I. Join a Medical Aid Scheme If you contribute to a Medical Aid, you receive a fixed monthly tax credit which is a direct reduction of your tax liability. As the primary member, you receive this rebate for you and your dependents…
As we kick-start the tax filing season for individuals (1 July, 2021 – 23 November, 2021), many are wondering if they can claim home office expenses on their tax returns. We live in unprecedented times where most people are working…
Did you know that as an employer, you are required to provide the South African Revenue Service (SARS) with relevant data about the annual taxes you deducted from your employees’ payroll? Employers are obligated to declare and submit annual tax…
Growing up in the village, I have witnessed first-hand how the lack of funds for everyday necessities, such as food, water, access to proper schools and hospitals crippled the community. Most of the village kids, especially those whose parents had…
The ongoing pandemic, mounting debt and economic challenges exemplified by the growing unemployment rates will most likely affect the prospects for significant tax policy changes this year. Covid-19 has significantly increased government expenditure. To this end, the Finance minister is…