The Tax Guide

NO MORE TAX ON RENT AND COMMISSION BELOW P4K

The Minister of Finance and Economic Development, Dr Thapeko Matsheka, issued an Income Tax Amendment Bill 2021 on 26 March 2021 which...

New taxes: Breadwinners facing opening jaws

On April 1st 2021, government effected new taxes and further increased some of the existing ones. VAT alone will fetch an extra P1.27...

TAX INTEREST MUSTN’T BE CHARGED ON UNEXPECTED PROFITS

There is a matter which has been the subject of debate for years and that is whether taxpayer’s must be charged interest for late-payment...

NO 3% CONSTRUCTION TAX ON ME, PLEASE!

You may know that there is a 3% tax whenever one pays any person, whether resident or not, amounts in respect of construction contracts...

Implementing the Risk Management Strategy

After crafting a risk management strategy, management needs to consider how the strategy will be implemented in order to ensure achievement...

Two VAT rates will be applicable after 01.04.21

Following the announcement by the Minister of Finance and Economic Development that the VAT rate will increase from 12 percent to...