Tag Archivestax

taxrefunda

Sars announces preliminary outcome of revenue collections 2016/17

For the second year in a row, SARS broke the Trillion Rand mark collecting, in gross terms, R1.367 trillion. The preliminary outcome for the 2016/17 financial year, net of refunds of R222.4 billion, is therefore R1.144 trillion.  This outcome is fractionally (only R300 000) above the revised estimate as announced in the 2017 Budget. (more…)

Read full story

Financial planning considerations when investing offshore

By Andrew Brotchie, MD of Glacier International. Investors wanting offshore exposure have various routes they can take – including rand-denominated funds and asset swap investments – but having decided to use discretionary savings to obtain direct foreign exposure, there are a number of considerations from a financial planning point of view that need to be […]

Read full story
Pravin Gordhan

Your tax bill is about to become more than a little taxing

Wealthy taxpayers were left gasping when Finance Minister Pravin Gordhan announced in parliament during his 2017/18 Budget Speech an increase in their marginal rate of tax by four full percentage points. (more…)

Read full story
Richard Carter_1-1

Bracket creep hits low to middle income earners

The 2017 Budget had some surprises, especially for the wealthy, with steep increases in income tax and dividend withholding tax. But the silent tax increase is the one to worry about. (more…)

Read full story
Sharon Machutchon Tax Consultant at Mazars1

How Treasury plans to take the money you earned overseas

The latest plans to tax overseas income could negatively affect the careers of many South Africans, according to Sharon Machutchon, Tax Consultant at Mazars. (more…)

Read full story
Business Concept

Unleash the business spirit of South Africa, dear Minister!

By Lesiba Mothata, Chief Economist, Investment Solutions The Davis Tax Committee, established by the National Treasury to look into domestic tax issues, solicited work from the World Bank – work which has preoccupied the imagination of many since its publication a few weeks ago. (more…)

Read full story
Eugene du Plessis

What can South Africans expect from the 2017 budget?

Eugene du Plessis, director and leader: Tax at Grant Thornton believes that Budget 2017 may well be the year for an increase in the VAT rate. (more…)

Read full story
Tertius Troost1

The calm before the storm

With just weeks to go before the 2017 Budget Speech, attention is shifting to possible tax amendments expected to be implemented in the new tax year, says Tertius Troost, Tax consultant at Mazars. (more…)

Read full story