Taxation implications from the Finance Minister’s speech on the 22nd February

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TAX Highlights – 2012 /13: Budget speech 22 February 2012

The following are the main taxation implications from the Finance Minister’s speech on the 22nd February.

  1. 1. Tax thresholds:

Have increased as follows:

  • < 65 years of age: R 63,556
  • > 65 and < 75 years of age: R 99,056
  • > 75 years of age: R 110,889

In other words, any taxable income of less than the above thresholds will result in the individual not being liable for any taxation.

  1. Dividend withholding tax (DWT):

Effective 1 April 2012, at ...

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SARS Tax Returns

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SARS Tax Returns – The Season is Officially open

Hi Everyone

Please note that the above tax season is now officially open – and to avoid the rush, I suggest that you begin liaising with your tax practitioner to assist in completing your tax returns, both personal, as well as that of your company / business.

Please note that provisional tax returns for the 2012 year, are also due at the end of August.

We do offer SARS tax returns ...

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Cape Town Income Tax Workshop

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– Please confirm your booking by the closing deadline below to secure your seat !


BELLVILLE, Cape Town  – Monday 27 th June

WORKSHOP FEE :    R 950.00 per delegate ( includes refreshments & lunch )

NB – For your seat, notes and catering to be confirmed and arranged, BOOKINGS CLOSE end of business day on FRIDAY 24 th June – If attending the attached ...

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All in One Accounting and Taxation Service

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Bizfacility provides the following “One – Stop” Personal Relationship Based Services:

  • Preparation of Annual Financial Statements that comply with GAAP and IFRS requirements
  • Performance of independent review as required by the Companies Act, where required
  • Lodgment of Annual Return to CIPC as required by Companies Act
  • Calculation of your annual Public Interest Score
  • Preparation of company’s/ business’s Annual Tax Return and submission
  • Calculation and submission of Provisional Tax Returns
  • Quarterly or monthly Management accounts
  • Formal Financial Analysis of your company on a 6 ...
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Are You Optimising your Tax?

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Optimise your Tax with Bizfacility’s new free excel workbook that will help you to structure your remuneration and show you which option is more tax efficient.

Optimising Your Tax

Income Structuring: Dividends versus Salary

Right click and select ‘ Save target/link as’ to download the workbook

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