by Chris Herbst | Dec 13, 2021 | Crypto Tax, South Africa
SARS and Crypto Assets The South African Revenue Service (SARS) has set its sights on a new lucrative income source. For the last five years, we (CH Consulting) have been calculating crypto taxes for clients, it is safe to say we have performed more calculations in...
by Chris Herbst | May 30, 2021 | Consulting, General, Tax
Due to lockdown, many taxpayers will be allowed to deduct home office expenditure in the 2021 tax year. Previously a taxpayer may have worked in a home office after hours, but seldom would they have reached the 50% requirement. Due to lockdown, this picture has...
by Chris Herbst | Jul 17, 2019 | General, Tax
Please note that the below does not constitute formal tax advice. As part of the residence-based tax system’s implementation in 2001, Treasury introduced Section 10(1)(o)(ii) of the Income Tax Act. This section provides relief for South African tax residents...
by Chris Herbst | Dec 1, 2017 | Cryptocurrency, Top Articles
Please note that the information below is an opinion and cannot be used to rely on as formal tax advice. In order to obtain formal tax advice regarding your tax situation, please contact us directly for a consultation. For the lazy reader I start with a summary: It is...
by Chris Herbst | Jun 22, 2016 | Tax
This article will first explain the rational for the new system, then the difference with the previous system and finally on a practical note provide you with steps to obtain your tax compliance status on e-filing. The new Tax Compliance Status system will be managed...
