tax laws (1)
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Companies: How Will the Reduced Tax Rate and Assessed Loss Rules Affect You?

New rules have been established around the treatment of corporate assessed losses, and these are already in effect, limiting the amount of previous assessed losses that can be offset against a company’s annual income tax liability in future financial years. The change follows the reduction in the corporate tax rate from 28% to 27%
budget 2022
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Budget 2022: Your Tax Tables and Tax Calculator

Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that remain unchanged.
budget 2022
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Budget 2022: Your Share of Billions in Tax Relief and Business Support

Calling it a “good story to tell”, Finance Minister Enoch Godongwana announced, in his first Budget Speech, welcome respite from tax increases, tax relief of R5.2 billion for individuals and businesses, as well as further measures to support businesses in their economic recovery.
Calculating tax deductions
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Tax Deductions You Might Not Know About

Whether you are an employee or business owner, there are certain ways to reduce your taxable income and tax bill, as well as increase the tax refund on your tax return by deducting legitimate expenses. Here are some tax deductions that you might not know about, and shouldn’t overlook.
Tax savings
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Tax Savings for Small Businesses

Tax savings - For several years now SARS has afforded small business tax relief if you qualify under certain criteria, therefore there are substantial tax savings for small businesses that fall under the following criteria: Turnover for…
corporate income tax
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Corporate Income Tax – SARS Penalises late returns

On 14 December 2018, the public notice that allows the South African Revenue Service (SARS) to impose penalties on companies for not submitting corporate income tax returns was gazetted. What does this mean for corporates ? Administrative non-compliance…