Retirement Annuities As the end of the current tax year approaches, it may be a good time to consider an additional ad hoc contribution to your Retirement Annuity so that you can make the most of the annual maximum tax deductible amount allowed by SARS. Perhaps...
Finance Minister Malusi Gigaba’s maiden Budget Speech delivered on Wednesday, 21st February saw him make “difficult decisions” to address a revenue shortfall and to fund free higher education. Below is a note from tax expert Tony Davey on the highlights from the...
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 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...
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...
The South African Revenue Service (SARS) wants to help you pay for your retirement. The way in which they do this is by offering generous tax deductions when you make contributions to your retirement annuity (RA), pension or provident fund. On 1 March 2016, the tax...
