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Category Archives: General

Blogs about general topics

Budget 2018 – Highlights

February 21, 2018

Finance Minister Malusi Gigaba delivered the budget speech today that has been described as responsible and balanced under the current circumstances and likely to put South Africa in a healthier fiscal position. Ratings agencies are also looking at it favorably however the budget isn’t without its surprises, namely the hike in VAT for the first […]

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PAYE calculator

October 30, 2017

How to calculate PAYE

As an employer, you have a tax obligation to deduct employee’s tax in the form of PAYE (Pay as you Earn) from any remuneration paid to employees and settle this amount with SARS on a monthly basis. In this blog article, we will focus on the steps you will need to follow to calculate PAYE. […]

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PAYE Tables 2017

September 5, 2017

An Employee’s remuneration is subject to monthly deductions in the form of PAYE. PAYE Tables for the correct tax year should be referenced to calculate an employee’s monthly tax liability. Additional deductions, rebates and tax thresholds should all be considered when calculating the final PAYE amount. These are listed below for your reference and are […]

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Tax considerations on retirement

July 29, 2017

retirement and tax

In our previous blog article titled ‘Retirement funds and tax’, we looked at tax implications while saving for retirement and the recent changes in legislation that allow you to save up to 27.5% of your taxable income when making retirement contributions. Retirement structure is based on three legs, namely exempt, exempt, and taxed. While saving […]

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Retirement Funds and Tax

June 30, 2017

Retirement planning is a long term commitment and for most of us, it entails a consistent monthly payment until you reach retirement age. Whether you are self-employed and contribute directly, or your employer is submitting payments on your behalf, these payments become part of life – or perceived as another expense at month-end – and […]

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Income Tax Brackets

March 3, 2017

After this year’s budget, most tax brackets saw their ceilings raised slightly while the most significant change was the introduction of a new tax bracket for the wealthy.     Income Tax Calculators The tax brackets below are key to calculating your taxable income and are what online tax calculators use to provide you with […]

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Budget 2017

February 22, 2017

With South Africa experiencing low economic growth, high unemployment, slow progress in education and uneven income growth, it was only expected that our finance minister Pravin Gordhan would need to make tough decisions in his 2017 budget. While many of these tougher measures span the full scope of the budget, we will be purely focusing […]

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Securities Transfer Tax

January 28, 2017

In this article we will look at one of the lesser known taxes called Securities Transfer Tax, which is usually synonymous with investment. If you have ever been issued a security, then you may have likely been charged Securities Transfer Tax. For those of you that may be unfamiliar with what a security is, let’s […]

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Turnover Tax – What is it?

July 27, 2016

Turnover tax

Over the next few blog articles, we will be shedding light on various types of tax including some of the lesser known forms that apply within South Africa. Today, we will be focusing on Turnover Tax and will explain who it is for, how it works, and the advantages of using Turnover Tax. What is […]

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SA Accounting Firm

April 28, 2016

Dirmeik Consulting has recently extended its services across South Africa. Our unique approach to the practice of accounting sets us apart from our competition. This approach is based on trust and wisdom; on quality service and operational clarity and on the drive to support our growing base of clients across South Africa. We currently assist […]

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