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Tax Hikes and Taxpayer Revolt

JOHANNESBURG – While the introduction of some form of tax hikes seems imminent, any potential increases would have to be carefully considered and introduced. Government is under pressure to raise more revenue in a tough economic environment, but any potential tax hikes would likely be highly controversial if measures to address corruption and wastage do not bear fruit. In his medium-term budget policy statement, finance minister Nhlanhla Nene, indicated that “efforts to improve value for each rand spent will include strengthened measures to identify, prevent and combat corruption in both the public and private sectors”. While investigations by government’s anti-corruption task team has led to R1.8 million in assets frozen and R105 million in assets forfeited by September this year, amounts like these are relatively small compared to the revised expenditure estimate of R1 136.3 billion for 2014/2015. But could the introduction of tax hikes without accompanying measures to address corruption and wastage in...
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Individual Tax Returns

Allow Muller and Partners to Help You Navigate the Individual Tax Returns Labyrinth in South Africa The tax landscape in South African can be very complex for an individual who is trying to navigate on their own. This is especially true when you are not experienced in dealing with tax matters. One of the reasons for this is that every person’s circumstances are different and unique. No one-size-fits-all solution works across the board and everyone needs a unique solution for their needs. This is what Muller and Partners excels in. Our team works with you to form a greater understanding of your unique situation and use that knowledge to manage risk, while also effectively planning, to make sure that you remain compliant with all of the relevant regulations at all times. It goes without saying that we also ensure that our knowledge of the very latest tax legislation remains current, so that...
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Help with Income Tax Registrations in South Africa

One of the first things to do after finding a job in South Africa is to determine which category of taxpayer you fall into. This will determine which kind of payment mechanism works best for you, negating the need to pay more income tax than you should. The taxation system in South Africa is residence-based. South Africans are based on their worldwide income, while non-residents are only based on their South African income. Any person liable to pay tax has to register as a taxpayer. Income tax registrations need not be a taxing endeavour, pun unintended. You will need to register at the South African Revenue Service, in order to receive your tax number. This number is crucial if you intend on purchasing property in South Africa or eventually decide to trade in shares. Who Should Register for Income Tax in South Africa? You must take care of income tax registration if you:
  • Generate...
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