Decoding tax regulations for ‘toys’
Tax authorities worldwide tend to scrutinize luxury vehicles, imposing stringent regulations for both Value Added Tax (VAT) and income tax...
New tax exemptions on terminal payments, pensions
Following the commencement of the Retirement Funds Act Number 38 of 2022 (RFA) with effect from 14 October 2022, professional...
Pastors’ appreciation subject to PAYE
As the year draws to a close, many churches are gearing up to express appreciation to their pastors, often in...
WHT also applies on Trustees’ fees
Effective corporate governance necessitates the establishment of an independent board of directors tasked with overseeing management teams. These directors maintain...
School fee benefits trigger PAYE
In a bid to ensure that employees are well remunerated, some organisations grant their employees monetary and non-monetary benefits which...
Taxed is the hand that receives a gift!
Generally, human beings give gifts to appreciate, console or empower each other. However, in the eyes of the taxman such...
Medical Aid Allowances Are Fully Taxable
Generally, some employers provide their workers with medical allowances to help with their medical expenditures. The allowance is usually part...
Car Allowances Are Not Tax-Efficient
As the adage says, “In this world, nothing is certain except death and taxes!” However, with careful tax planning, individuals...
Payment Plans Lessen Heavy Tax Burdens
At times, taxpayers may find themselves drowning in onerous tax bills that may be heavy on the cashflow of a...
No Income Tax Registration Till You Trade
In some instances, businesses which endeavour to comply with tax laws may struggle to understand the requirements of tax registration....
