10 easy ways to save tax

10 easy ways to save tax

AUTHOR: STEVEN JONES No fancy schemes, loopholes, or expensive lawyers required—and it’s all perfectly legal PAYING TAX is a legal responsibility, but that doesn’t mean you can’t make the most of legal avenues to reduce your tax burden. Here are some of the easiest...
The ‘Big Three’ tax worries (Part 1: Cars)

The ‘Big Three’ tax worries (Part 1: Cars)

AUTHOR: STEVEN JONES There are three things that keep taxpayers awake at night.  One of them is cars. WHAT KEEPS taxpayers awake at night? Judging by the many questions that I’ve been asked as a tax practitioner over the years, there is a definite ‘Big Three’ when it...
Double Tax Agreements and pensions

Double Tax Agreements and pensions

AUTHOR: STEVEN JONES Paying tax once on your pension is bad enough.  Paying it twice is heartbreaking AS THE global workforce becomes increasingly mobile and retirees seek out international destinations for their golden years, the issue of cross-border taxation has...
Dissecting Budget 2.0

Dissecting Budget 2.0

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...
Declaring too much income to SARS?

Declaring too much income to SARS?

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...
One pleasant Budget surprise

One pleasant Budget surprise

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...