Budget 2.0: A Mixed Bag, With Good News for Property

Mar 26, 2025 | Personal Finance, Property, Tax

“Good in parts” (Like the curate’s egg) Transfer duty threshold increased by 10% You pay no transfer duty if the property you are buying sells for less than the set threshold. The threshold wasn’t increased last year, so this year’s proposed 10% increase from...

Understanding Crypto Assets and Tax Implications

May 2, 2024 | Tax

Crypto assets, as defined by the South African Revenue Service (SARS), represent digital value traded, transferred, and stored electronically, utilizing cryptography techniques. These assets, which include cryptocurrencies like Bitcoin and Ethereum, serve various...

Budget 2024: Your Tax Tables and Tax Calculator

Mar 6, 2024 | Personal Finance, Tax

How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out. The unchanged transfer duty and tax tables, with a note on fiscal drag Unchanged from last year, so taxpayers can breathe a sigh of relief that...

Covid-19 & SMMEs

Mar 26, 2020 | Business Direction, Business Rescue, Human Resources, Tax

The notorious coronavirus, also known as COVID-19 is causing a slowdown in trade, not only in South Africa but worldwide. In the past weeks, we have seen a lock-down of countries such as China and Italy. South Africa is no exception, on the 23rd of March 2020, the...

SARS and Business Rescue – Part 3

Nov 23, 2015 | Tax

Given the relatively short timeframe to which the work of the Business Rescue Practitioner (BRP) is subject, a full due diligence investigation of tax issues and compliance cannot be undertaken and the BRP cannot warrant the information upon which returns and...

SARS and Business Rescue – Part 2

Nov 20, 2015 | Tax

Often, in Business Rescue matters audited financial statements are not available to support submitted returns to SARS and the internal accounting records are inadequate.   The timeframes for the compilation of the initial assessment of the business by the...