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Proposed new tax credit system makes medical aid schemes more accessible to lower income earners

07 March 2012 | Tax

Changing the tax treatment of contributions to a medical scheme from a tax deduction system to a tax credit system will make medical scheme membership more financially accessible for low-income earners.

Tax Reforms: complexities still need to be addressed

23 February 2012 | Tax

The Finance minister confirmed that government intends reforming the taxation of retirement funds, with the aim of simplifying the system. The proposals are summarized as:

Three taxation changes that will affect your clients

23 February 2012 | Tax

At 2pm, 22 February 2012, the Minister of Finance stepped to the podium to deliver South Africa’s 2012 National Budget. Pravin Gordhan’s address included sweeping references to the state of the global economy, the outlook for domestic growth, the need to

Outstanding Budget items that could be included in 2012

20 February 2012 | Tax

Several outstanding items from previous Budgets that haven’t seen the light of day could be included in 2012. In the 2010 Budget speech, for example, there was a brief mention about the estate duty system and its cost to SARS in light of its limited be

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