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...
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...
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....
