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The VAT increase and the sale of residential property

04 April 2018 | Tax

An increase in the Value Added Tax (VAT) rate to 15% will come into effect on 1 April 2018. Generally, the sale of residential property is subject to transfer duty, however, if a seller is a VAT vendor, such as a property developer, VAT may be payable. How will the VAT increase effect the sale of residential property, where a property is purchased before 1 April but transfer only occurs after the date of the increase?

Tax-free investments : What’s holding South Africans back?

28 March 2018 | Tax

In 2015 the National Treasury looked to incentivise South Africans to save more by providing a rebate on a variety of Tax-Free Savings vehicles. A study by Finscope, a research tool used to assess the utilisation of financial services around the world, revealed that 69% of South Africans had access to formal financial services in 2017, showing a marked increase in financial inclusion.

How will a 1% point increase in VAT impact the cost of credit for the average South African household?

27 March 2018 | Tax

With 1 April just around the corner, many South African households are concerned about the impact of the 1% increase in Value added tax (VAT) on their standard of living and their ability to save and transact freely.

Get a bigger chunk back from the taxman

27 March 2018 | Tax

Your best defence against the VAT increase is to become tax savvy.

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