VAT – 15% – BTW

Value added tax - Belasting op toegevoegde waardeYou must register your business for Value Added Tax (VAT) if the total value of taxable goods or services is more than R1 million in a 12-month period, or is expected to exceed this amount.    A business may also register voluntarily if the income earned in the past… Continue reading VAT – 15% – BTW

Ekspats (belastings) vanaf 1 Maart 2020

  Baie van ons mense weet dit reeds.  Daar is tans belastingvrystelling vir Suid-Afrikaners: Indien jy vir 183 dae of meer in die buiteland is met ten minste een reis van 60 agtereenvolgende dae (nie van toepassing op skeepspersoneel nie), dan is die buitelandse inkomste wat buite Suid-Afrika verdien is ingevolge Artikel 10(1)(o)(ii) van die… Continue reading Ekspats (belastings) vanaf 1 Maart 2020

TAX – South Africa – 2019/2020

  Only 3 million people out of SA’s 56 million paid 97% of personal income tax in 2019.   One of the first paragraphs in the annual tax report published by National Treasury and the South African Revenue Service (Sars) gives one of the main reasons why public infrastructure is deteriorating and living standards for a… Continue reading TAX – South Africa – 2019/2020

Damage state capture

Tax commissioner Edward Kieswetter opens up about the damage state capture inflicted, saying it’s even worse than described in a recent damning report.   The Nugent report of the Commission of Inquiry into Tax Administration and Governance barely scratched the surface in documenting the extent of damage state capture has inflicted upon the South African Revenue… Continue reading Damage state capture

SA Government TAX Regering

  Get the corruption money back from all State entities, as well as officials, ministers and  elites, you can build a whole country with all the scandals since 1994.  . .. . .. . According to a tax expert, this is ‘giving Sars heart palpitations’ as it tries to make up billions of rands in… Continue reading SA Government TAX Regering

Value Added Tax – 15% VAT

VAT is now levied at the standard rate of 15% on the supply of goods and services by registered vendors, when you buy electricity or anything other equipment you pay 15% over to government or the agents.  When they broke into your property, stole it you have to reclaim it and repay again 15% VAT .… Continue reading Value Added Tax – 15% VAT

Amendment Acts – TAX – SA

  Any intended amendments to primary legislation are announced by the Minister of Finance in his annual Budget Review.    They are tabled by the Minister of Finance in the National Assembly as Amendment Bills and, after approval by the Standing Committee on Finance (National Assembly) and the Select Committee on Finance (National Council of Provinces), they… Continue reading Amendment Acts – TAX – SA

TAX (expatriates)

During 2017 the  National Treasury and SARS announced to consider major changes in the tax exemption on South African expatriates.   The legislative amendment is  set to come into effect on 1 March 2020.   It states that South African tax residents abroad will be required to pay tax to South Africa of up to 45% of their foreign… Continue reading TAX (expatriates)

Minerale regte, belasting en regering

Betaal is die "wet van Transvaal" MINERALE- EN PETROLEUM HULPBRONNE TANTIÈME Wat is nuut?  1 Oktober 2018 - Minerale- en Petroleum hulpbronne-tantièmeopgawe (MPR3) SARS het 'n nuwe vorm in werking gestel vir minerale- en petroleumhulpbronneopgawe en betalingsadvies. Die vorm is beskikbaar vir aflaai vanaf 1 Oktober 2018 en die bestaande MPRR-belastingpligtiges sal verwag word… Continue reading Minerale regte, belasting en regering

Belasting – Tax – Maatskaplik

Ons weet teen hierdie tyd waar kom belastings vandaan en waar 99% heengaan.   Die regering spandeer dit op verskeie plekke.  Een daarvan is maatskaplik.  Daar is tans meer as 17 miljoen toelaes wat uitbetaal word, wat bestaan uit kinders, ou mense en ander afhanklikes.  Daar was ook heelwat klagtes oor onwettige immigrante wat kom tou… Continue reading Belasting – Tax – Maatskaplik