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Tag Archives: tax

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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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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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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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 Deadlines 2015

July 1, 2015

Tax Deadlines 2015

Every year we summarise some of the important tax deadlines that affect you as an individual or employer. Tax season deadlines for individuals In each tax season, you are required to submit your income tax return (ITR12). This document assists SARS in calculating the tax payable on your income as well as the tax that […]

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Disability tax benefits

April 30, 2015

disability tax benefits

If you are one of many South Africans who are living with a disability or who have a spouse or child with a disability, you may be eligible to claim all of your out of pocket expenses relating to the disability. What is considered a disability? In order to receive tax deductions from expenses relating […]

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