Taxes

In the competitive world of online retail, staying on top of taxes like Value-Added Tax (VAT) can be a game-changer. In South Africa, VAT plays a significant role in shaping the costs and pricing strategies of online retailers who import and export goods. Understanding VAT on imports and exports can…

In the increasingly globalized landscape of e-commerce, online retailers in South Africa are finding new markets and opportunities abroad. However, international transactions bring a set of tax obligations that businesses must carefully manage. One key area to understand is withholding tax (WHT) on cross-border payments. Knowing how and when WHT…

With sustainability becoming a focal point in global commerce, many governments have implemented environmental levies to reduce the environmental impact of certain goods. In South Africa, these levies are part of the country’s environmental fiscal reform efforts and aim to influence consumer behavior, discourage the use of environmentally harmful products,…

In today’s digital age, cross-border e-commerce is growing rapidly, creating unique opportunities for online retailers in South Africa to expand their reach and increase their revenue by selling products internationally. However, along with these opportunities come various tax obligations that must be carefully navigated to ensure compliance and avoid penalties.…

Value-Added Tax (VAT) has been a cornerstone of South Africa’s tax system since its introduction in 1991. It contributes significantly to government revenue, accounting for approximately 26.5% of tax revenue (as per 2021 statistics). For medical professionals running private practices, understanding VAT is crucial for compliance and financial management. While…

As a medical practitioner, balancing the need to turn a healthy profit with the desire to legally minimize tax obligations is a constant challenge. Unlike many other businesspeople, you may find yourself with relatively few business expenses to offset against your income, making tax planning an essential part of managing…

1. Introduction to Capital Gains Tax (CGT) in South Africa As a medical practitioner, it is likely that at some point the question of how to diversify your considerable financial wealth is going to come up. Property is a common investment vehicle, as are shares and, more recently, cryptocurrencies. Investment…

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…