Welcome to our Accounting, Tax & CIPC Blog
Welcome to a new addition to our website! These Blog articles have been written to enhance general understanding of Taxation in South Africa. We make every attempt to provide examples of the relevant sections in the Income Tax Act rather than merely quoting from the Act which, in many instances, could confuse (and frustrate) the general taxpayer. Please leave any suggestions or comments to help us enhance the quality and any value gained from reading our Blog – we will regularly publish or update relevant articles which may assist you in better managing your tax affairs.
We have many years of knowledge and understanding of each of the articles in our Blog, so if you need help, or need advice, please contact us.
CIPC Beneficial Ownership Declaration – All you need to know
CIPC Beneficial Ownership – All you need to know… What is Beneficial Ownership [BO]? Beneficial Ownership (BO), in terms of the CIPC, is the identification
Auto-Assessments – All you need to know
Auto-Assessments – All you need to know… Requirements to qualify for an Auto-assessment and the process to be followed: An auto-assessment is an option exercised
Value Added Tax
This article covers the responsibility of businesses to register for Value Added Tax [VAT] in South Africa, and more specifically mandatory VAT registration, the process
Dividends Tax
Dividends Tax – All you need to know… The Application of Dividends Tax Dividends Tax is applicable to all South African resident companies as well
Medical Tax Credits
Medical Tax Credits – All you need to know… Understanding Medical Tax Credits This article will have a look at what Medical Scheme Fees Tax
Home Office Expenses
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
Donations Tax
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
Understanding Provisional Tax
What is Provisional Tax Provisional tax is a system of paying income tax in advance, typically used by individuals or businesses with income that is