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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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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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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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How to select a Durban accountant?

December 16, 2016

Dirmeik Consulting has recently expanded into KwaZulu-Natal and we wanted to offer advice for businesses looking for an accounting firm or tax consultant in the greater Durban area.     Accounting companies in Durban When looking for an accounting firm, it is human nature to first see if someone in your business circle can refer […]

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How to select the right tax consultant in Johannesburg?

November 29, 2016

Jozi, the city of gold and the richest province in South Africa. While Johannesburg’s gold rush has long passed, many still flock to Joburg for lucrative employment and business opportunities. For the businesses and individuals reaping the rewards of Joburg’s economy, it becomes increasingly important to find a quality accountant and tax consultant. In this […]

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Donations Tax

October 29, 2016

To continue our series of blog articles focusing on types of tax, we turn our attention to Donations tax. Most of us know the saying “It is better to give than to receive”. While that is true, it probably wasn’t taking into account the tax implications of giving which many are unaware of. If you […]

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PAYE – Employees Tax

September 28, 2016

We continue our look at the various types of tax and turn our attention to Employee’s Tax or PAYE in particular. Whether you are an employee at a company and are paying PAYE, or are starting a new company and want to find out more about PAYE for your staff, this article will clarify exactly […]

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Dividends Tax

August 29, 2016

Since April 1st 2012, Dividends Tax applied to dividends received from your investments. There is however a difference between dividends paid and interest earned from investments. In this article, we will touch on the difference between Dividends Tax and tax on interest earned. What is Dividends Tax? If you own shares and receive dividends from […]

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