Investors in unit trusts are currently taxed only on capital gains when they sell their units. But a proposed amendment could result in some distributions being taxed at income tax rates to the maximum of 45%.
Women tend to have higher levels of emotional intelligence and empathy compared to their male counterparts, and often promote delivery of soft benefits that may be overlooked in a purely commercial approach to business. Although these are essential to sustainability and human development, especially in Africa.
Failing to submit a tax return can result in a criminal record for non-compliant taxpayers. Last month the South African Revenue Service (SARS) published the names of 10 offenders who failed to submit their returns and who now have criminal records. SARS has always been able to do this in terms of the law, but […]