The Benefits Of A Company Vehicle For Small Business

The benefits of a company vehicle for small businesses

Running errands, doing collections and deliveries, sourcing supplies and materials, and liaising with suppliers and customers? It’s all in a day’s work for employers and employees of small businesses.

Unsettling times ahead for employee tax and take-home pay

The 2019 election year brings the normal risk of some tax populist decisions, including much higher social grants. This will add to the fiscus’ pressure, desperate for additional tax revenues. Personal income tax, which is mostly collected from employees, is by far the largest contributor to tax in South Africa. The goose which lays the […]

Countdown To The Commencement Of The Amended South African Expatriate Tax Law

Countdown to the Commencement of the Amended South African Expatriate Tax Law

The announcement by National Treasury and SARS in 2017 that the tax exemption on South African expatriates is set to change, has resulted in the lifestyle of many South Africans, who are employed by companies abroad, to rapidly change from a South African tax liability point of view.

Nugent Inquiry To Make Further Recommendation To Stabilise SARS In Final Report

Nugent Inquiry to make further recommendations to stabilise SARS in final report

The Nugent Commission of Inquiry will hand over its final report to President Cyril Ramaphosa on Friday and it is expected to make further recommendations to stabilise the South African Revenue Service (SARS).

International Tax - It's About The Company You Keep

International tax: It’s about the company you keep

When in Rome… Following a brief stint in central America to attend an international conference, I was privy to a difference in cultural practice as well as social customs that were to be observed. For example, in Santa Domingo, driving is a bit like organised chaos. If ever you’ve thought the driving and traffic in […]

Are you unhappy with your additional assessment issued by SARS?

A Nasty Surprise from SARS The 2018 tax season has come and gone. However, the coast is not clear just yet. As SARS concludes their verification process – to review and confirm taxpayer’s information – many taxpayers may have received a nasty pre-holiday surprise from SARS.

When It Comes To Your Taxes, Don't Drink The Water

When it comes to your taxes, don’t drink the water

Down to a “T” I recently had the privilege of attending a tax conference in the Dominican Republic. This involved months of planning in order to ensure a smooth flight, travel and attendance at an international tax event.

Industry Pleas For Dialogue On Capped Foreign Income Exemption

Industry pleas for dialogue on capped foreign income exemption

Several organisations have submitted proposals relating to the foreign income exemption for the 2019 legislative cycle. National Treasury is sticking to its amendment to limit the tax-free income South African tax residents earn outside of the country to R1 million. Industry bodies are asking that the cap exclude benefits, which are “a necessity” in some […]

In Troubled Waters - Tax On The High Seas

In troubled waters: Tax on the High Seas

Life is better on the sea Sometimes, those who have been living the corporate life decide to leave it all behind for a life working aboard luxury yachts. Some High school graduates take up the mantle of floating on seawater day in and day out in a gap year, but never depart the lifestyle. Either […]

Importers Easy Targets For Unfair VAT Treatment

Importers easy targets for unfair VAT treatment

Even the experienced importers are falling foul to failed VAT refund claims and disallowed input VAT deductions. 2018 has been a trying time for South African businesses; from the weakening of the rand, the hike of the VAT rate to 15%, and slow growth rate of the economy. The modern struggle for many businesses, however, […]