Oct 10, 2018 | Latest News, Tax | SARS Updates
In either August or September 490 B.C., the Greeks had a difference of opinion with the Persians at a place called Marathon. Said difference of opinion led to an exchange of blows which eventually led to the defeat of the Persian army. A soldier by the name of...
Jul 17, 2018 | Latest News, Tax | SARS Updates
The first life table was written by Edmund Halley in 1693. This was pivotal for the development of modern life insurance. Interestingly enough the whole process was started by religion and gambling. In 1654 a French nobleman and amateur mathematician by the name of...
Apr 3, 2018 | Latest News, Tax | SARS Updates
Read more: Income Tax Act | Section 13sex In 2015 C2M Chartered Accountants Inc. published an article on Income Tax Act, Section 13sex. By default C2M became experts and received numerous queries on this subject. This inspired C2M Director, Carel Steenkamp, to write...
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...
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...
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...
