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Finance Minister Tito Mboweni (Image: russellrobertsphotography.com)

BUDGET 2019: The tax changes

Addressing parliament today, Minister of Finance, Tito Mboweni said in his maiden budget speech that fiscal prudence required some tax changes, adding that the tax measures for the 2019 Budget are designed to raise an estimated R15 billion in additional revenue in 2019/20.  (more…)

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Jaco Prinsloo

Comparing tax-free savings accounts with unit trusts

By Jaco Prinsloo, Financial Planner at Alexander Forbes Financial Planning Consultants. The close of the tax year is drawing near, meaning those wanting to make use of the tax-free savings account allowance have their last opportunity on February 28 to put money away in the current tax year. (more…)

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Minister Tito Mboweni

2019 National Budget predictions: An increase in the budget deficit?

By the tax team at Norton Rose Fulbright. In the last three annual budget speeches delivered by the Minister of Finance, we have seen increases in the following taxes: an increase in the VAT rate from 14% to 15%; an increased rate of personal income tax, referred to as the new super tax bracket of 45% […]

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Carrie Furman, tax specialist, Allan Gray

Is there any tax benefit in saving over the annual tax deductible amount towards retirement?

By Carrie Furman, tax specialist, Allan Gray. One of the key benefits of investing for retirement using a retirement fund is the generous tax deduction for contributions, subject to a maximum of 27.5% of the greater of your taxable income or remuneration, with an annual ceiling of R350 000. While most of us may find […]

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Mike Teuchert, National Head of Taxation at Mazars

Budget Speech 2019 could bring SA some good news

The upcoming National Budget Speech for 2019/20 could be a seminal moment for South Africa’s Treasury. The possibility exists that the country may see the impactful tax changes that have been made over the past two years, begin to bear fruit.  (more…)

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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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