by Ryan Coates | Mar 26, 2019 | Tax
Do you remember before the year 1991 when South Africa used the indirect taxation system, called General Sales Tax (GST)? Since then, it became known as Value Added Tax (VAT) and went from a tax rate of 10% to 14% where it stayed for 25 years. VAT was increased to 15%...
by Ryan Coates | Sep 10, 2018 | Tax
Do you, like most hard-pressed business owners, find your biannual EMP501 reconciliation a daunting and anxiety-inducing ordeal? If so, you’ve come to the right place. At Diga, we know these processes – and the constantly changing regulations and requirements –...
by Ryan Coates | Aug 8, 2018 | Tax
Provisional tax is a method of paying the income tax liability in advance so that you don’t have a large tax debt come tax assessment. This means that the tax liability is spread over the year of assessment and where you are required to pay at least two amounts...
by Ryan Coates | Jul 30, 2018 | Tax
As I am sure you are aware, it is tax season. You have from now until 31 October to submit your tax return. While we would recommend you use one of our highly capable Diga consultants, we would like to explain how to submit your own Personal Income Tax should...
by Ryan Coates | Jun 18, 2018 | Tax
On the 4th June 2018, a statement was released by Acting Commissioner, Mark Kingon, around the upcoming 2018 tax season. Using data from the last two years, and with the main objective to make the filing of tax returns simpler and more efficient, the decision was made...
by Ryan Coates | May 21, 2018 | Advice, Tax
Your estate consists of all your moveable and immovable property, including life insurance policies and payments from pension funds. Estate duty is payable on estates in excess of R3.5 million and charged at the rate of 20% on the first R30 million and at a rate of...
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