by Taxation Compliance | Feb 26, 2016 | Taxation Blog | Juanita Roman
The Hon. Minister of Labour, NM Oliphant announced on 12 February 2016 in a Government Gazette (39683) that she intends to increase the amount of earnings under Section 83 (8) of the Compensation for Occupational Injuries and Diseases Act, 1993 (Act No. 130 of 1993)....
by Taxation Compliance | Feb 25, 2016 | Taxation Blog | Juanita Roman
Currently trusts are used as an important vehicle for estate planning, asset protection and tax structuring. Typically, assets are sold (at market value) to a trust and the purchase price is left outstanding as an interest free loan. In addition, no donations tax is...
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...
