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

Category Archives: News

Latest news and opinions on financial affairs

How home office deductions impact Capital Gains tax

August 23, 2021

Remote working and flexible employment have really taken off in the last year and a half. Perhaps we can categorise this as one of the very few ‘pros’ we’ve seen coming out of the Coronavirus pandemic. This kind of employment involves workers working part or all of their time from an at-home office. Of course, […]

Read more

The Tax Implications of Leaving SA

July 5, 2021

In January of this year, the government signed the Taxation Laws Amendment Act, doing away with the distinction between residents and non-residents for exchange control purposes. What exactly does this mean? It means that the SA Reserve Bank is doing away with financial emigration, which involves accessing your retirement annuities before they are matured to […]

Read more

THE TAXATION OF CRYPTOCURRENCIES

May 10, 2021

You can’t deny that there is a lot of hype and interest about Cryptocurrencies at the moment. One of the loudest questions being asked right now is, are Cryptocurrencies taxed? Many South Africans have made millions with Cryptocurrencies recently and everyone is asking, is there a SARS Cryptocurrency tax? The answer is, yes, there is […]

Read more

2021 BUDGET SPEECH HIGHLIGHTS

March 2, 2021

On 24 February, Finance Minister, Mr. Tito Mboweni, delivered the National Budget Speech outlining the government’s priorities for 2021. Due to the COVID-19 pandemic, the government was forced to re-evaluate the economic outlook of the economy, and things have taken a challenging turn. Budget speech highlights include the expectation that the total consolidated spending would […]

Read more

INS & OUTS OF VAT FOR THE SOUTH AFRICAN BUSINESS OWNER

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 […]

Read more

HOW ARE YOU AFFECTED BY CAPITAL GAINS TAX?

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more

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 […]

Read more