Posts Tagged: tax

2021 Budget Summary

South Africa 2021 Budget Summary

It’s sometimes hard to believe that the Covid19 pandemic has been with us for over a year now, but here we are, and the 2021 Budget Speech is upon us once more. Like majority of governments around the world, footing the bill to cover the vast amount of expenses that have racked up due to… Read more »

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Budget Summary 2020

National Budget Speech Summary 2020

Finance Minister Tito Mboweni stepped up to the lectern with his Aloe Ferox plant in hand today, to deliver to the nation the annual Budget Speech, setting out the government’s plan for its finances for the year ahead. “The Aloe Ferox survives and thrives when times are tough. It actually prefers less water. It wins… Read more »

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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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Financial Emigration

South African Financial Emigration

Recent reports have shown that there has been a noticeable uptick in the number of South Africans looking to emigrate, but many don’t know how to go about the financial side of things.  While many think that they can simply pack up and go and just “send the money”, the reality is not as straightforward…. Read more »

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VAT

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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exchange of information

The Common Reporting Standard & South Africa

In June 2017, South Africa joined many other nations committed to providing information for the Common Reporting Standard (CRS) as developed by the Organisation for Economic Co-Operation and Development (OECD) in an effort to combat global tax evasion. Tax evasion and avoidance has become a global issue and governments are taking action to combat this trend… Read more »

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South African Budget Summary 2017/18

Yesterday Minister of Finance for South Africa, Pravin Gordhan delivered his annual Budget Speech, focusing on the 2017/18 year ahead. In his address, he spoke of Government’s plan for growing a stronger economy and having a budget that can thrive and deliver to the country’s citizens over the long term. Expected economic growth this year… Read more »

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politics tax south africa

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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