JHB 010 007 3026 CPT 021 421 4444 DUR 031 007 0881

Category Archives: News

Latest news and opinions on financial affairs


February 8, 2021

The importance of businesses, both large and small, for our economy, goes without saying, especially their role as taxpayers. All businesses have tax obligations to meet, including paying Value Added Tax (VAT) to SARS, but don’t fear, it’s not all bad news, as there are several benefits to acquiring a VAT number. This post looks […]

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November 26, 2020

No one likes a surprise from the Taxman, because we know it is hardly ever good. The year we’ve made a profit should be one for celebrating, not for sharing with SARS. Understanding Capital Gains Tax (CGT) and how it works is key to saving pennies when you are looking to sell an asset or […]

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Budget 2019 – the changes affecting you

February 20, 2019

Finance Minister Tito Mboweni delivered his maiden budget this afternoon which offers little in the way of relief from the tax hikes of previous years. It also involves a surprise carbon levy pushing fuel prices even higher.   Read on to learn about the changes affecting you: Income Tax Changes: For the first time since […]

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Working overseas? Proposed legislature changes may affect you

May 26, 2017

Thousands of South Africans leave the country each year to earn a better wage, enticed by the favorable remuneration packages being offered. Low tax rates or tax-free jurisdictions such as Dubai in the Middle East are strong magnets for South Africans where despite harsh conditions, long working hours and separation from their families, they are […]

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Dividend Tax hiked to 20%

April 30, 2017

Shareholders brace yourself, the dividend tax rate just jumped up from 15% to 20% as of February 22nd, 2017. The reason given by government was to reduce the difference between the combined statutory tax rate on dividends and the top marginal personal income tax rate. Does Dividend Tax apply to me? Dividend Tax is a […]

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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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Budget 2016 highlights – South Africa

February 26, 2016

Budget 2016 - South Africa

South African finance minister Pravin Gordhan delivered the 2016 Budget on Wednesday afternoon. It was never pegged as being an easy task given the tough economic times the country is experiencing and that any wrong move could result in South Africa receiving a “junk status” rating. He did however manage to avoid an austerity budget, […]

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Tax Compliance

September 30, 2015

Tax compliance

In the past, complying to tax laws has often been at the will of the tax advisor or the taxpayer. It has been a moral decision as to whether income is honestly declared or not. The problem with this is that so much is rooted in the attitude towards compliance. Often high tax rates are […]

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Income Tax Rates

March 27, 2015

income tax rates

Every year we post the income tax rates for the current tax season. This year there is possibly more reason to take note of the changes as during the recent Budget Speech it was announced that for the first time in 20 years, income tax rates would be increased. The first increase since 1995 sees […]

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Budget Speech 2015

February 25, 2015

Budget 2015

Our new finance minister, Nhlanhla Nene delivered his first budget speech earlier today with increases aplenty. In this article, we will touch on some of the highlights from the 2015 Budget speech that may affect you, looking at the good and the bad. Starting with the bad… Income Tax Increases Bad news if you earn […]

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