US expat tax filing, in partnership with TFX. Written by Veronica Rhodes. South Africa has recently enjoyed a reputation for diversity, prosperity, and stability in the continent. The country is often called the rainbow nation, and its multiethnic society encompasses…
There's a lot of talk near the end of each tax year about tax free savings accounts (TFSA). Social media is abuzz with photos and comments about maxing out the contributions. But what is a tax free savings account and what…
Tax filing season will soon be upon us. Not everyone is required by law to submit a tax return, but SARS does know where you live and most likely how much you earn, so they’ll be expecting their dues! Who…
As always, there was much hype and anticipation ahead of Finance Minister Tito Mboweni’s 2021 budget speech. The economic crisis, COVID, rampant corruption, and failing state owned enterprises. What would he do? Where will the money come from? More tax?…
It can be depressing when looking at the amount of tax we pay each month. More so when you consider that any extra money you make, through hard work and dedication, will also be taxed. You're not alone when wondering…
So what are investment policies? You know, those things that were sold to you about 30 years ago. Or if you're too young for that, the things that your parents took out when you were small. Probably to save towards…
Claiming for SARS medical expenses may seem complex, but it really isn’t! As long as you have your medical aid certificate (if applicable) and any qualifying medical expenses along with receipts, SARS will do all the medical tax credits calculations for…
Having recently discussed the building of an emergency fund, let's now look at the tax on your interest. Why don’t financial services companies tell you exactly what you’re going to get? In a world where performance is almost always the…
Capital Gains Tax for retirees and how it affects them when selling their homes after 30 or 40 years, when the property has greatly increased in value.
A look at how to get ready for tax season. First published in City Press but updated for current tax year. Tax season in South Africa always runs from 1 March of the previous year, to 28 February of the…
It’s not uncommon to change jobs every few years and at the same time think of cashing out your Provident Fund. It seems like a great way to access some “quick cash”, but is it really worth it? First appeared…
Read More Tax implications of cashing out your Provident Fund
There was much hype and anticipation ahead of Finance Minister Tito Mboweni’s 2019 budget speech. Knowing some of the major challenges the country faces many were interested to see how the Finance Minister would juggle the fiscus to address issues such…
