by MD Streets | Feb 12, 2025 | Taxation Blog | Juanita Roman
“Death, taxes, and childbirth! There’s never any convenient time for any of them.” (Margaret Mitchell) What is provisional tax? Provisional tax allows corporate and individual provisional taxpayers to pay their annual income tax in advance by making two or three...
by MD Streets | Feb 5, 2025 | Taxation Blog | Juanita Roman
Your Tax Deadlines for January 2025 07 January – PAYE submissions and payments. 20 January – End of Filing Season 2024 for Provisional taxpayers & Trusts. 24 January – VAT manual submissions and payments. 30 January – Excise duty payments. 31 January – VAT...
by MD Streets | Feb 3, 2025 | Taxation Blog | Juanita Roman
Maximise your company car or travel allowance with a detailed logbook If you have received a travel allowance or have driven a company car during the 2025 tax year, you need to record your mileage reading as of 28 February 2025. It is compulsory for taxpayers who...
by MD Streets | Feb 2, 2025 | Taxation Blog | Juanita Roman
Donations Donations made during your lifetime do not form part of your personal estate on death. Annual donations made by you up to R100,000 are exempt from donations tax – If you and your spouse each donate R100,000 per tax year to your Family Trust, your...
by MD Streets | Feb 1, 2025 | Taxation Blog | Juanita Roman
With the upcoming Budget on 19 February 2025 and the end of the individual’s tax year looming on 28th February 2025, the following comprehensive year-end tax planning guidance and “tax saving tips” can help you to minimise your tax burden and protect your wealth. The...
by MD Streets | Jan 21, 2025 | Taxation Blog | Juanita Roman
We are in the process of preparing the second provisional tax returns for the 2025 tax year – due for submission to SARS by 28 February 2025. We would therefore appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your...
