ARTICLES RELATING TO TAX

Waiting a long time for provident fund payment

2014-07-23 11:19

A Fin24 user is unsure why he has to wait such a long time for his provident fund to be paid out.

Impact of tax on savings

2014-07-17 17:11

An expert responds to a Fin24 user, who finds that interest on savings is taxed at a potentially high rate and interest rates available to savers are negative in real terms.

6 tips for tax filing

2014-07-16 13:17

The 2014 tax filing season has started and here are some tips to help you.

Sars to focus on certain areas this tax season

2014-07-01 21:05

Acting Sars commissioner Ivan Pillay warns that extra attention will be paid to certain parts of the tax filing process this year.

Capital gains tax or not

2014-06-25 15:23

A Fin24 user has invested in an offshore company trading on Wall St and wants to know when capital gains tax would apply, if at all.

Comments invited on new tax bill

2014-06-10 12:30

A bill dealing with changes to tax laws and regulations governing retirement funds has been tabled by the National Treasury for comment.

Britain becomes haven for US companies

2014-06-09 11:07

The UK says it is not a tax haven, but a Treasury spokesperson says recent changes to the tax rules are aimed at supporting "genuine business investment".

US hits China with new solar tax

2014-06-04 10:01

The United States has slapped new import duties on solar panels and related products from China, potentially inflaming trade tensions between the two countries.

What the youth subsidy means for your business

2014-05-16 17:05

The employment tax incentive will reduce the business’s cost of employment significantly, says an expert.

Amazon's UK tax much less than $7bn sales

2014-05-09 13:54

Amazon.com files accounts showing a UK tax bill of €10m, despite $7.3bn sales in Britain.

When your hobby becomes your business

2014-04-24 17:31

Having a creative idea for a business is not enough and failure to plan appropriately upfront may result in increased future tax costs, warns an expert.

Employee or consultant?

2014-04-23 15:09

A Fin24 user wants to know the tax implications of becoming an independent contractor.

Taxpayers must ensure Sars affairs are in order

2014-04-11 17:01

A Fin24 user was shocked to find out that she owes Sars thousands of rands and Sars emphasises that taxpayers must ensure that their taxes are in good order.

Portugal fights against tax evasion

2014-04-04 13:46

A state lucky draw, offering fancy cars on invoices issued with individual taxpayer numbers, has firmly grabbed the attention of the Portuguese.

Sars surpasses tax collection target

2014-04-01 17:12

The Revenue Service has collected R899.7bn the past financial year, surpassing its target of R899bn, says Finance Minister Pravin Gordhan.

Cuban law to attract foreign investment

2014-03-30 13:16

Cuba's National Assembly has passed a new foreign investment law that aims to bring badly needed capital to the communist economy by offering steep tax cuts.

'Inevitable glitches' ahead for the US

2014-03-26 08:42

A new US anti-tax evasion law, set to take effect on July 1, will encounter "inevitable glitches," says the head of the U.S. Internal Revenue Service.

Budget's impact on personal finance

2014-03-12 17:32

An expert explainsa how the National Budget impacts personal financial planning for the short and long term future.

Gallery

The increase to the retirement refund tax tables indicates that government is putting measures in place to allow South Africans to retire comfortably.

0 comments 0 Views

Huge tax incentive for retirees

2014-03-05 13:39

Old Mutual legal adviser Tristan Naidoo says the tax breaks announced in the budget speech by Finance Minister Pravin Gordhan for retirees is a big incentive.

Video

The increase to the retirement refund tax tables mentioned in the budget speech indicates that government is putting measures in place to allow South Africans to retire comfortably.

0 comments717 Views

Govt moots tax-friendly way to save

2014-03-05 07:37

The government is looking at introducing a savings vehicle with tax benefits to help people save for retirement.

Gallery

The Davis tax committee is tasked with, among other things, the hiccups in the tax collection system, explains Old Mutual senior legal manager Soré Cloete.

0 comments 0 Views
Video

The Davis tax committee is tasked with, among other things, the hiccups in the tax collection system, explains Old Mutual senior legal manager Soré Cloete.

0 comments194 Views
 

Does tax ruin your savings?

