SA Payroll and Tax Compliance for Non-Resident Employers
The 2026 Budget sorts out the PAYE anomaly, but is silent on SDL and UIF. A 2023 amendment to Paragraph 2(1)(b) of the Fourth Schedule to the Income Tax Act requires non-resident employers to withhold employees’ tax (PAYE) only where they conduct business in South Africa through a permanent establishment (PE). While this represented an […]
Budget 2026 Explained: Where Taxpayers Gain and Where They Don’t
After last year’s “third-time lucky” Budget, many predicted doom and gloom this year. There was talk of the need for an additional R20 billion of tax hikes – whether in the form of the much-maligned VAT increase proposal rearing its ugly head, or direct personal income tax hikes. That didn’t happen. In presenting his 2026 […]
Budget 2021: Corporate tax amendments
Finance Minister Tito Mboweni delivered his third annual budget address on 24 February 2021. The corporate tax rate reduction from 28% to 27% for years of assessment commencing on or after 1 April 2022 was arguably the most significant windfall for corporate taxpayers, although the actual cash benefits thereof will only be seen in the 2023 calendar year. Below, we highlight some of the other significant proposals, which […]
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 budgeted consolidated Government expenditure over the 2018/2019 fiscal year in the amount of R1,657,200,000,000! Of […]
Ten tips for small business owners during tough financial times
When the economy is slow, small business owners struggle to survive, many for the first time. Financial problems consume valuable time and business resources, yet must be dealt with proactively. Also make use of your financial advisor or your banker; they have the expertise and knowledge regarding your business and its financial well-being. In tough […]