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.
Dhanyal Davidson | Fin24 “If the implementation of these taxes wields you unable to live in Bermuda or whatever other tax haven, move somewhere else. You have this luxury,” writes Dhanyal Davidson in response to another user’s reaction to a […]
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 […]
Your public benefit organisation is capable of saving a huge percentage of their tax by merely registering with the government as a PBO. One of the requirements is that you must have a compliant founding document. This can be in […]
A South African based NGO can choose between three types of legal forms. A voluntary association A trust A section 21 company The choice of the appropriate legal entity will depend on the nature of the NGO. The requirements and […]
In order to register as a PBO, Firstly, the PBO’S founding document (Memorandum and Articles of Association ,Trust Deed or Constitution) has to conform to the requirements of Section 30(3)(b) of the Income Tax Act. Secondly, application must be made […]