This year, trusts may find themselves at a crossroads, balancing between opportunity and challenge.
As the government seeks to bolster revenue generation through increases in VAT and fiscal drag by keeping the tax brackets unchanged for two years, investors are ...
Tax bracket creep occurs when your salary increases due to inflation, but tax brackets are not adjusted accordingly.
Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The ...
Finance Minister Enoch Godongwana's upcoming Budget Speech is set to address crucial tax adjustments, AI implementation in tax collection, and international trade ...
FinScope data indicates that a considerable 30% of SMMEs owners today are 35 years or younger, underpinning the role that the youth play in building a resilient ...
South African socialite Shauwn Mkhize faces legal scrutiny as her home is raided by authorities over alleged unpaid taxes amounting to R37 million.
Proposed COFI Bill and tax model aim to reshape the R3. 36 trillion CIS industry and hedge fund sector for growth, transparency and investor protection.
This impressive figure, however, has come under scrutiny as it was R7. 9bn short of expected estimates, prompting discussions about the balance between efficient ...
Where their tax affairs are not in order, the consequences can range from a full SARS audit, SARS additional tax assessments being raised without prior knowledge, ...
A tax refund is forthcoming when the tax you paid during the tax year exceeds the tax actually due and payable.
Auto-assessments for an expanded pool of taxpayers will run from July 1 to 14, 2024.
Dividends received by shareholders in foreign companies, for instance, are taxable at a maximum effective rate of 20%.
In a statement, Sars said the 2023 year of assessment refers to the period between March 1, 2022 and February 28, 2023.
Send your queries and questions to personalfinance@inl. co. za. This month’s questions answered by PSG Wealth
Many importers, already frantically trying to meet end-of-year orders, will feel that the changes are yet another complication in what can already be a complex space. ...
A VAT increase has obvious benefits for the National Treasury, primarily in terms of generating additional revenue.
This comes after the National Treasury during the 2023 Medium-Term Budget Policy Statement (MTBPS) said that Finance Minister Enoch Godongwana will propose tax measures ...
An increasing number of South African taxpayers’ trust in the South African Revenue Service (Sars) has dropped, even though they said they believed that the quality ...
Section 155 of the Tax Administration Act specifies that Sars can deem you, as the representative taxpayer, responsible if, in their judgment you dispose of any ...