by Forvis Mazars South Africa | Apr 3, 2025 | Tax Breaks
AUTHORS: ALTHEA SOOBYAH, ELMIEN THERON, ETIENNE LOUW, and ROBIN GALLOWAY VAT increase watered-down; not much else to get excited about Overall impression ONE OF the biggest issues with the budget every year is that South Africa is not investing in...
by Steven Jones | Apr 3, 2025 | Tax Breaks
AUTHOR: STEVEN JONES It sounds crazy, but it happens more often than one would think… MANY A taxpayer has experienced the wrath of SARS when failing to declare all of their income. The penalties for non-declaration of income are severe—up to 200% of the...
by Herschel Jawitz | Apr 3, 2025 | Tax Breaks
AUTHOR: HERSCHEL JAWITZ Transfer duty thresholds adjusted, helping potential home-buyers SURPRISINGLY, THE transfer duty tables have been adjusted to account for property price inflation, which is good news for buyers. For a start, the threshold below...
by Steven Jones | Mar 26, 2025 | Tax Breaks
AUTHOR: STEVEN JONES When can the provisions of a trust deed be set aside? When you don’t stick to the rules FAR TOO many people pay their accountant or attorney a visit, draw up a boilerplate trust deed, sign on the dotted line, and think that this...
by Steven Jones | Mar 26, 2025 | Tax Breaks
AUTHOR: STEVEN JONES Do you have a complex transaction, and don’t know which way SARS will go? Ask them upfront! MANY ENTITIES enter into complex transactions where the tax issues are not cut and dried, but the risk of SARS ruling against them is too...
by Steven Jones | Mar 22, 2025 | Tax Breaks
AUTHOR: STEVEN JONES When they make sense, and when they don’t WHENEVER ONE makes any financial decision, there are many factors that need to take into account. Tax is one such factor. That said, many people have such a visceral dislike for paying tax...
