Explore the Category

The great vanishing act: no more one month’s tax-free relocation allowance

13 December 2017 | Tax

For as long as can be remembered, the South African Revenue Services (SARS) has always allowed one month’s salary as a tax-free allowance that was offered to employees who were being relocated. This was typically used to cover expenses such as curtains, internet connections, water and electricity connections, news school uniforms, vehicle registration fees to name but a few.

Tax deductions attract investors to new Fairtree Capital Hospitality Fund

22 November 2017 | Tax

Section 12J of the Income Tax Act was created specifically to encourage taxpayers to invest in local small and medium sized enterprises. True to their entrepreneurial spirit, Fairtree Capital has launched the Fairtree Capital Hospitality Fund( “the Fund”), a South African investment vehicle that enables investors to participate in the fast growing hospitality sector whilst enjoying legislated tax breaks.

The canary in the coal mine for taxpayers

21 November 2017 | Tax

With the November tax deadline looming, it is almost needless to warn taxpayers of the torrid tax season awaiting them. It is by no means a State secret that there is an increasing exigence for SARS to collect taxes and the grim picture painted by the mid-term budget is an omen of the coming assault.

What to do if you’re running late submitting your tax? Tax deadline: 24 November

16 November 2017 | Tax

24 November 2017 is the most important date on the calendar for taxpayers, as this is when most taxpayers have until to file their annual tax returns. Each year, more than two million taxpayers leave filing their tax returns to the last minute and hope to get them in before midnight on that last Friday in November.

quick poll

Question

If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?

Answer