This article deals with taxation related to REITs – “Real Estate Investment Trust” as defined and dealt with in the Income Tax Act, Section 25BB and will be a series […]
Marc Derfoldy
Income Tax and Medical Tax Credits for the Individual
Sources: Guide on Income Tax and the Individual (2021/22) – SARSGuide on the Determination of Medical Tax Credit – SARSMedical Schemes Act 131 of 1998Income Tax Act 58 of 1962Tax […]
Income Tax and the Individual
Source: SARS Guide on Income Tax and the Individual, 25 June 2022 version This article is part of a series of articles providing basic insight into the tax affairs of […]
The tax effects of your crypto assets
Cryptocurrency, a crypto asset, is not considered a currency for the purposes of South African income tax, it is regarded as an asset and SARS applies the normal income tax […]
PURCHASE OF DIFFERENT TYPES OF ANNUITIES AT RETIREMENT
SARS issued a Binding General Ruling (#58) on 04 November 2021 regarding the purchase of different types of annuities at retirement. The purpose of this BGR is to confirm that, […]
Employment Tax Incentive (ETI), Corporate Income Tax (CIT) and others
As per SA’s 2022 Budget Speech, the Employment Tax Incentive (ETI) has been extended to 28 February 2029. The ETI is aimed at supporting the private sector in the employment […]
Excise Tax
Excise Tax is indirect duties, levies and taxes imposed on certain locally manufactured and imported goods, which are consumed in South Africa. Excise Legislation makes provision for certain goods to […]
Rules for the taxation of interest payable by SARS under Section 7E of the Income Tax Act
I, for one, never wish to pay SARS more tax than necessary. In fact, we pay too much in comparison with worldwide averages. This article explains how Section 7E of […]
DISQUALIFICATION AS A QUALIFYING COMPANY UNDER SECTION 12R(4)(b)
Income Tax Act 58 OF 1962, Section 12R(4)(b)Binding General Ruling (BGR) dated 22 February 2022 The Department of Trade and Industry has established various special economic zones (SEZ’s) within designated […]
Employee Allowances for the 2023 Tax Year
SARS updated their Employers Guide for Tax Allowances related to Subsistence Allowance, Travelling Allowances and Public Office Holder Allowances in line with the budget presented in February 2022. SUBSISTENCE ALLOWANCE […]