Employment Tax Incentive

May 3, 2022 Marc DerfoldyCorporate Tax, Employment Tax Incentive, Income Tax Act, Personal Income Tax

Tax Incentives and their expiry date

Tax incentives are applied to encourage certain behaviours and activities by providing businesses and individuals with favourable tax treatment. The introduction of a tax incentive is generally based on a […]

November 30, 2021November 29, 2021 Marc DerfoldyEmployment Tax Incentive, Income Tax Act, Personal Income Tax, Tax Administration Act

Expat tax

If you’ve recently moved abroad from South Africa for work, there are a few things you’ll need to keep in mind in 2021 as a resident living temporarily abroad: the […]

March 23, 2021March 24, 2021 Marc DerfoldyCompanies Act, Employment Tax Incentive, Labour Relations

The Compensation Fund and Rand Mutual Assurance Fund

Reference Acts and Websites Compensation for Occupational Injuries and Diseases Act (1993)Compensation for Occupational Injuries and Diseases Amendment Act (1997) The Compensation Funds “e-COID” online facility on website http://www.labour.gov.za/Online-ToolsRand Mutual […]

March 11, 2021 Marc DerfoldyCompanies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Labour Relations, P.A.Y.E, Personal Income Tax, Tax Administration Act

Earnings thresholds, Income Tax thresholds and Minimum Wage updates

Reference documents Basic Conditions of Employment Act, as amendedIncome Tax Act, as amendedNational Budget Speech, February 2021National Minimum Wage Act, as amended This article gives a brief overview of salary […]

December 14, 2020December 14, 2020 Marc DerfoldyCapital Gains Tax, Employment Tax Incentive, Income Tax Act, Tax Administration Act

Some changes made to the Taxation Laws Amendment Bill, 2020

Reference documentsTaxation Laws Amendment Bill, 2020 “TLAB” In October 2020, the Minister of Finance presented the Rates and Monetary Amounts and Amendment of Revenue Laws Bill, 2020, the Tax Administration […]

July 16, 2020July 16, 2020 Marc DerfoldyCapital Gains Tax, Corporate Tax, Employment Tax Incentive, Income Tax Act, P.A.Y.E, Pension Funds, Personal Income Tax, Provident Funds, Retirement, Trusts, Value Added Tax

RETURNS TO BE SUBMITTED BY A PERSON IN TERMS OF SECTION 25 OF THE TAX ADMINISTRATION ACT, 2011 (ACT NO. 28 OF 2011)

Gazette Number 43495 dated 03 July 2020 was published by the Commissioner of the South African Revenue Service (SARS) and is an update to the requirements for submitting / not-submitting […]

May 18, 2020May 18, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Tax Administration Act

Section 23H of the Income Tax Act, No 58 of 1962 – deductions claimed for prepaid expenditure

Section 23H of the Income Tax Act is one that is often carefully reviewed by SARS for correct application by businesses. This portion of the Income Tax Act, No 58 […]

May 4, 2020May 4, 2020 Marc DerfoldyCOVID-19, Debt review, Employment Tax Incentive, Income Tax Act, Labour Relations, Personal Income Tax, UIF

Financial aid during the COVID-19 crisis – Unemployment Insurance Fund

Section 8 of The National Disaster Regulation 10 empowers the Minister of Employment and Labour with the authority to issue and vary directions, within mandate, to address, prevent and combat […]

March 30, 2020March 30, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, P.A.Y.E, UIF

Clarifying the interaction between the Employment Tax Incentive and Special Economic Zone provisions

In January 2020 Gazette 42951 related to the Tax Laws Amendment Act, 2019 (also know as TLAB 2019) was published. This gazette covers a number of amendments to the TLAB, […]

February 10, 2020February 10, 2020 Marc DerfoldyCompanies Act, Employment Tax Incentive, Labour Relations

WSP & ATR submission

It’s that time of the year again; businesses will soon need to begin compiling their workplace skills plan and annual training report and submit them online. Businesses submit info for […]