What exactly is the deal with Foreign Employment Income?

From news articles circulating to queries from clients, the question on everyone’s lips is:  What exactly is the deal with Foreign Employment Income? The National Treasury has proposed removing the foreign employment income tax exemption for South African residents....

Frequently asked questions regarding your 2017 annual tax submission

Frequently asked questions regarding your 2017 annual tax submission The 2017 tax filing season starts on 1 July 2017 and is expected to close towards the end of November 2017. You may need to submit an income tax return to the South African Revenue Service (SARS) for...

THE MOST IMPORTANT ASPECTS OF THE 2017 BUDGET

Finance Minister Pravin Gordhan’s budget speech struck the right balance between finding room to fund government’s revenue shortfall and ensuring the majority of the population benefits from a fair tax dispensation, – says Trurman Zuma, Chief Executive of Sanlam...

Exciting changes for retirement funds from T2017

Exciting changes for retirement funds from T2017 New rules, legislated by the Taxation Laws Amendment Bill of 2015, which are designed to harmonise the tax treatment and annuitisation requirements for all types of retirement funds (ie pension, provident and retirement...