Dividends Tax – All you need to know… The Application of Dividends Tax Dividends Tax is applicable to all South African resident companies as well as non-resident companies listed on the JSE. Dividends Tax is borne by the shareholder at a rate of 20% (prior to 22 February 2017 : 15%), subject to any reduction […]
Medical Tax Credits – All you need to know… Understanding Medical Tax Credits This article will have a look at what Medical Scheme Fees Tax Credits are and what the 2022 / 2023 and 2023 / 2024 Medical Scheme Fees Tax Credit rates are. What is a Medical Tax Credit A Medical Scheme Fees Tax
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Claiming Home Office Expenses Background South African Revenue Services has over the years allowed the deduction of Home Office expenses in the determination of taxable income. Due to Covid-19, the work environment was forced to change, leading to many employees working from home, either on a full time or part time basis. South Africans could
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Donations Tax The Rate at which Donations are taxed Donations tax is calculated at a flat rate of 20% on the value of the donation up to R30 million, and at a rate of 25% on donations over and above R30 million. However, Sars makes provision for a donations tax threshold of R100 000 and below
