+ 086 111 1031 info@ctfsa.co.za

A Step Closer to Retirement Reform in SA

The draft Taxation Laws Amendment Bill (“TLAB”) was published on 31 July 2020. As announced in the Budget Speech, any South African leaving in future will be subject to a much stricter process from 1 March 2021 onwards. But there was also a surprise 3-year lockup announcement for anyone with a South African pension fund,…

Read More ›

South African taxpayers have started getting notices from SARS – here’s what you need to know

The South Africans Revenue Service (SARS) hasstarted sending out SMSes to taxpayers about a possible discrepancy in their information. Specialist firm Tax Consulting SA said that the message typically informs the taxpayer that they are being reviewed and that there are ‘discrepancies identified’. It provided the below example: Dear Taxpayer [Tax Reference Number XXX] SARS…

Read More ›

When a Corrupt Economy Changes

In the previous two articles I explained how an economy can eventually totally collapse when corrupt politicians are at the helm. But is there any cause for optimism? Can countries shrug off corruption and recover their economies? This article maps a path to economic and moral regeneration. History has shown that countries can pull themselves…

Read More ›

The Macro Effect of a Corrupt Government

The awful but unavoidable reality is that a corrupt Government allows for a corrupt economy to flourish. In turn, a corrupt economy forms the foundation for complete political, social and economic chaos in the country. This phenomenon is clearly evident in countries like Venezuela, Zimbabwe and Haiti. History has shown that countries can pull themselves…

Read More ›

The Difference Between Corrupt and Honest Government

The difference between corrupt and honest government ought to be self-evident, but it is worthwhile mapping out the distinction lest we become inured to the devastating consequences of a government that has lost its moral and ethical compass. I assume that everybody understands what constitutes a corrupt government, but at its most basic level it…

Read More ›

2020 Tax Season Changes

Due to the COIVD19 pandemic and the restrictions implemented, SARS has made changes to the 2020 season process. The 2020 tax season opens on the 1st of September 2020, and closes on the 16th of November 2020, for online submissions, and 22 October 2020, for branch filings. The 2020 return covers income activities – i.e. income received and…

Read More ›

Home office expenses and tax deductions

The Covid-19 pandemic has caused great hardshipc and the lockdown, which was intended to mitigate its effects, has changed life as we know it. Lockdown levels 5, 4 and, to some extent, 3 have left most people immobile and working from home has become essential for the survival of companies and earning an income. Can…

Read More ›