Tax articles
Don’t forget these deductions when submitting your tax returns
Financial year end is approaching once again, and soon preparations will commence for personal income tax submission. Experts note that taxpayers frequently focus on remuneration in their tax returns, and forget about the deductions that could s...
Recent tax changes – how do they affect you?
In January this year, various amendments to the Taxation Laws Amendment Bill and the Tax Administration Act were announced. While some changes will benefit you, others could be to your disadvantage. Justmoney looks at how some of the recent chan...
Tax free savings accounts – Which offer you the best value?
This week Justmoney compares TFSA’s across the five banks mentioned to see which bank allows for the most savings potential and which is cheaper to utilise.
‘Tiered VAT system’ good alternative to zero-rating goods
South Africa ought to further investigate the benefits of a “tiered VAT system”, as opposed to zero-rating additional items. This is according to Kyle Paulsen, senior tax consultant at Mazars, who believes this could reduce the bur...
Genuine tax errors - don’t give SARS a reason to hunt you
Sometimes tax season can feel like hunting season – especially when it’s your first time filing taxes and you are still trying to make sense of what an “ITR12” is. Justmoney got in touch with two tax specialists to fi...
Tax on your retirement annuity: How much does the government take?
When you finally receive your Retirement Annuity (RA) pay-out and you notice the large tax deduction, your spirits cave. This week Justmoney found out how much tax you will have to pay on your RA, and why this is important.
Artificial sweeteners included in sugar tax
Since the start of April, sugar-free – but sweetened – beverages have also been taxed under the Sugary Beverages Levy (SBL).
The best and worst income tax rates: Where does SA rank?
With South Africa ranking among the countries with the highest tax rates, citizens may wonder what the grass looks like on the other side.
Do start-up entrepreneurs pay less taxes?
Once you kick off your flagship company, you will inevitably have to face the administrative woes of running a business – and this includes paying taxes. As an entrepreneur, how does this affect you?
Understanding Black Tax
Like many young, South African graduates, Ivy Shirinda carries the burden of Black Tax – an unspoken responsibility to support one’s family and extended family.
Funding universal healthcare in South Africa
The National Treasury confirmed during the Budget Speech that it will continue to fund the development of a National Health Insurance (NHI) over the next three years.
Possible tax non-compliance in religious sector
The South African Revenue Service (SARS) recently launched an investigation into possible tax non-compliance in the religious sector.