Tax Bulletin Archive February 2010

Five tax changes you probably won’t like…

I don’t want to bore you with the finer details of Mr Gordhan’s recent budget speech. But I do want to highlight five of the things he mentioned, because they’ll mean higher taxes for you and me.
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Is SARS in your good books?

I caught last week’s episode of Carte Blanche Consumer, which highlighted the fact that filing taxes is still a nightmare for many South African taxpayers. The biggest complaint was that SARS employees are incompetent, and it’s near impossible to get help on tax issues.
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Ever feel like doing taxes is giving you grey hairs?

Turnover tax is a relatively new tax (it’s only been available to small businesses in South Africa for about a year). SARS implemented this new tax system to try and reduce the administrative burden on small businesses in South Africa.
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SARS updates its dictionary — and it’s about time

This past week, SARS announced that it’s expanded its definition of the term ‘handicap’ (with effect from 1 March 2009). People with disabilities (or those who care for them) will be able to claim significant tax deductions on their medical expenses.
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