by Taxation Compliance | Feb 25, 2016 | Taxation Blog | Juanita Roman
Yesterday’ s Budget Speech included an increase in Capital Gain’s Tax rates for individuals from 33.3% to 40% and companies (years of assessment commencing 1 March 2016) and trusts from 66.6% to 80%, meaning that from 1 March 2016 an individual’s effective CGT payable...
by Taxation Compliance | Feb 24, 2016 | Taxation Blog | Juanita Roman
The tax related budget proposals were announced by Pravin Gordhan, the Minister of Finance, on 24 February 2016. Click here to view the summary. Look out for our electronic 2016/2017 tax guides and our handy pocket booklets being released shortly.
by Taxation Compliance | Feb 18, 2016 | Taxation Blog | Juanita Roman
Retirement reform deferral It is with great concern that SAICA notes that the Minister of Finance has proposed a two year deferral of part of the retirement reform. Further clarity will be sought as we are especially concerned about the interim proposals including...
by Taxation Compliance | Feb 11, 2016 | Taxation Blog | Juanita Roman
We have seen a significant increase in South African Revenue Service’s (SARS’) performance of audits as provided for in the Tax Administration Act of 2011 and other tax legislation. According to the 2013/2014 SARS Annual Report, SARS conducted in excess of 1.8 million...
by Taxation Compliance | Feb 11, 2016 | Taxation Blog | Juanita Roman
Background You will be aware from our recent articles and extensive coverage in the press that the recent budget finalized the enabling legislation for Tax Free Savings Accounts. We believe that this presents a great wealth planning opportunity for many of our...
