Originally it was the Egyptians who invented the system of Taxes. They appointed Tax Masters, whose job it was to increase the burden on the slaves under the Egyptian domination. Tax collectors, also known as Scribes, were drawn on tomb paintings dating as far back as 2000 B.C.
Tax rates are proposed by the Minister of Finance in the annual Budget Speech and fixed or passed by Parliament each year. These are then published in user friendly tax tables. Below are the relevant tax returns per tax year […]
Before you hire a tax practitioner to prepare your tax returns, you want to conduct an interview and ask several important questions. The answers to these questions will determine whether this tax practitioner service is qualified to provide what you need.
Are you paying too much tax? With a property rental loss system you can create an investment strategy that will work both ways: 1. give you significant tax relief; and 2. utilize the best proven investment vehicle – Unit Trust Investments.
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BUDGET SPEECH | and TAX Implications of Section 7C for Trusts?
Most of the 2017 budget speech speculations were around whether Finance Minister Pravin Gordhan would increase VAT, introduce a new ‘supertax’ on wealthy individuals or be ‘braaied’ himself.
A few changes in South Africa’s tax administration will have a huge impact on business. Shutterstock Muneer Hassan, University of Johannesburg There was a time when, from a tax perspective, South Africa’s “mini budget” used to be a non-event. The […]
When human resource companies consult with organisations on human resources matters, it is evident that employing persons with disabilities is the furthest thing from their minds. Instead of exploring ways in which to recruit and integrate disabled people into their […]
“The rich makes the most money, with as little as possible work and pay the fewest taxes. The middle class works the hardest and pay the most taxes. The poor are just there to scare the middle class” – Anonymous […]
Below follows a few of the South African (SA) Taxes that is applicable in our daily lives and businesses: Income Tax Personal Tax and SITE Capital Gains Tax Donations Tax Estate Duty Companies Tax Secondary Tax on Companies Farmers Tax […]
Non-profit Organisations (NGOs), also known as public-benefit organisations(PBOs), play a major role in any society. The South African taxation system has undergone many changes that now regularise NPOs, like religious, educational, welfare, charitable and sports bodies and associations. The object […]