Types of TAX in South Africa

For the different types of tax listed below 5 questions need answering, namely

1. What kind of TAX is it?
2. Who is it for?
3. What steps must I take?
4. When should the tax be paid?
5. How should it be paid?

• Air Passenger Tax
• Capital Gains Tax

  Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost. CGT applies to individuals, trusts and companies. Read more >>
• Corporate Income Tax
• Customs Duties
• Diamond Export Levy
• Dividends Tax
• Donations Tax
• Estate Duty
• Excise Duties and Levies
• International Oil Pollution Levy
• Mineral and Petroleum Resource

• Pay As You Earn

  Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE. Read more >>
• Personal Income Tax
• Provisional Tax
• Securities Transfer Tax
• Skills Development Levy
• Transfer Duty

  Transfer Duty is a tax levied on the value of any property acquired by any person by way of a transaction or in any other way. For the purpose of Transfer Duty, property means land and fixtures and includes real rights in land, rights to minerals, a share or interest in a “residential property company” or a share in a share-block company. Read more >>
• Turnover Tax
• Unemployment Insurance Fund
• Value Added Tax

  Value-Added Tax is commonly known as VAT. VAT is an indirect tax on the consumption of goods and services in the economy. Revenue is raised for government by requiring certain businesses to register and to charge VAT on the taxable supplies of goods and services. Read more >>
• Withholding Tax on Interest
• Withholding Tax on Royalties