Tax Facts

Foreign Tax Clearance

Foreign Tax Clearance South Africa has faced many challenges over the past year such as the political environment, electricity crises, unemployment, etc. This has resulted in many individuals seeking to invest in other economies and the requirement for a foreign tax clearance certificate. We therefore deemed it fit to write an article about these applications…

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Dormant Company Returns

Have you filed your company’s income tax return? During late 2018 it was announced that SARS would target and impose administrative penalties on companies that have income tax returns outstanding. We are aware that many individuals register companies with the intent to trade or to be ready to trade but never actually start trading. As…

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Tax number reactivation

Need assistance to reactivate your income tax number? Having trouble doing this by reason of being out of the country? If you have answered yes, contact us to see how we are able to assist. With the advent of the global economy, many people have immigrated in the past while leaving their retirement funds in…

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Tax Brackets

A quick guide on taxes payable for tax year 2018/2019 and 2019/2020 in SA. Definition of taxable income: This is the amount used to calculate the amount of taxes an individual, company and/or a trust must pay over to SARS. Another way to express this is the total income less all deductions with the balance…

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FOREIGN INCOME EXEMPTIONS

  FOREIGN TAX INCOME EXEMPTIONS EXPLAINED This article was written by a tax practitioner specializing with individuals’ income tax returns. This piece of legislation is not straightforward, therefore this article gives information that can help with an objection. Foreign  Income Tax Employment Exemptions Explained in Detail If you have been asked by your South African…

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Should I file my own tax return?

Should I file my own tax return?   With e-filing being such a wonderful, fast and efficient system, many people ask whether they should file their own returns. This article is designed to provide the benefits and disadvantages of using a tax practitioner to file your income tax return and you filing your own tax…

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E-filing Versus The Branch

E-filing Versus The Branch Have you ever wondered what the benefits are to filing your return through e-filing rather than a local SARS branch office? This article is written by a tax consultant who has extensive experience with this matter and brings practicality to the article. Only possible when technology is available E-filing has many…

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How to get a tax refund

How to get a tax refund Many people are looking forward to 1 July each year as this is the date SARS usually open their systems for individuals to file their personal income tax return. Have you even wondered if your personal income tax return could have yielded a higher return? Ensure that you claim…

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Your travel allowance and SARS

This article is written by a tax practitioner with extensive experience in the field of individual taxation and brings practicality to this article. Does a travel allowance always lead to a tax refund? With taxation being so high in South Africa and with the many economic pressures of late, many are seeking ways to maximize…

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