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Marc-Sevitz1

Top tips for provisional tax payers

The second provisional return for the tax year 1 March 2018 till 28 February 2019 is ‘backward looking’, says Marc Sevitz, co-founder of TaxTim. (more…)

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Floris Slabbert

Save money by topping-up your retirement annuity – or by investing today

As the end of the South African tax year approaches, you have the opportunity to get a contribution to your retirement savings from the government. One way to do so is by topping up your retirement annuity (RA) or by investing in a new RA if you haven’t yet. Not only will you reduce your […]

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budgettaxsq

12 things you need to know about the Section 12J tax incentive

By Jonti Osher and Dino Zuccollo, Westbrooke Alternative Asset Management, South Africa’s largest Section 12J manager Section 12J (s12J) is no longer a new alternative asset class. From relative obscurity, this investment option has gained significant traction among individuals and businesses seeking to reduce their tax liability as well as to find alternative sources of […]

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Michael Kirkpatrick

The benefits of maximising your RA contributions before tax year end

By Michael Kirkpatrick, Alexander Forbes Business & Distribution Enablement specialist. As the afterglow of the festive season fades, we turn our attention to planning for the next 12 months and beyond. This is a great time to reassess where we are in our journey to financial well-being. One of the key components to this is […]

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Test for a simulated transaction avoiding the payment of tax

By Patrick Bracher, Norton Rose Fulbright. A transaction is not necessarily a disguised one because it is devised for the purpose of avoiding liability for tax. If the parties honestly intend the contract to have the effect stated in the contract then the only question is whether there is liability for the tax or not. […]

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Treasury

New research on profit shifting and corporate tax avoidance

The largest 10% of multinationals are associated with as much as 98% of an estimated R7 billion tax loss. A new SA-TIED research study estimates that South Africa loses about 7 billion ZAR a year due to profit shifting by multinational corporations; amounting to about 4% of total current corporate income tax receipts. While this […]

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After tax returns

Does tax really matter when making investment decisions?

Tax rates have been rising for several years now. Personal tax rates have gone up, and even structures such as trusts and companies are now heavily taxed in their own right. (more…)

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budgettaxsq

Behavioural economics can help revenue services drive tax compliance

An analysis issued today by PwC’s Strategy& economists suggests that revenue services can enhance corporate tax compliance by placing humans at the centre of taxation. This comes at a time when the tax administration in South Africa is under pressure to regain public trust and strengthen tax morality. (more…)

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