Relevant Legislation: Income Tax Act No 58 of 1962, Section s10(1)(o)(ii) and section 9H On 1 March 2020, changes to the exemption for foreign employment income in s10(1)(o)(ii) of the […]
In 2018 the Estate Duty rate increased from 20% to 25% on dutiable amount of estates of more than R30 million. When a person dies, the deceased person and all […]
Have you ever wondered what SARS’ official functions may be in terms of legislation? Collection of Income Tax is merely one aspect everyone is aware of. SARS is the only […]
Payment of taxes is often a sensitive topic to discuss and everyone at some stage is obligated to pay their fair share. For the sake of clarity please note the […]
National Treasury announced earlier on 2019 that it intends to change the provision in the tax law that exempts South African tax residents from paying tax on income from foreign […]
Filing season for taxpayers who have been making use of e-Filing will start on 01 July or 01 August 2019 depending on your tax classification. Non-provisional taxpayers who use e-Filing […]
The Employment Tax Incentive was introduced by the Employment Tax Incentive Act 26 of 2013 which was promulgated on 18 December 2013. This Act has since been amended on a […]
The Employment Tax Incentive Act 26 of 2013 (the Act), was promulgated on 18 December 2013 and came into effect on 1 January 2014. The Incentive Plan has recently been […]
Pay-As-You-Earn (PAYE) penalties are imposed on employers in terms of the Fourth Schedule to the Income Tax Act of 1962 [the Act], read with Chapter 15 of the Tax Administration […]
