TGS South Africa News
February 2, 2018
The Minister of Finance makes his Budget Speech on 21 February and would like to hear your tips for the Budget. To submit your suggestions go […]
February 2, 2018
The second provisional tax payment for the 2018 tax year is due by or on 28 February. Taxpayers are required to estimate their total taxable income […]
January 4, 2018
‘How did you go bankrupt?’ Bill asked. ‘Two ways’ Mike said. ‘Gradually and then suddenly.’ (Ernest Hemingway “The Sun also Rises”) Nothing is more demoralising than […]
January 4, 2018
A recent World Bank and Price Waterhouse Coopers survey, amongst other things, ranks companies in 190 countries in terms of time taken to prepare and file […]
January 4, 2018
“A bubble is an economic cycle characterized by rapid escalation of asset prices followed by — a massive selloff.” (Investopedia definition) You come home from […]
January 4, 2018
“This feels like a victory for Britain’s children” (celebrity chef Jamie Oliver commenting on news that a sugary drinks levy will be introduced in the UK […]
January 4, 2018
Provisional taxpayers who use eFiling need to submit their 2017 Income Tax Return on or before 31 January 2018. To protect taxpayers who use eFiling SARS […]
November 29, 2017
“The conductor of an orchestra doesn’t make a sound. He depends, for his power, on his ability to make other people powerful” (Benjamin Zander, Conductor and […]
November 29, 2017
“A situation in which a series of unwelcome or tedious events appear to be recurring in exactly the same way” (Oxford English Dictionary definition of “Groundhog […]
November 29, 2017
The Consumer Protection Act (CPA) exposes you to some harsh remedies if, for example, a consumer suffers harm from a product supplied to him or her. […]
November 29, 2017
The Minister of Finance has announced that the President has agreed to an independent inquiry chaired by a judge to probe why SARS is missing its […]
November 29, 2017
There are no important tax deadlines for December, so let’s look at some potentially great news for taxpayers. Could the “pay now, argue later” principle be […]
October 30, 2017
TV and other media have extensively covered natural disasters recently – fires in Knysna, storms and floods in Gauteng and KZN and then more fires along […]
October 30, 2017
SARS recently issued a draft Tax Bill which proposed taxing South African residents the difference in taxation on offshore income earned. Thus, if 10% tax was […]
October 30, 2017
Since the introduction of double entry bookkeeping in the fifteenth century, it has been widely accepted that profit equates to value. This concept moved to nation […]
October 30, 2017
“Forewarned is forearmed” (wise old proverb) The Protection of Personal Information Act (POPI) has been in the public domain for several years and has been enacted […]
October 30, 2017
Access to the Special Voluntary Disclosure Program (SVDP) closed at the end of August 2017 and the government netted a little over R1 billion. There were […]
October 30, 2017
Every year we report on the World Economic Forum’s (WEF) Global Competitiveness Index. This year South Africa slipped from 48th to 61st in the rankings. What […]
October 30, 2017
Non-provisional taxpayers using eFiling or electronically submitting from a SARS office need to file their 2016/2017 Income Tax Returns on or by 24 November. Secondly, tax […]
September 28, 2017
To date only our Rand denominated debt (about 10% of our total debt) has been classified as junk. On the 25th of October, the new Minister […]