by Ryan Coates | Dec 4, 2019 | News, Tax
In the budget speech of February 2019, Minister Mboweni presented that there will be a number of proposed changes in the Tax act which are sure to have a significant effect on businesses.Interestingly, there were no changes in the corporate tax rate (remaining at...
by Ryan Coates | Sep 13, 2019 | News, Tax
As of the 25th October 2019, the issuing of the printed Tax Clearance Certificate (TCC) will be terminated. This is due to SARS fully implementing a more secure and electronic Tax Compliance Status (TCS) system. Since the TCS system was implemented in 2015, SARS...
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...
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