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Category Archives: General

Blogs about general topics

Tax Recovery Post-COVID-19

August 31, 2020

We’ve all probably had that parent telling us how important it is to save for a rainy day; that if you put money away in a savings account or an emergency fund, you will be able to stop adding to your debt with every financial obstacle you face. You know the kind of bump in […]

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What to Know about the Payment Relief Measures for Provisional Taxpayers

July 16, 2020

It’s no secret that the COVID-19 pandemic has turned our world upside down and we are yet to understand the huge impact it will have on our country’s economy and its people. It does seem, though, that Treasury is trying its best to bring relief measures to South Africans and boost companies’ cash-flow and prevent […]

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Tax Calculator – Income Tax Tables 2019

March 18, 2019

Tax tables 2019

All income tax calculators are based on the tax tables from SARS for the specific period of taxation and this is what is used to work out your tax liability, that is the amount of money you need to pay to SARS. The formula to calculate your base tax liability is simple: Base Tax Liability […]

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SARS – Rates of Tax for Individuals

May 27, 2018

Tax Brackets 2018

Each year, the South African Revenue Service (SARS) releases a set of tax tables to assist you in calculating your tax liability from your taxable income. What is my taxable income? Your taxable income is not necessarily a tax you are only liable to pay on a salary or wage. You may also be liable […]

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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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