Explore the Category
The South African Revenue Service (SARS) seeks to update the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the two-pot system.
South African taxpayers who withdraw from their two-pot savings will only be paid after settling any outstanding tax debt, except where payment arrangements have been made with SARS.
Many taxpayers in South Africa are unaware of the valuable tax relief available for those supporting disabled dependants. Properly claiming these deductions can reduce expenses related to care, helping families manage the additional costs associated with providing care for individuals with disabilities.
In the 2023/24 financial year, South Africa’s VAT refunds hit an unprecedented R342.9 billion, reflecting a robust 7.5% increase year-on-year, as reported in SARS' latest annual report.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?