2014-07-20 14:38

Tax expert Prof Matthew Lester responds to a Fin24 user's experiences on savings in South Africa being difficult due to tax legislation.

EU VAT changes: 6 points you need to know

2014-07-15 08:41

The 2015 VAT changes in the EU will have a major impact on e-merchants and the e-commerce sector as a whole. This is what you need to know.

Sars wants to collect R1trn this tax season

2014-07-01 13:06

The SA Revenue Service intends collecting nearly R1trn during the 2014/15 tax season, which has kicked off.

EU probes Apple, Starbucks over tax rulings

2014-06-11 14:00

The European Commission has opened three in-depth investigations into tax decisions affecting Apple, Starbucks and Fiat Finance and Trade.

SA, US sign deal to curb tax evasion

2014-06-10 05:00

South Africa and the US has agreed to put into effect the Foreign Account Tax Compliance Act to promote transparency between the two nations on tax matters.

Samsung heirs face inheritance tax bill

2014-06-06 08:58

The heirs of ailing Samsung Group patriarch Lee Kun-hee face one of the biggest inheritance tax bills ever and appear to have little option but to pay up.

How to choose the right tax practitioner

2014-05-21 17:59

When using a tax practitioner, do not merely grab the first one you meet who says he knows how to file a tax return, warns an expert.

Swisspartners gets $4.4m fine over tax

2014-05-11 13:05

Swisspartners will pay a $4.4m fine to avoid prosecution over its past assistance to US tax dodgers.

Worried about paying unnecessary tax

2014-04-30 16:33

A Fin24 user, setting up a local office for an international company, is worried about paying more tax than necessary.

Why pay tax on a loan from a pension fund?

2014-04-24 16:26

A Fin24 user is surprised to find out that he must pay tax on an outstanding loan amount, taken from his pension fund, now that he has resigned.

Sars not fooled by 'independent consultants'

2014-04-23 14:34

A Fin24 user who was told by his company that he has now become an independent consultant is worried about tax implications.

Taxpayers can now turn to new Tax Ombud

2014-04-07 12:42

The new SA Tax Ombud can review and address complaints by taxpayers regarding service, procedural or administrative issues relating to their dealings with Sars.

Sars, Treasury to sign US double tax deal

2014-04-04 09:40

The National Treasury and the SA Revenue Service are discussing an inter-governmental agreement with the United States on a foreign tax compliant act.

Tax changes regarding retirement funds

2014-03-30 16:17

A Fin24 user wants to know if the tax implications relating to a retirement annuity is the same as those relating to a provident fund policy.

Accessing RA fund money

2014-03-26 13:16

A Fin24 user who is already retired wants to know about tax breaks and access to funds.

R2.59m tax question

2014-03-25 14:55

Tax advice for a Fin24 user who has just resigned from her employer.

Paying tax on a provident fund

2014-03-19 15:54

A Fin24 user wants to go on early retirement, but is not sure what the tax implications would be regarding his provident fund.

Huge tax incentive for retirees

2014-03-05 14:02

Old Mutual legal adviser Tristan Naidoo says the tax breaks announced in the budget speech by Finance Minister Pravin Gordhan for retirees is a big incentive.

Govt moots tax-friendly way to save

2014-03-05 13:45

The government is looking at introducing a savings vehicle with tax benefits to help people save for retirement.

Video

Old Mutual legal adviser Tristan Naidoo tells Fin24 the new tax breaks announced in the budget speech by Finance Minister Pravin Gordhan for retirees is a big incentive.

0 comments947 Views

Huge tax incentive for retirees

2014-03-05 13:30

Old Mutual legal adviser Tristan Naidoo says the tax breaks announced in the budget speech by Finance Minister Pravin Gordhan for retirees is a big incentive.

Video

The government is looking at introducing savings vehicle with tax benefits to make provision for retirement capital, Old Mutual senior legal manager Soré Cloete tells Fin24.

0 comments129 Views

Tax breather for SMEs on cards

2014-03-04 17:23

There is tax relief on the cards for small businesses as suggested by a tax committee, says Old Mutual senior legal manager Soré Cloete.

Budget update on medical scheme tax credits

2014-03-03 14:25

An expert explains how the latest National Budget affects tax credits for medical scheme contributions, including those of people over 65.

 
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