Blogs
Building of a capital fund for PBOs
Entities that conduct their activities in a non-profit manner may apply in certain circumstances to the Commissioner for the South African Revenue Service (“the Commissioner”) to be approved as a public benefit organisation (“PBO”)...
Tax deductions against salary earnings
Our clients who earn only a salary will know that very few tax deductions are available against salary income for income tax purposes and whereby they may reduce the taxable income derived ultimately from such remunerations
Junie 2018
Soos die halfpadmerk aanbreek, is dit gewoonlik die tyd wanneer mense reflekteer op hulle Nuwejaars-voornemens wat aan die begin van die jaar gemaak is, om te bepaal of enige aanpassings nodig is. Netso, het HVM teruggekyk en in hierdie kwartaal het daar heelwat verander.
Interest received by non-residents on SA bank accounts
Persons that are not tax resident in South Africa (“SA”) are only taxed in SA on income received by or which accrued to such non-resident from an SA source. This will include interest received on an SA bank account.
Maart 2018
Vir sommiges voel dit asof die rusperiode tydens die feesseisoen nooit genoeg is nie. Daardie projek wat gedurende die jaar eenkant geskuif word vir wanneer daar “tyd” is, loer en wag steeds met beskuldigende oë onaangeraak, want selfs tydens die vakansie is daar net nie genoeg tyd nie!
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 ...
