by Doctor | Apr 13, 2023 | Tax, Tax Planning
introduction: When it comes to calculating tax deductions for contributions made to retirement funds, there are certain rules and limits that must be taken into consideration. In South Africa, SARS provides tax deductions for contributions made to pension funds,...
by Doctor | Mar 23, 2023 | Tax, Tax Planning
introduction: Retirement planning is an important aspect of financial management, and one of the most effective ways to save for retirement is through the use of various types of retirement funds. In South Africa, the South African Revenue Service (SARS) offers...
by Doctor | Mar 9, 2023 | Compliance, Tax
introduction: Provisional tax is a tax payment system used in South Africa to ensure that individuals and businesses pay their taxes in a timely manner. It is a payment made in advance of the final tax assessment and is based on an estimate of the taxpayer’s...
by Doctor | Mar 2, 2023 | Tax, Tax Planning
What is VAT: South Africa has a value-added tax (VAT) system that is administered by the South African Revenue Service (SARS). VAT is a tax that is charged on the supply of goods and services in South Africa and is levied at a rate of 15%. Why does VAT exist??? VAT is...
by Doctor | Mar 17, 2022 | Compliance, Tax, Tax Planning
introduction: Forex trading is not new, but the number of retail traders have increased exponentially over the last few years as technology has made it easier for people to get access to brokers. So what is the cost of doing business when you are a trader???? Is there...
by Doctor | Dec 2, 2021 | Tax, Tax Planning
introduction: Over the past few months, we have seen an increase in the use of cryptocurrencies and crypto assets, but what exactly is cryptocurrency or crypto assets? Furthermore, what is the tax treatment of these assets? What is Cryptocurrency:...
