Entries by admin

Unsettling times ahead for employee tax and take-home pay

The 2019 election year brings the normal risk of some tax populist decisions, including much higher social grants. This will add to the fiscus’ pressure, desperate for additional tax revenues. Personal income tax, which is mostly collected from employees, is by far the largest contributor to tax in South Africa. The goose which lays the […]

International tax: It’s about the company you keep

When in Rome… Following a brief stint in central America to attend an international conference, I was privy to a difference in cultural practice as well as social customs that were to be observed. For example, in Santa Domingo, driving is a bit like organised chaos. If ever you’ve thought the driving and traffic in […]

Industry pleas for dialogue on capped foreign income exemption

Several organisations have submitted proposals relating to the foreign income exemption for the 2019 legislative cycle. National Treasury is sticking to its amendment to limit the tax-free income South African tax residents earn outside of the country to R1 million. Industry bodies are asking that the cap exclude benefits, which are “a necessity” in some […]

In troubled waters: Tax on the High Seas

Life is better on the sea Sometimes, those who have been living the corporate life decide to leave it all behind for a life working aboard luxury yachts. Some High school graduates take up the mantle of floating on seawater day in and day out in a gap year, but never depart the lifestyle. Either […]

Importers easy targets for unfair VAT treatment

Even the experienced importers are falling foul to failed VAT refund claims and disallowed input VAT deductions. 2018 has been a trying time for South African businesses; from the weakening of the rand, the hike of the VAT rate to 15%, and slow growth rate of the economy. The modern struggle for many businesses, however, […]