Income tax is a constant source of controversy and debate, no matter what country you live in. “Should 5% appear too small, be thankful I don’t take it all … You’re working for no one but me,” sang the Beatles in their 1966 hit Taxman, in an attack on the then Labour government’s high tax rates. […]
Day 3 Stream 2 – Administrative and IT Issues in payroll
Tax Law changes impacting employee remuneration and benefits, remuneration structuring and employee pay practice Tax Indaba 2014 9 – 13 June 2014
Introduction On 17 July 2013 the Minister of Finance, Mr Pravin Gordhan, announced the members of the Tax Review Committee (the Committee) as well as the Committee’s Terms of Reference. This gave effect to the Minister’s previous announcement in February 2013 when he tabled the 2013/14 Budget that government will initiate a tax review this […]
A new survey of 21,950 expatriates from around the world has crowned Singapore as the best place to be an expat. The Expat Explorer country league table, commissioned by HSBC and now in its eighth year, uses a variety of criteria including economics, experience and family life. Singapore received a 67% approval from expats living there, who […]
The South African Revenue Service announced on 09 July 2015 the progress made by SARS on work done on foreign bank accounts held by South African residents and to provide such residents an opportunity until 12 August 2015, to approach SARS via its Voluntary Disclosure Programme (VDP) to regularise their tax affairs. The VDP process […]
Honourable Speaker I have the honour to present the first budget of our fifth democratic Parliament. Members of the House, and fellow South Africans. Over the past twenty years we have built houses, delivered water and electricity, improved access to schools and health care. Yet there are people living in shacks, there are schools without […]
Though government says an increase in personal taxation will not amount to “too much pain”, the bad news is that income tax rates will be raised by one percentage point for all taxpayers earning more than R181,900 a year. The very bad news is that the total fuel levy will increase by 80.5 cents a […]
Is it time to ask for a raise? Neil Irwin at The Upshot writes that this could (finally) be a good year for wages, with small businesses, and a big health insurer, planning to increase pay. And The Billfold titled a recent post “The Year America Gets a Raise” (though its author, Mike Dang, also […]
VISITORS to the Philippines come for the beautiful islands, tropical weather, and exotic cuisine. It therefore comes as no surprise to find foreigners all over the Philippines. But they’re not all lounging by hotel pools — many of them are prowling the central business districts wearing suits, supervising projects in the red-hot business process outsourcing […]