Mboweni's exceptional business tax measures to combat coronavirus impact

2020-03-29 16:34

Minister of Finance Tito Mboweni has announced a number of "exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa to fight the coronavirus pandemic.

Taxpayers invested about R1.6 billion in Section 12J projects

2020-03-11 19:09

Interest in Section 12J has grown each year, with the current financial year being no different, says Jonty Sacks, a partner at Jaltech.

Experts on expat tax: Too little, too late, Tito

2020-03-01 17:17

Budget 2020 includes 'a desperate attempt' to change the minds of those South Africans changing their tax residency to avoid expat tax, two experts say.

A new anti-emigration plan will soon make it easier to move up to R10 million out of SA

2020-02-28 05:52

Finance minister Tito Mboweni said “financial emigration” will be phased out by March 2021.

Expat tax: What to know about double taxation, your tax status and SARS penalties

2020-02-22 13:43

Amendments to SA's tax law mean SA tax residents working abroad will only be exempt from paying tax on the first R1 million they earn abroad.

Hefty jail sentence for Cape tax fraudsters as SARS tightens the screws

2020-02-21 18:26

Two Cape Town businesspeople have been sentenced to 16 and 17 years direct imprisonment for 487 counts of tax fraud, racketeering, money laundering and corruption, SARS said on Friday.

OPINION | Do your homework: how to assess potential Section 12J investments

2020-02-20 07:00

A 12J investment is available to individuals, companies and trusts and is 100% tax deductible in the year of investment. Dino Zuccollo offers some advice on how to determine which one to select for investment.

Expat tax is kicking in soon - here's what you should know

2020-02-11 06:00

If you are a South African working abroad and still a tax resident in SA, the so-called "expat tax" will come into effect from 1 March, 2020. Here's who it will impact most, and how.

Experts say the Section 12J incentive is misunderstood - we asked them to explain

2020-01-31 06:00

Many investors do not fully understand the tax incentive and structure of a Section 12J venture capital investment, according to a managing director involved in this sector.

Ramaphosa has signed 5 key tax and revenue-related bills - here's what that means

2020-01-21 05:00

President Cyril Ramaphosa last week signed five bills relating to tax administration and other division of revenue proposals for the 2019 fiscal year.

 

Sars will now let you claim up to R452 per day for food and related work expenses

2020-03-12 06:37

International work-related travel expenses have remained unchanged, but own-car travel rates have increased.

Expat tax: not all will be affected, cautions Fin24 reader

2020-03-02 17:39

Changes to the South African tax law relating to so-called "expat tax" will only impact those who are regarded as SA tax residents as defined by the Income Tax Act.

SARS hails businessman's court loss as boost for tax compliance

2020-02-28 21:06

Tax crime is not a victimless crime, says SARS Commissioner Edward Kieswetter.

Budget 2020 a boon for first-time homeowners, say experts

2020-02-27 05:01

Finance Minister Tito Mboweni has announced that transfer duty will no longer apply to properties that cost R1 million or less.

OPINION | Know your enemy, Minister Mboweni - don't make the innocent plug the tax gap

2020-02-22 08:15

Minister Tito Mboweni may be tempted to increase sin tax in a bid to plug the tax gap. He shouldn't.

12 tips for taxpayers to better understand section 12J investments

2020-02-20 16:18

By the end of February, most taxpayers are looking for every opportunity to reduce their tax liabilities.

Does Treasury have room to manoeuvre?

2020-02-17 18:54

A tax expert takes a closer look at where there could be scope for Minister of Finance Tito Mboweni to make up the shortfall.

SARS will now use artificial intelligence to make ‘it hard and costly’ to dodge tax

2020-02-06 05:21

SARS said it would also modernise its system to provide a streamlined offering to the public.

Stifling Section 12J investment is a bad move, warn experts

2020-01-25 16:59

Experts have criticised a proposed tightening of legislation intended to crack down on abuse of the Section 12J tax incentive, saying it could stifle growing SMEs just as the incentive begins to deliver results.

Here's what SA financial experts would do with R10 000 in 2020

2020-01-13 06:00

Fin24 asked financial experts how they would grow R10 000 in the new year. Here's what they said.

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