by admin | Jul 3, 2020 | Tax
It is not forbidden in South African tax law to minimize your tax payable. The principle of tax structuring forms part of our common law and our Income Tax Act has a section dealing with transactions that are solely entered into for tax evasion. To understand the...
by admin | Jun 16, 2020 | Tax
Due to the Covid-19 pandemic, SARS is currently enhancing its efforts to simplify the tax return filing requirements for individual taxpayers and removing the need to travel to their branches in 2020. Through the increased use of third-party data, SARS will be...
by admin | Apr 2, 2020 | Tax
Following the media statement issued by the Minister of Finance on 29 March 2020 on Tax Measures to Combat the COVID-19 pandemic, the National Treasury and the South African Revenue Service (SARS) published, for public comment, the 2020 Draft Disaster Management Tax...
by admin | Feb 26, 2020 | Tax
There is nothing wrong with Tax structuring of an employee’s salary. South African Income Tax Case Law confirms that it is fine to structure an employee’s remuneration to pay as little as possible Tax. Structuring an employee’s package can also not be subject to the...
by admin | Jan 20, 2020 | Financial Advice, Financial Emigration, Tax
Financial emigration is currently a hot topic due to the new amendments to the Income Tax Act, which is set to come into effect from 1 March 2020. Many South African citizens reap the benefits from the Act as it is stipulated at this stage, but it is important to...
by admin | Jan 20, 2020 | Tax
Provisional Tax season can become a nightmare if you fail to submit your return and payment timeously and accurately. Non-payment, late payment or insufficient payment may lead to you being charged with penalties and interest. February is provisional tax season. Don’t...
