Tag: Tax
Work from home claims need to be carefully considered, taxpayers warned
The South African Revenue Service (SARS) has urged taxpayers to carefully consider working from home expenses before submitting claims to the revenue collector.
SARS recently published an update on its website in...
Tax changes planned for cigarettes and alcohol in South Africa – but they could...
In its February 2021 budget, the National Treasury announced an 8% increase in alcohol and tobacco excise duties.
This excise increase appeared to be driven by a desire to grow government revenue,...
Oceana maintains growth trajectory in tough year
AFRICA’s largest fishing company has continued its growth trajectory started three years ago, reporting profit before tax up by 5%, headline earnings per share up 4%, and earnings per share up...
How to stop being a tax resident in South Africa, according to SARS
The decision of whether an individual ceases to be a tax resident in South Africa is based on a number of both objective and subjective factors, says the South African Revenue...
Time for wealthy taxpayers to look offshore?
‘WE owe a lot of people a lot of money.’ That blunt, ominous statement by Finance Minister Tito Mboweni in his 2021 budget speech shows the deep financial hole the South African economy is...
Some truly acrobatic thieves leapt on the gravy train
The notion that profit is theft is popular in some quarters. It’s the insult often hurled at the business community when alleging that the free market is a skewed economic system....
Tax on booze, fuel & cigarettes hiked while income tax stays put
The 2021 annual budget speech by the finance minister took place in Cape Town on February 24 2021. All eyes were on Tito Mboweni as South Africans were looking forward to...
Tax hikes you are likely to see next week – and those you won’t
Analysts and economists are detailing their predictions for finance minister Tito Mboweni’s budget speech on 24 February, with a particular focus on taxes.
The February budget typically centres around the government’s revenue...
SARS warns of new scam targetting taxpayers
Taxpayers are urged to be extra cautious this festive season, as a new scam has emerged in which fraudsters are exploiting desperate victims for financial gain.
In a statement, the South African...
Theft with impunity
The Bee in my Bonnet Column. By: Robin Hayes (Editor at CBN)
The editor laments…
LIVING in South Africa, like every other place on earth, with the possible exception of Beirut, has its...
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