Commission is subject to 10% tax
In some instances, business operators engage agents to perform certain assignments that they either lack the time or expertise to...
Rent-to-buy deals not VAT-smart
Allow us to clarify and demonstrate why rent-to-buy schemes may prove to be VAT-inefficient for suppliers, per the current VAT...
Expect VAT billing machines in 2022
You may have picked from past budget statements and media briefings by finance officials that there is a drive to...
Non – citizens , trusts & 5 % transfer duty
The contention Non-citizens taxpayers being the ones who suffer a much higher tax of 30% than citizens have obviously embarked...
Going concern sales trigger act
Enter going concern One can sell the shares of a company and that is completely divorced from going concern sales....
Always check particulars of tax invoices
I want to discuss a rather simple but very important aspect of taxation that affects VAT registrants, being the issue...
Transfer duty due on worthless companies
The principle Basically, Transfer Duty is triggered by a transaction that transfers or changes ownership or beneficial ownership of an...
Sold plot or farm ? Remember CGT !
The sale The sale of a plot or farm cannot be equated to everyday transactions relating to buying and selling...
Airflight benefit: a tax planning tool
Did you know that with adequate tax planning employees can actually pay less PAYE whilst maintaining their cost-to-employer stagnant? Well,...
Free services to related deals trigger VAT
What are related parties As enunciated above, the VAT Act requires that transactions between related parties be subject to VAT...
