Tax Talk Thursdays: Rental Income

Tax Talk Thursdays: Rental Income

Notice from SARS: The South African Revenue services (SARS) has issued a statement advising all South African property owners that the rental income they receive must be declared in their income tax returns. The statement essentially means that any person who has...
Tax Talk Thursdays: Employees’ Tax (PAYE)

Tax Talk Thursdays: Employees’ Tax (PAYE)

What is a PAYE: Employees’ tax is the tax that is required to be deducted by an employer from an employee’s remuneration that has been paid or is payable. This process is known as PAYE (Pay-As-You-Earn).   How is PAYE calculated: Periodic tax basis: This method...