The South African Revenue Service (SARS) continues to focus on introducing online and digital services, simplifying the tax-filing process, and making it easier for taxpayers to comply.
Do I need to file an income tax return for the 2021 tax year? Read More »
With the end of the 2019 tax year fast approaching, it is important to ensure you are making full use of the allowable contributions to both Retirement Funds and Tax Free Savings accounts prior to the end of February 2019.
Tax Year End – ‘Tis the season Read More »
The primary reason that countries engage in protection is to promote the economic strength of the home country, including employment, often at points when the global economy is weak, or when there is rising competition from foreign participants. Through stronger local industry a country becomes less reliant on imports from foreign nations, providing a stronger base from which to direct its own growth policies.
Do we need to worry about Trade Wars? Read More »
Despite previously concluding that a wealth tax would not be appropriate for South Africa, the Davis Tax Committee, on 25 April 2017, released a media statement calling for written submissions on the introduction of …
POTENTIAL WEALTH TAXES TO BE INTRODUCED IN SOUTH AFRICA Read More »
The Davis Tax Committee (the “DTC”) has been tasked with reviewing South African Tax Policy and providing recommendations for improvements to the policy framework. Their reports are advisory in nature and it is the prerogative of Minister of Finance to determine whether or not any of the recommendations will become law after following the necessary
The Davis Tax Committee releases its final report on Estate Duty Read More »
The Davis Tax Committee\’s First Interim Report on Estate Duty (“DTC Report”) was released for public comment on 13 July 2015 and was met with wide debate and criticism. Although only in draft form, the report delivered some indications of potential changes to the trust tax regime in South Africa.
Expected changes to taxation relating to local trusts. Read More »
The recently announced new tax agreement with Mauritius is aimed at preventing tax avoidance and/or evasion by multinational corporations and will apply from 1 January 2016.
The treaty introduces Capital Gains Tax (where the disposed investments derive more than 50% of their value from immovable property) and will levy tax on interest (10%) and royalties earned (5%). The two countries aim to work together to determine the tax status of mutual companies and trusts and work together to collect outstanding taxes.
New Tax Treaty with Mauritius Read More »
Despite all the bad publicity and personal past experiences, we maintain that Retirement Annuities are an indispensable investment vehicle, with a wide range of benefits.
An opportunity to save income tax and invest at a discount Read More »
The introduction of tax-free saving accounts on 1 March 2015 could result in considerable benefits for long-term investors as investors utilising these accounts earn “tax free” income and capital gains.
Tax Free Investment Accounts Read More »
The Minister of Finance announced amendments to tax and other legislation that may affect investors. These changes, which come into effect on 1 March 2015
South Africa 2015 Budget speech update Read More »
Independent Wealth Managers (Pty) Ltd
Directors: M I Attridge, G W Hill
Reg no: 2003/023709/07
VAT Number: 4830208494
Authorised Financial Services Provider 3145
Independent Wealth Managers
(Advisory) (Pty) Ltd
Directors: M I Attridge, G W Hill,
S B Matthews, J K von Mollendorff
Reg no: 2008/014780/07
VAT Number: 4870257682