Monthly Archives: January 2018

THE IMPORTANCE OF HAVING A GOOD ACCOUNTING SYSTEM

If your business doesn’t have an effective accounting system in place, you run the risk of making serious errors in your finances. Furthermore, a good accounting system simply makes life easier and allows you to focus more on growing your … Continue reading

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CLAIMING INPUT TAX FOR VAT PURPOSES ON IMMOVABLE PROPERTY

When a registered VAT vendor sells a property, that transaction is subject to VAT and not to transfer duty.[1] Where the purchaser of the property is itself a VAT vendor, input tax may be claimed against the acquisition price paid … Continue reading

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HOW IS CRYPTO CURRENCY SUCH AS BITCOIN TAXED IN SOUTH AFRICA?

Please note that the information below is an opinion and cannot be used to rely on as formal tax advice. In order to obtain formal tax advice regarding your tax situation, please contact us directly for a consultation. For the lazy … Continue reading

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PROVISIONAL TAX RULES

Since the provisional tax season has arrived, it is important to remember the rules regarding your estimates. The provisional tax payment must be received by SARS on or before the due date, 28 February 2018. Failure to do so could result … Continue reading

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