Constance Kawelenga, Author At Zuva Financial Services |

03 Oct 24

Disputing SARS Assessments: Understanding Your Rights and the Appeals Process

If you are aggrieved by an assessment or decision issued by SARS (South African Revenue Service), you have the right to object. However, it’s important to note that you cannot object to a self-assessment, such as Value-Added Tax (VAT) and Pay-As-You-Earn (PAYE), unless a revised assessment has been raised by…

03 Oct 24

Workmen’s Compensation: Employer Registration, Reporting & Employee Claims

Workmen’s Compensation is a government-mandated program that provides financial support and benefits to employees who become injured or ill due to their work. If a worker is injured, contracts a disease, or dies while working, they or their dependents can claim from the Compensation Fund. Who Can Claim Workmen’s Compensation?…

03 Oct 24

Section 13quat Explained: Tax Savings for Property Developers and Investors in South Africa’s Inner Cities

Section 13quat provides a tax incentive in the form of an accelerated depreciation allowance to promote investment in designated inner-city areas. The main objectives are to address dereliction and dilapidation in South Africa’s largest cities and to encourage urban renewal and development by promoting private sector investment in the construction…

02 Oct 24

Understanding Amalgamation Transactions & Related Tax Relief Benefits (Section 44 of the Income Tax Act)

An amalgamation is the combination of two or more companies into an entirely new entity. Unlike an acquisition, where at least one company remains intact, none of the companies involved in an amalgamation survive as a legal entity. Instead, a completely new entity is formed, carrying the combined assets and…

02 Oct 24

Understanding Venture Capital Companies (VCCs) & Related Tax Incentives for Investors

One of the main challenges to the growth of small and medium-sized businesses and junior mining exploration is access to equity finance. To assist these sectors in obtaining equity finance, the government has implemented a tax incentive for investors in these enterprises through a Venture Capital Company (VCC) regime. VCCs…

02 Oct 24

Understanding Donations Tax and Section 18A in South Africa

The South African government has recognized that certain organizations are dependent on the generosity of the public. To encourage this generosity, a tax deduction is provided for specific donations made by taxpayers. The eligibility is restricted to organizations approved by the Commissioner that use the donations to carry on or…

25 Sep 24

Tax Savings for the Hotel Industry in South Africa (Section 13bis)

Section 13bis of the Income Tax Act offers tax deductions for the erection or improvement of buildings used in the trade of hotelkeeping. If the building is used primarily for hotel-related activities, taxpayers can claim an annual allowance, provided certain conditions are met. Requirements for Section 13bis A taxpayer can…

25 Sep 24

Tax Savings for the Manufacturing Sector in South Africa (Section 12I)

The Section 12I Tax Allowance Incentive is a government initiative designed to boost South Africa’s manufacturing sector by supporting both Greenfield (i.e. new industrial projects that utilise only new and unused manufacturing assets) and Brownfield (i.e. expansions or upgrades of existing industrial projects) investments. This incentive offers tax benefits based…

21 Aug 24

Professional Indemnity Insurance for Medical Practitioners: Importance and Scope of Coverage

Medical practitioners dedicate their lives to healing and helping others, often working under immense pressure. While every doctor strives to provide the best possible care, the reality is that even the most skilled and compassionate practitioners can face unforeseen complications. In these moments, Professional Indemnity Insurance (PII) becomes a vital…

25 May 24

Understanding XBRL Reporting for South African Businesses

What is XBRL? XBRL stands for eXtensible Business Reporting Language. It is a technology standard for the electronic communication of business and financial data, increasingly adopted worldwide. XBRL offers significant benefits in the preparation, analysis, and communication of business information. It ensures cost savings, greater efficiency, and improved accuracy and…

Constance Kawelenga

Disputing SARS Assessments: Understanding Your Rights and the Appeals Process

Workmen’s Compensation: Employer Registration, Reporting & Employee Claims

Section 13quat Explained: Tax Savings for Property Developers and Investors in South Africa’s Inner Cities

Understanding Amalgamation Transactions & Related Tax Relief Benefits (Section 44 of the Income Tax Act)

Understanding Venture Capital Companies (VCCs) & Related Tax Incentives for Investors

Understanding Donations Tax and Section 18A in South Africa

Tax Savings for the Hotel Industry in South Africa (Section 13bis)

Tax Savings for the Manufacturing Sector in South Africa (Section 12I)

Professional Indemnity Insurance for Medical Practitioners: Importance and Scope of Coverage

Understanding XBRL Reporting for South African Businesses

Smart Investment Strategies for Medical Practitioners

Retirement Planning for Medical Practitioners in South Africa: Securing Your Financial Future

Best Practice Management Software for Medical Professionals in South Africa

VAT Registration and Tax Optimization for Medical Practices in South Africa

Essential Insurance Cover for Medical Practitioners in South Africa: Protecting Yourself Against the Unexpected

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