Personal Income Tax

August 27, 2020August 27, 2020 Marc DerfoldyCapital Gains Tax, Investments, Pension Funds, Personal Income Tax, Trusts

Capital Gains Tax for Companies – part 3

In this article we will continue discussing the basics of Capital Gains Tax with an emphasis on calculations and information regarding gains or losses. Recall from article “part 2” the […]

July 23, 2020July 23, 2020 Marc DerfoldyCapital Gains Tax, Income Tax Act, Investments, Personal Income Tax, Tax Administration Act

Capital Gains Tax for Companies – part 1

In this article we will discuss the basics of Capital Gains Tax and in subsequent articles provide examples of capital gains tax for businesses. Capital gains tax (CGT) was introduced […]

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 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 2, 2020March 2, 2020 Marc DerfoldyCompanies Act, Corporate Tax, Income Tax Act, Personal Income Tax, Tax Administration Act

Tax-based incentives offered by Government to businesses operating in South Africa(part2)

Covered in part 2 of Tax-based Incentives Industrial policy projectsSpecial Economic Zones (SEZs)Energy efficiency savings incentiveInternational shipping incentiveVenture capital companies Industrial policy projects In 2008, a ZAR 20 billion incentive […]

February 13, 2020February 13, 2020 Marc DerfoldyIncome Tax Act, P.A.Y.E, Personal Income Tax

Foreign Employment Income Tax

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 […]

January 13, 2020January 13, 2020 Marc DerfoldyCapital Gains Tax, Income Tax Act, P.A.Y.E, Personal Income Tax, Retirement

TAX ON INHERITANCE, DONATIONS AND A DECEASED ESTATE

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 […]

October 31, 2019October 31, 2019 Craig TonkinIncome Tax Act, Personal Income Tax

Tax exemption for foreign employment income

On 01 March 2020, changes to the exemption for foreign employment income in s10(1)(o)(ii) of the Income Tax Act No 58 of 1962 (Act), will come into effect. Until then, […]

September 16, 2019September 16, 2019 Craig TonkinCapital Gains Tax, Carbon Tax, Companies Act, Corporate Tax, Employment Tax Incentive, Income Tax Act, Non-profit organisation, P.A.Y.E, Pension Funds, Personal Income Tax, Provident Funds, Retirement, Tax Administration Act, Trusts, Value Added Tax

SARS’ Official Functions

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 […]

August 31, 2019August 31, 2019 Craig TonkinIncome Tax Act, P.A.Y.E, Personal Income Tax, Tax Administration Act

Tax Avoidance vs Tax Evasion

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 […]

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