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Tax Implications of Gauteng Road Tolling
Due to the Gauteng Freeway Improvement Project every Gauteng commuter will be required by law to pay to use the freeway. The implications of this range far beyond driving for point A to point B, but will reach even the poorest of the poor’s pockets. Tax Director at Deloitte Billy Joubert has written a comprehensive [...]
Continue reading...South African Tax System Explained
4. September 2011
MoneywebTex recently posted an article that I would like to share with you, it is a brilliant piece written for people who don’t understand or just don’t want to understand how tax works. So here it is, enjoy: Suppose that every evening, ten men go out for beer and the bill for all ten comes [...]
Continue reading...Capital Gains Tax CGT – What is Capital Gains Tax
14. May 2010
In my series of buzz words and term classifications, I am looking at Capital Gains Tax today. What Capital Gains Tax is, who does it influence and how it works. For lack of a better description I have roped in the help of Wikipedia and found the following comprehensive explanation for Capital Gains Tax and [...]
Continue reading...Transfer Pricing Definition – What is Transfer Pricing
28. April 2010
After recently taking a position at one of the world’s largest financial services firms I’ve needed to hop on the internet many times to find out what something means or how it works etc etc. That has lead me to this post and a series of other to demystify some of the buzz words and [...]
Continue reading...Individual’s Tax 2010 Budget Predictions from Deloitte
17. February 2010
Deloitte South Africa this week launched their commentary on the South African National Budget for 2010 that is to be aired by finance minister Pravin Gordhan today. Their commentary includes some Budget Predictions of what the minister might be doing to get South Africa on the right track again and to regain some of the [...]
Continue reading...New Car Allowance Tax Laws for South Africans
20. January 2010
Major changes in South African tax laws with regards to how car allowances are taxed will take effect on the 1st of March 2010 which is making most upper level employees very nervous. Especially the government employees who’ve been riding the gravy train with their remuneration for travel purposes. Business day had this informative article [...]
Continue reading...SARS Tax Pocket Guide
4. January 2010
Being a South African citizen I know how difficult is can sometimes be to just know you PYE from VAT and so forth. SARS has developed the Tax Pocket Guide to make the process a lot simpler for anyone to understand, no experience required. Although the 2009/2010 budget year is pretty much over I do [...]
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6. November 2011
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