Mail & Guardian
Mail & Guardian
income taxlatest news & developments

Never-before-seen IRS files reveal how the wealthiest avoid tax

ProPublica has obtained a vast cache of IRS information showing how billionaires like Jeff Bezos, Elon Musk and Warren Buffett pay little in income tax compared to their massive…

Judge Bernard Ngoepe (centre) answers questions at the launch of the Tax Ombud Annual Report in Menlyn, Pretoria. (Photo: Musa Rapuleng)

Tax Ombud saves South Africans millions of rands

But Ngoepe wants even more independence for his office

Given that the nation is technically in recession, the fiscus is under dire financial strain.

State failure hurts tax collection

For law-abiding citizens, paying taxes is a moral obligation that cannot be negated, irrespective of the levels of disillusionment with the government

It is clear that the effect of the increase in VAT on the poor will not be limited by the existing zero-rated items

No, minister. Increasing VAT was avoidable

Instead of hitting low earners hard, the budget should have raised wealth and corporate taxes

High earners an obvious target for tax hikes

A wealth tax would bring in an additional R10-billion for government spending, making the rich an easy target for Finance Minister Pravin Gordhan.

The Performative Urbanisms workshop will be looking for “a different take on Jo’burg”.

SA’s richest people live … where?

There are some big surprises in the most recent tax statistics, but there’s no escaping the endemic disparities in income everywhere.

South Africa has many macro-assets attractive to investors, such as a vibrant democracy, a relatively diversi?ed economy, abundant natural resources and a transparent legal system.

Solid performance puts more cash in tax office’s pockets

Sars’s total income for 2013-2014 increased by 10.6% to R900-billion, driven by increased personal income tax and VAT contributions.

New taxes Nene wants you to pay

There will be more than the results of the usual Christmas binge spending to cope with, come February.

Money collected from corporates still in decline

Money collected from corporates still in decline

Despite an increase in revenue collection, business income tax remains weak.

The top five questions for Sars

Here are the top five questions that the Sars call centre receives — along with the answers.

All about the new VAT201 form

From April 11 2011, all VAT submissions must be made on the new VAT201 form. Here’s the lowdown from Sars.

The end of SITE will hurt pensioners

Everyone will be taxed on the same basis in future, which means pensioners will lose their tax rebates.

Sars logbook for new tax year now available

If you’re claiming a travel allowance, take your odometer reading today.

Provisional taxpayers unfairly taxed

The SA Institute of Chartered Accountants is calling for amendments to provisional tax legislation because some taxpayers end up paying too much.

Should you be paying provisional tax?

If you’re unsure as to whether you’re eligible for provisional tax or not, read on.

The taxman cometh

The deadline for provisional tax is 31 January. Don’t miss it.

Donating to charity this season?

As it’s the season for giving, a lot of people are keen to make charitable donations. But what are the tax implications?

Swiss feel the heat on banking secrecy

Switzerland was feeling the heat on banking secrecy on Friday after the US stepped up its high-stakes tax probe against the biggest Swiss bank, UBS.

Why it’s best to beat the tax deadline

February 5 2009 was the deadline to submit your 2008 income tax returns. The penalties have increased significantly but you do have a grace period.