by Bionic Chartered Accounting | Mar 30, 2022 | Tax
“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities with the private sector…” (Preamble to the Employment Tax Incentive Act 26 of 2013 [ETI Act]) During...
by Bionic Chartered Accounting | Mar 30, 2022 | Tax
“Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list.” (Snoopy) According to some estimates, as many as 1,900 millionaires have left South Africa over the last few years. A New World Wealth Africa report...
by Bionic Chartered Accounting | Mar 30, 2022 | Tax
1 April Start of the 2022/23 Financial Year7 April Monthly Pay-As-You-Earn (PAYE) submissions and payments25 April Value-Added Tax (VAT) manual submissions and payments28 April Excise Duty payments29 April Value-Added Tax (VAT) electronic submissions and payments...
by Bionic Chartered Accounting | Feb 25, 2022 | Business, Economy, Financial, Tax
“Now is not the time to increase taxes and put the recovery at risk! Accordingly, we have decided to keep money in the pockets of South Africans.” (Finance Minister Enoch Godongwana) The 2022 Budget Speech brought some good news and welcome tax relief to personal and...
by Bionic Chartered Accounting | Feb 25, 2022 | Tax
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various...
by Bionic Chartered Accounting | Feb 25, 2022 | Tax
“Tax complexity itself is a kind of tax” (Max Baucus) NOTE: Bear in mind that although many of the resources mentioned below are addressed by SARS to you as a private taxpayer, there is just no substitute for professional advice and assistance when it comes to matters...
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