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Herschel-Alpert1

Sophisticated tax app launches in SA

An advanced tax app named hApp-e-tax has launched, offering everything accountants, auditors, tax practitioners, lawyers, those in business and students need to know about South African income tax legislation. It offers the core information related to the legislation and makes tax information easily accessible. (more…)

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TBI_Ian-Groenewald1

Still time to take advantage of Section 12J

The Section 12J tax dispensation is finally attracting investors, after several years of being a wallflower. According to SARS, for the tax year ending 28 February 2017, 724 investors took advantage of the incentive. This was a substantial increase compared to the 34 and 272 individuals for the 2015 and 2016 tax years respectively. Based […]

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Ruaan-Van-Eeden1

Are higher taxes on wealthy South Africans justified?

Talk of a potential wealth tax in South Africa has re-ignited the debate on the taxation of high net-worth individuals (HNWIs). For many taxpayers around the world, progressive taxes – in which the more one earns, the higher the rate of taxation – contradicts the principal of equality. In fact, it is this thinking that […]

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budgettaxsq

Taxpayers urged to give SARS no excuse to delay refunds

While an investigation by Tax Ombud Judge Bernard Ngoepe into the alleged delayed payment and even avoiding payment by the South African Revenue Service (SARS) of income tax and VAT refunds has found the complaints are justified, chartered accountants PKF Octagon advises that taxpayers should be wary and offer SARS no excuse to make justifiable […]

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Rita-Cool,-Certfied-Financial-Planner-at-Alexander-Fobes-Financial-Planning-Consultants1

Ending 2017 on a financially high note

Alexander Forbes Financial Planning Consultant, Rita Cool, offers some important financial advice on how to see out 2017. (more…)

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Leonard Willemse

Investment property owners must be aware of common tax pitfalls

By Leonard Willemse, Senior Tax Consultant at Mazars. Whether investing in property for long-term returns or for resale in the short term, taxpayers are often faced with the question of how their decisions affect their tax liabilities. The most common tax mistakes in property investment can be avoided by understanding three main aspects. Intention From […]

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Wesley Grimm, Webber Wentzel

Tax hikes are not the solution

By Joon Chong, Partner and Wesley Grimm, Candidate Attorney at Webber Wentzel. South Africa suffers from a trifecta of social challenges, namely: inequality, poverty and high levels of unemployment. This, when coupled with the state of economic stagflation, rampant government expenditure and bureaucratic paralysis is creating unprecedented fiscal pressure. (more…)

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budgettaxsq

South Africa performs ‘reasonably well’ in PwC tax report

Technology has reduced the tax compliance burden on business, but where will the demands for increased data lead? (more…)

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