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...
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...
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...
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...
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...