Value Added Tax (VAT) Increase

Mar 20, 2018 | Latest News, Tax | SARS Updates

  Click here to download a copy of the 20018/2019 C2M In Your Interest Budget Summary         The value-added tax (VAT) increase from 14% to 15 % effective 1 April 2018 affects just about everything  and everyone. Except for 19 zero-rated food...

Travel Reimbursement | Amendments

Mar 19, 2018 | Latest News, Tax | SARS Updates

If your employer reimburse you for business travel, kindly take note of the amendments made on 1 March 2018. The 12 000km limitation has been removed and the rate per kilometre was increased to R3.61. This entitles you to receive a tax-free reimbursement based on...

SARS and Third Party Submission

Mar 6, 2018 | Latest News, Tax | SARS Updates

Third Parties (for example attorneys, medical schemes, fund administrators and estate agents) are required by law to send information to SARS via a return. This means that a bank, for example, must provide SARS data pertaining to interest paid on a savings account to...

Tax Planning for 2018/2019

Mar 6, 2018 | Latest News, Tax | SARS Updates

It is the beginning of a new tax year and the best time to start with tax planning. There are several deductions available that individual taxpayers should be aware of. Tax Free Investments: All major institutions have tax free investment products available. These...

Sin Taxes, VAT and the 2018/2019 Budget

Mar 4, 2018 | Latest News, Tax | SARS Updates

Brandy and Coke is without a doubt the most popular and most South African drink there is. Even the most refined Sauvignon sipping snob will seriously contemplate going over to the dark side after his third glass of wine. Excessive Brannas and Coke consumption either...