“The more that energy costs, the less economic activity there can be” (Robert Zubrin) It has been 13 long years since we first experienced load shedding in 2007. Since then, businesses have lost thousands of hours of productivity and significant amounts of money to these “rolling blackouts”. The situation is not going to improve – […]
Category Archives: Tax
28
Apr
Apr
“The point to remember is that what the government gives it must first take away” John S. Coleman If it weren’t for the PAYE system, which forces employees to pay taxes as they earn their money, each of us would be liable for a lump sum payment of between 18% and 45% of our total […]
28
Apr
Apr
7 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May – Value-Added Tax (VAT) manual submissions and payments 28 May – Excise Duty payments 31 May – Value-Added Tax (VAT) electronic submissions and payments 31 May – Corporate Income Tax (CIT) Provisional Tax Payments where applicable Disclaimer: The information provided herein should not be […]
29
Mar
Mar
“Is there a phrase in the English language more fraught with menace than a tax audit?” (Erica Jong, American novelist) A number of recent tax developments strongly indicate that taxpayers will face even more intense scrutiny from SARS in this new tax year. Most recently, an additional R3 billion was allocated to SARS in the […]
29
Mar
Mar
7 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 April – Value-Added Tax (VAT) manual submissions and payments 29 April – Excise Duty payments 30 April – Value-Added Tax (VAT) electronic submissions and payments 30 April – Corporate Income Tax (CIT) Provisional payments where applicable. Disclaimer: The information provided herein should not be used or […]
26
Feb
Feb
“Hope is being able to see that there is light despite all of the darkness.” (Archbishop Emeritus Desmond Tutu) It was with a sense of trepidation that South Africans awaited the 2021 Budget Speech by Finance Minister Tito Mboweni. Still confronted with all the challenges that existed before COVID-19 – massive debt, lacklustre growth, unemployment, […]
26
Feb
Feb
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that remain unchanged – Source: SARS […]
26
Feb
Feb
5 March – Monthly PAYE submissions and payments 25 March – VAT manual submissions and payments 30 March – Excise Duty payments 31 March – VAT electronic submissions and payments 31 March – Corporate Income Tax Provisional Tax payments where applicable. Disclaimer: The information provided herein should not be used or relied on as professional […]
28
Jan
Jan
“The only thing that hurts more than paying an income tax is not having [an income on which] to pay an income tax” (Thomas Dewar) Provisional tax is not a separate tax but rather a method of payment used to collect in advance some of a taxpayer’s income tax payable for the year. SARS calls […]
28
Jan
Jan
5 February – Monthly PAYE submissions and payments 25 February – VAT manual submissions and payments 25 February – Excise Duty payments 26 February- Personal Income Tax Provisional Tax payments 26 February – VAT electronic submissions and payments 26 February – Corporate Income Tax Provisional Tax payments Disclaimer: The information provided herein should not […]