2024 Budget Speech Highlights

2024-02-22T16:06:19+00:00February 22, 2024|Accounting, Advice, Budget, News, SARS, Taxes|

Finance Minister Enoch Godongwana announced his budget speech on Wednesday 21st February 2024, that he hoped would alleviate immediate fiscal pressures.  It was disappointing news for South Africa’s already struggling households to hear that the additional R15 billion needed to balance the budget, will come out of the pockets of individual taxpayers. To achieve [...]

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What is VAT?

2017-08-30T08:21:59+00:00August 30, 2017|Advice|

Important: As of 1st April 2018, VAT is now at 15% Most of us know that VAT stands for Value Added Tax and is currently levied at the standard rate of 14% in South Africa, but what exactly is this system and why is it in place? These are some of the questions we [...]

How to calculate VAT

2015-07-31T07:19:01+00:00July 31, 2015|Advice|

Important: As of 1st April 2018, VAT is now at 15% In the past few years we have written a number of articles providing information on Value Added Tax (VAT) but a popular question has remained unanswered: How do I calculate VAT? In this article we will answer this question on two levels, the [...]