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 [...]
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 [...]
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 [...]
“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 [...]
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 [...]
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 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 [...]
The South African Revenue Service (Sars) says there has been no policy change with regards to the risk treatment of medical expense claims. Some tax practitioners have recently been caught off-guard after medical expense claims that were [...]
It is possible that further tax increases may progressively lead to decreased revenue being collected, with the state's revenue hole increasing over coming years, said Tertius Troost, tax manager at Mazars, in reaction to Finance [...]
SARS has called on the South African public to take responsibility for their taxes by ensuring they make their submission before the 31 October deadline. Tax season is currently open as the revenue services attempts [...]
