How Bitcoin earnings are still Taxable
Johannesburg – Cryptocurrencies like Bitcoin are to be treated in the same way as capital realisation on assets, according to Dr Randall Carolissen, research head of the South African Revenue Service (SARS).
Retirement Savings Vulnerable to Tax Increases
South African taxpayers now find themselves in unchartered territory with the Presidential Fiscal Committee (PFC). We all know tax increases are on its way, the question is which tax types and by how much. Although this will remain a closely kept secret, many will undoubtedly feel they should have planned better.
The Dangers of Raising the Capital Gains Tax Rate
Although it won’t raise significant amounts of revenue, the Capital Gains Tax (CGT) inclusion rate for individuals could be raised in 2018 as part of various steps to address South Africa’s widening budget deficit.This comes as National Treasury mulls its options for raising roughly R30 billion through tax hikes while also cutting expenditure in the […]
