TaxTim's Blog
Rebate FAQs
What is a rebate? A rebate is an amount by which SARS takes off the actual taxes owing to them. SARS will calculate the amount of tax that you owe to them,
Read moreAudit FAQs
What is the meaning of an audit? What is an audit from SARS? SARS audit What is a SARS audit? Being audited just means that SARS could be doing a random selecti
Read moreDonations FAQs
Are donations to political parties’ tax deductible? They are deductible if the political party is a registered Public Benefit Organisation/Not-For-Profit a
Read more
2017/2018 Budget - The rich are going to pay more, but what does that mean for the rest of us?
Personal Tax Rates (rates below) Individuals across the country, those qualifying above the new tax threshold of R75 750 (previously R75 000) will be
Read moreDepreciation FAQs
What constitutes wear and tear? What is depreciation? What is the depreciation limit? Wear and Tear or Depreciation is the decrease in value of an asset. SARS al
Read more
6 Reasons Accounting Records Are Critical to Your Small Business
You’re an entrepreneur. A wildly innovative individual. An ideas person. A make-things-happen person. A real go-getter. Passionate about your business and
Read more
Special Stopper at SARS: What We Know For Sure
Over the last few weeks, our helpdesk has received an alarming number of queries from taxpayers asking what they can do as their refunds are being held bac
Read more5 Great Reasons to File Your Tax Return Early This Year
Are you the type of person dashing into the store to grab a birthday gift en route to a party? Or perhaps you’ve found yourself scratching through your
Read moreThe Smart Way to Save Tax when Renting out a Property
Taxpayers who earn rental income from a second property of theirs often don’t know what they need to do when it comes to declaring this income to SARS. So
Read more2016 Budget Speech: Welcome Back, Minister! You Couldn’t Have Returned Just for the Free Lunch?
The 24th of February 2016 was supposed to be a watershed moment for the Economy of South Africa. The old-new Minister of Finance, Pravin Gordhan, was to deliver
Read more2016/2017 Tax Tables
Income Tax Tables for the 2017 Tax Year - 1 March 2016 to 28 February 2017 Income Tax Thresholds Tax Year 2016 (1 March 2015 to 29 February 2016)
Read moreWhat You Need to Know About Changes to the Tax Clearance System
Tax compliance makes its way into many aspects of life and business. Perhaps you’re considering applying for a tender, or for a foreign investment allowan
Read moreRetirement Funds Tax Laws Effective 1 March 2016 - How SARS’ New Changes Affect You!
If you’re diligently putting money away for your retirement in the form of a pension, provident fund or retirement annuity, you may be curious – per
Read moreSARS Tax Tables 2015
Tax Thresholds: Tax year 1 March 2014 to 28 February 2015 Tax year 1 March 2015 to 28 February 2016 Below age 65 R70 700 Below age 65 R73 650
Read moreThank you Minister – we expected worse! 2015 Budget
New Finance Minister Nene delivers his first budget with some “better than expected” tax increases. The fight against corruption was highlighted wit
Read moreWhat's the delay with getting my SARS Refund?
SARS has typically been quick to refund taxpayers who have filed their tax returns and are due a refund, with money appearing back in their bank accounts smooth
Read moreWhat to Expect after Submitting your Tax Return to SARS
As soon as tax season opens in July, many taxpayers rush to submit their ITR12 tax returns as early as possible, eagerly hoping for a nice refund. After the rus
Read moreWhat if I am not tax compliant?
SARS, in their attempt to promote compliant taxpayers and maximise timely revenue collection, have traditionally imposed penalties for late filing of tax return
Read more2014 Budget – A move to economic transformation
In delivering what could possibly be his last annual budget and perhaps in an election year a very pragmatic one, Minister Pravin Gordhan painted a rather posit
Read moreGarnishee orders explained: How SARS can deduct penalties directly from your pay cheque and how to stop it
The last days of the month are often the most exciting for employees as they look forward to spending their monthly pay cheques. Unfortunately for many taxpayer
Read moreSARS Tax Tables for 2014
Tax rates for Individuals and Trusts Income tax rates: Natural persons (that's you) and special trusts. 2013 tax year: 1 March 2013 - 28 Feb 2014. Individuals
Read moreImportant Information for Surviving the SARS Outbreak
From the office of the Center for Dis-Ease Control, 12 Bliksem Straat, Pretoria, South Africa EPIDEMIOLOGICAL INFORMATION Severe Anxiety from Revenue Services
Read moreThe effect of the 2013/14 annual budget speech on the average South African taxpayer
It was with great enthusiasm that we at TaxTim awaited delivery by the Minister of Finance of his annual budget speech this afternoon, especially after some of
Read moreWhy employers should help their employees with tax
Individual taxpayers have traditionally been told that when it comes to tax returns, they're on their own with regard to submitting each year and their employer
Read moreSARS Tax Tables for 2013
Tax rates for Individuals and Trusts Income tax rates: Natural persons (that's you) and special trusts. 2013 tax year: 1 March 2012 - 28 Feb 2013. Taxable
Read morePage 14 of 15
Showing 326–350 of 365 articles