Value Added Tax (VAT) – What you Need to Know

Value Added Tax (VAT) – What you Need to Know

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%...
EMP501 Reconciliations

EMP501 Reconciliations

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 –...
Provisional Tax

Provisional 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...
Submitting your Personal Income Tax

Submitting your Personal Income 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...
Tax Filing Season Date Amendments

Tax Filing Season Date Amendments

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...