National Budget Speech Summary 2019
This week the Minister of Finance delivered the annual Budget speech for South Africa’s year ahead. In his speech, the Minister, Tito Mboweni placed emphasis on ridding the government of rot in order for new growth to take place – a clear indication that the ruling party are trying their best to clean up the… Read more »
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VAT & Property
Recently, after much speculation, then Finance Minister Malusi Gigaba (now replaced by Nhlanhla Nene) announced a raise of the percentage of Value Added Tax (VAT) from 14% to 15%, effective from the 1st of April 2018. While many wonder whether this is the way forward, it should be noted that VAT hasn’t had an increase… Read more »
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Transfer Duty, Withholding Tax & Capital Gains Tax (CGT) 2017
With the announcement of the annual budget towards the end of last month, Minister of Finance, Pravin Gordhan focused on key issues of reducing government spending and working towards radical economic change. While the main interest for most of us was the rise in Income Tax, for those looking to purchase or sell property it… Read more »
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The Politics of Tax
The art of taxation is in plucking the most feathers from the goose without the goose hissing – J B Colbert Over the past number of years taxpayers have been frustrated by how government collects revenue and by how it has introduced financial policies that are implemented by the revenue department. While no excuse can… Read more »
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Tax: 2015 & Beyond
Albert Einstein is accredited with stating that the hardest thing in the world to understand is the income tax.
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