked in line with inflation. This means you will get less out from a salary increase than you may think. You will need a pay hike of [...]
3 ways to maximise your retirement savings
Maximising your contributions or making a lump sum payment towards your pension, provident or retirement annuity is the most efficient way to minimise the impact of rising taxes while building long term capital, says Regard [...]
Cape Town homeowners hit by steep new municipal valuations – even Cyril Ramaphosa has been affected
Cape Town has published new municipal valuation rates of local properties. One estate agency says some of her clients saw their valuations triple. The new valuations will determine your municipal rates bill. You still have [...]
#Budget 2019 will be more gain, less pain – tax expert
Budget 2019 will likely be more about seeking growth than seeking to inflict pain, according to Keith Engel, CEO of the SA Institute of Tax Professionals. Do not expect anything "exciting" in Budget 2019 from [...]
SA expat tax law: How to avoid SARS clamp-down on expat income
A legislative amendment to SA expatriate tax law is set to come into effect on 1 March 2020, and to avoid criminal prosecution, South Africans working abroad can opt for "financial emigration", suggests Claudia Aires [...]
Future generations ‘will have to work into their 80s to save for retirement’
A challenge for the financial planning industry is how to factor in ever-increasing life expectancies when it comes to retirement savings goals, according to Jacques Brown, a wealth manager at Private Client Holdings. "People will [...]
Investment property: 5 common tax questions answered
“People frequently make decisions regarding property investments without a full understanding of the tax implications involved, according to Jeremy Burman of Private Client Financial Services, a division of Private Client Holdings. He says it is [...]
Tax Attorneys give 5 tips to guarantee a successful tax dispute process
Although tax season has come to an end and most taxpayers will breathe a sigh of relief, many others are faced with a tax assessment they did not expect. Truth be told, taxpayers should not [...]
Netflix, Facebook, and Google will probably have a new tax to pay in SA – and that will hit consumers
The National Treasury will now require US-multinationals who render services in South Africa to pay VAT. This means companies such as Netflix, Facebook and Google will be required to register for VAT, and pay the [...]
Donations tax: Should I include it on my tax returns?
Donations tax is tax payable at a flat rate on the value of property disposed of by donation. Should it be included in your tax returns? A Fin24 user wanted some advice. He writes: My son [...]