Monthly Archives: March 2018

BTW-VERHOGING VAN 14% TOT 15%

Die Minister van Finansies het in sy onlangse Begrotingsrede aangekondig dat die BTW-koers met ingang 1 April 2018 van 14% tot 15% verhoog sal word. Verskeie belangrike sake moet in aanmerking geneem word om ’n gladde oorgang te verseker. Oor … Continue reading

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BUDGET 2018: IT’S A NUMBERS GAME

South Africa’s budget paints a very interesting picture when one drills down into the numbers involved. The annual national budget presented in Parliament on 21 February 2018 by Finance Minister Malusi Gigaba presented South Africa’s biggest budget yet, providing for … Continue reading

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ADDITIONAL MEDICAL EXPENSES TAX CREDIT

Section 6B of the Income Tax Act[1] provides for an additional medical expenses tax credit (“AMTC”) which is calculated against qualifying “out of pocket” medical expenses. This tax credit reduces the amount of income tax a natural person (hereinafter referred … Continue reading

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ADDISIONELE MEDIESE UITGAWES BELASTINGKREDIET

Artikel 6B van die Wet op Inkomstebelasting[1] maak voorsiening vir ’n addisionele mediese uitgawes belastingkrediet (bekend as AMTC) wat bereken word op kwalifiserende “uit-die-sak” mediese uitgawes. Hierdie belastingkrediet verminder die bedrag inkomstebelasting waarvoor ’n natuurlike persoon (hierna genoem die “belastingbetaler”) … Continue reading

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VAT INCREASE FROM 14% TO 15%

The Minister of Finance announced in his recent Budget Speech that the VAT rate would be increased from 14% to 15% with effect from 1 April 2018. Several important issues need to be considered to ensure a seamless transition. Generally, … Continue reading

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