News
Key tax implications of national budget for investments
12 Apr 2012
The 2012/13 national budget contains a number of tax implications for investments. This article gives an overview of the most important effects thereof on investments. Read more...
Thin capitalisation and transfer pricing
12 Apr 2012
Transactions across international borders are complex. Adding the tax effects of such transactions into the mix can turn them into a mine field. The domestic tax laws of each of the contracting states have to be considered, as well as the implications of a double tax agreement between the two states, if applicable. Read more...
Income Tax Act amendment regarding roll-over of capital gains tax
12 Apr 2012
Paragraph 51A of the Eighth Schedule of the Income Tax Act, introduced in 2010, pertains to companies and trusts being used to purchase residences to avoid the imposition of transfer duty. Read more...
New medical aid tax credits
12 Apr 2012
In an effort to achieve greater equality in the treatment of medical expenses across income groups, the medical scheme contribution deduction (limited to a prescribed capped amount) is replaced by a medical scheme contribution tax credit for taxpayers under the age of 65. Read more...
SAICA proposes changes to provisional tax laws
12 Apr 2012
The South African Institute of Chartered Accountants (SAICA) has proposed amendments to the South African tax laws pertaining to provisional tax. Areas of concern include underestimation penalties, retirement lump sums and severance benefits. Read more...
Citizenship in action
12 Dec 2011
Exceed and Tenk Loubser Inc. have joined the School at the Centre of Community (S@CC) project, an initiative to mobilize citizens and communities to partner with principals and teachers to educate the children of South Africa. This project is an innovation in the field of leadership development. Read more…
PAIA manuals to be submitted by end of 2011
12 Dec 2011
The Promotion of Access to Information Act (PAIA) requires all public and private companies to make specific information about the company, close corporation, private or public entity available on request. Read more…
Paying taxes on time pays off
12 Dec 2011
South African tax payers should pay the correct amount of tax on time because it is the right, legal and cheapest course of action. This is the advice of Mr M Hassan, Project Director at the South African Institute of Chartered Accountants (SAICA). Read more…
Minimise tax liability with tax-free earnings
12 Dec 2011
From 1 March 2011 increases in rebates and the so-called foreign dividend and interest exemption for individuals have enabled taxpayers to earn a reasonable amount before becoming liable for normal tax. Read more...
Job ads don’t have to be boring
12 Dec 2011
If your goal is to attract the perfect candidates, take another look at the copy of your employment advertisements. Below are some tips for writing great job ads. Read more…