Withholding Tax on Interest In South Africa
The WTI is a tax charged on interest paid (on or after 1 March 2015) by any person to or for the benefit of a foreign […]
Business
Value Added Tax (VAT)
Value-Added Tax is commonly known as VAT. VAT is an indirect tax on the consumption of goods and services in the economy. Revenue is raised […]
Unemployment Insurance Fund
The Unemployment Insurance Fund (UIF) gives short-term relief to workers when they become unemployed or are unable to work because of maternity, adoption leave, or […]
Transfer Duty
Transfer Duty is a tax levied on the value of any property acquired by any person by way of a transaction or in any other […]
Skills Development Levy (SDL) In South Africa
SDL is a levy imposed to encourage learning and development in South Africa and is determined by an employer’s salary bill. The funds are to be […]
Securities Transfer Tax
Securities Transfer Tax is levied on every transfer of a security and was implemented from 1 July 2008 under the Securities Transfer Tax Act, No. […]
Provisional Tax Payment In South Africa
Provisional tax is not a separate tax from income tax. It is a method of paying the income tax liability in advance, to ensure that […]
Pay As You Earn (PAYE) Tax Payment In South Africa
What is PAYE? Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process […]
Mineral And Petroleum Royalties Payment In South Africa
What is MPRR? In the past, mineral and petroleum resources were privately owned, meaning that payment for the extraction of these resources was payable to […]
How To Pay Income Tax In South Africa
Income tax is the normal tax which is paid on your taxable income. Examples of amounts an individual may receive, and from which the taxable […]