Taxation

This article explains what “good standing” actually means, how SARS measures it, and how to keep it.

Being a small business owner can be challenging, and comes with a multitude of responsibilities.

The thought of personal income tax can stir up a sense of anxiety for most individuals,particularly because of the complexities surrounding tax legislation.

In 2020, The South African Revenue Service (SARS) started implementing the SARS auto-assessment system to simplify the tax filing process for individuals.

Regulations on taxes are continuously changing, and if you want to make sure you stay compliant, you need to stay updated on the latest developments.

Starting from January 1, 2024, the Research and Development (R&D) tax incentive is getting a slight makeover. These amendments aim to simplify the process, hopefully spurring even more innovation across our vibrant economy.

Research and Development (R&D) is a term used to describe the systematic activities companies undertake to innovate and introduce new products or services or to improve their existing offerings.

Everyone deserves a break. Especially when you are facing the daunting prospect of tax season around the corner, but fear not, for there’s a silver lining called tax rebates!

Section 13sex of the Income Tax Act outlines specific criteria and conditions for deductions related to new residential units and improvements.

If you’re a citizen who earns income from foreign sources, it’s important to understand your tax obligations.