Baillie, Koseff & Grobler Inc - BKG

17/01/2025

Opportunity for Saica Articles

Ons benodig Trainees wat articles wil doen. Matriek tot Graduandi.

22/05/2023

Ons benodig Trainees wat articles wil doen. Matriek tot Graduandi.

03/12/2022

Year end function 2022

06/06/2020

30/03/2020

COVID-19 TAX RELIEF MEASURES

The Minister of Finance released details on the proposed tax relief measures (for compliant taxpayers) announced by President Ramaphosa last week Monday. These are summarised very briefly below, but please read the Draft Explanatory Memorandum which includes the background, important requirements and examples: https://bit.ly/2QTpJvb

ETI Relief (1 April - 31 July 2020):
- Increasing max ETI currently claimable from R1 000 to R1 500 in the 1st qualifying 12 months and from R500 to R1 000 in the 2nd 12 qualifying months.
- Allowing monthly ETI claim of R500 for employees from the ages of:
o 18 to 29 who are no longer eligible for the ETI as the employer has claimed ETI in respect of those employees for 24 months; and
o 30 to 65 who are not eligible for the ETI due to their age.
- Accelerating the payment of ETI reimbursements from twice a year to monthly to improve cash flow

Deferral of portion of PAYE liability for compliant SMMEs (1 April - 31 July 2020)
- Deferral of payment of 20% of PAYE liability, without interest/penalties for late payment.
- The deferred PAYE liability must be paid to SARS in equal instalments over the 6 month period commencing on 1 August 2020; i.e. the first payment must be made on 7 September 2020.
Note: This will apply from the April payroll, payment due by 7 May

Deferral of portion of provisional tax liability for compliant SMMEs (1 April 2020 - 31 March 2021):
- Deferral of a portion of the 1st & 2nd provisional tax payment, without penalties & interest for late payment thereof;
- 1st provtax payment due from 01/04/20 - 30/09/20 = 15% x estimated total tax liability
- 2nd provtax from 01/04/20 - 31/03/21 = 65% x estimated total tax liability;
- Balance to be paid by third provisional tax payment date in order to avoid interest charges.

The deferral of PAYE and provtax relate to SMMEs and detail of these are provided in the EM. Regarding the proposal to defer payment of PAYE, the Draft EM describes these as businesses with an ‘annual turnover’ not exceeding R50 million. Regarding the proposal to defer payment of provisional tax, the Draft EM describes these as any company conducting a trade with an annual turnover not exceeding R50 million and states that the eligibility criteria in relation to individuals carrying on a business is yet to be finalised. It mentions one possibility as being where turnover is less than R5 million and no more than 10% of the turnover is derived from interest, dividends, foreign dividends, rental from the letting of fixed property and any remuneration.

The reliefs also will not apply where the taxpayer is in default in relation to any outstanding returns or outstanding tax debt.

26/02/2019

Net iets om aan te d**k so kort na die Begroting laas week.

21/02/2018

Budget highlights

23/11/2017

Kontak ons vir enige hulp met belasting opgawes [email protected] of tel 0114216951.

Check if the information on your medical scheme tax certificate is correct. If not, contact your medical scheme to correct it before you file your tax return. If your employer paid your medical scheme contributions to your medical scheme on your behalf, the amount will appear on your IRP5/IT3 (a) ce...

16/08/2017

Nog nie wetgewing - Net voorgestelde wetgewing

Deur Amanda Visser Suid-Afrikaners wat in die buiteland op langtermynkontrakte werk se gunstige belastingbedeling kan tot ’n einde kom. Nasionale Tesourie wil hê dat Suid-Afrikaners wat tans ’n belastingvrystelling op hul buitelandse inkomste verdien in die plaaslike belastingnet ingetrek word. … Co...