Income Tax
latest news & developmentsNever-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…
Tax Ombud saves South Africans millions of rands
But Ngoepe wants even more independence for his office
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
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.
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.
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
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.