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2020 - 2020-08-07
Updated Medical Disability Form (ITR-DD) Issued by SARS
Section 6B of the Income Tax Act 58 of 1962 provides for a rebate known as Additional Medical Expenses Tax Credit (“AMTC”) for qualifying medical expenses that were not covered under the taxpayer’s medical scheme or by an insurer under a medical gap cover insurance plan during the relevant year of assessment.
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2020 - 2020-06-25
Tax overview of the Supplementary Budget Speech – 24 June
The Minister of Finance, Tito Mboweni, delivered the supplementary budget speech today as a result of the significant effects that the current COVID-19 pandemic has had on our economy. Whilst there were no tax increases announced, it is very clear that if no action is taken to increase revenue and cut expenditure, the effect on the economy will be devastating.
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2020 - 2020-04-29
PKF International appoints Theo Vermaak as interim Chief Executive Officer
PKF International announces the appointment of Theo Vermaak as interim Chief Executive Officer of PKF International with effect from May 1, 2020.
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2020 - 2020-04-02
Tax Measures to Combat the COVID-19 Pandemic
In light of the National State of Disaster and due to the potentially lasting negative impact on the economy, as a result of the national lockdown, government has introduced the following tax interventions to assist with job retention and to assist businesses in financial distress
Read more2020 - 2020-03-02
2020 National Budget Speech Highlights
Our Finance minister, Tito Mboweni delivered a largely optimistic 2020 Budget Speech yesterday. The minister’s speech contained no radical tax changes. Tax rates for the coming year are set to remain largely the same (barring inflationary related adjustments).
Read more2020 - 2020-03-02
South African Corporate Income TAX: Reforms on The Horizon
In contrast to many of South Africa’s trading and investment partners, the South African corporate income tax rate of 28% has remained unchanged for more than a decade. In particular, the corporate income tax rate of the United States, the United Kingdom and India have recently been reduced to 21%, 19% and 22%, respectively.
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