by Chris Herbst | Apr 13, 2016 | General, Top Articles
All contributions to pension, retirement annuity and provident funds can be deducted from the individual’s taxable income. The deduction is capped at a rate of 27.5% of the greater of remuneration and taxable income. In other words, if say your total pension...
by Chris Herbst | Jun 3, 2015 | Tax, Top Articles
Update: Article updated for the 2018, 2019 and 2020 tax year. The focus in the explanation below is on a person without tax knowledge that would simply like to understand what they are allowed to deduct for their tax. All the amounts used below are for the 2018 tax...
by Chris Herbst | Mar 5, 2015 | General, Tax
This speech of Minister Nene was highly anticipated and perhaps feared by some. There are varying opinions on the tax changes that have been implemented. It seems as if the main opinion of tax experts is that it was reasonable. I must agree, I do not see major...
by Chris Herbst | Jan 14, 2014 | General, Tax
Let’s start with why provisional tax exists. It is simply a way to spread the tax amount due by the person or company over a period of time. This is to ensure that a large amount of tax is not due when the relevant assessment has been completed. Basically it is...
