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What is VAT?

August 30, 2017

Most of us know that VAT stands for Value Added Tax and is currently levied at the standard rate of 14% in South Africa, but what exactly is this system and why is it in place? These are some of the questions we will review in this article to provide a better understanding of the […]

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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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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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Tax season – income tax returns

June 29, 2016

Must I submit an income tax return? Tax season is upon us and it is your responsibility to determine if you need to submit an income tax return to SARS in the form of an ITR12. In this article we will cover a range of points that will confirm your eligibility to submit an income […]

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The Value of Financial Accounting Statements

May 31, 2016

It is always surprising when a business fails to keep accurate financial statements. I see a failure to prepare financial statements in a considerable number of businesses, especially smaller ones. As financial statements provide such valuable insight into your business, I thought it would be a useful exercise to recap on some of the benefits […]

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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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Tax Brackets – Income Tax Tables 2016

March 16, 2016

With many people holding their breath for February’s Budget, it came as a relief when the South African Finance Minister revealed almost no increases to personal taxation rates and even a decrease for lower and middle-income brackets. Corporate tax also remained the same at a rate of 28%. Calculate Income Tax To calculate the tax […]

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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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Expatriate Tax Services

January 28, 2016

Expatriate services

We receive more and more requests each day from Expats requiring assistance with their tax, both from South African’s living abroad and foreign nationals. While we have covered Expatriate tax in two previous blog articles – Expat Tax Services and Expatriate tax in South Africa – I thought it may be valuable to list some […]

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