by Tony Davey | Feb 4, 2020 | Davey's Locker, Uncategorised
INDIVIDUALSThe maximum marginal rate for natural persons remains at 45% and is reached when taxable income exceeds R1 577 300 (previously R1,5 million). The minimum rate of tax remains at 18% on taxable income not exceeding R205 900 (previously R195 850). The primary...
by Tony Davey | Jun 5, 2019 | Davey's Locker, Uncategorised
An Al Capone strategy better than problematical prosecution In 189 TSH 2018 I canvassed aspects of donations tax relevant to ‘state capture’. Now it is time to look at its income tax implications. SARS’s mandate (updated 27 February 2019) is to ensure tax collection...
by Tony Davey | Dec 13, 2018 | Davey's Locker, Uncategorised
In last month’s article (187 TSH 2018) I examined the concept of ‘effective management’ as dealt with in the SARS Interpretation Note 6 (Issue 1). A reader, Patrick Emmett, a senior tax consultant at Mazars, has correctly pointed out that SARS has also published an...
by Tony Davey | Sep 5, 2018 | Davey's Locker, Uncategorised
Proposed amendments in the draft bill The controlled-foreign-company rules, which deem the taxable income of a foreign company to be that of its RSA resident individual shareholders, notwithstanding the non-declaration of a dividend, have to date been easily...
