Results for tax allowance

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Be cautious when claiming tax allowances for future contractual expenditure
Be cautious when claiming tax allowances for future contractual expenditureArticle

Many taxpayers have made use of Section 24C of the Income Tax Act which allows for the holding over of income received in the present year that is due to be used on expenses in the following year...

16 Sep 2020

Image source: Getty/Gallo
Covid-19 and what it means for tax in the mining industryArticle

During the 21-day lockdown period, mining operations in South Africa will scale down significantly. The effect on deep-level mines will probably be most significant as coal mines supplying Eskom will continue to operate, albeit at a reduced level.

Adéle de Jager, 1 Apr 2020

Carbon Tax Bill: What effect will this have on corporate SA?
Carbon Tax Bill: What effect will this have on corporate SA?Article

The long-awaited Carbon Tax Bill, which is due to be implemented on 1 June 2019, will have a considerable impact on many of the large corporates that are currently operating in South Africa...

31 May 2019

Ruling on special tax provision spells good news for franchise operators
Ruling on special tax provision spells good news for franchise operatorsArticle

In a recent landmark case, the Tax Court upheld that a very special, and mostly under-utilised tax deduction allowed by section 24C of the Income Tax Act, No. 58 of 1962, may be applied to franchisee costs...

Natasha Wilkinson 16 Nov 2017

Judge Dennis Davis
Davis commission calls for mining sector's upfront capex tax to be scrappedArticle

The Davis Tax Committee has recommended that the special tax regime for the mining sector be abolished...

Linda Ensor 14 Nov 2017

Greater tax incentives needed for education
Greater tax incentives needed for educationArticle

In the past, there has been a significant increase in taxpayers voicing their belief that a tax revolt is the correct way to deal with the current crisis of confidence in government. However, despite higher taxes on individual taxpayers, it is not the quantum of tax that is of substantial concern but how tax collections are used...

Patricia Williams 9 Jun 2017

New learnership incentive tax calculation app from KPMG
New learnership incentive tax calculation app from KPMGArticle

KPMG has launched the Learnership Incentive Tax Tool, an app that calculates learnership tax allowances and generates tax schedules for registered learnerships at the press of a button...

8 May 2017

Desiree Goodwin
Financial year end approaches - What you should be doing to save taxArticle

As we approach the year end on 28 February and have a good idea of our overall income and tax position for the year, now is the time to take some critical decisions...

Desiree Goodwin, Issued by Meredith Harington 10 Feb 2017

FedGroup CEO, Grant Field
FedGroup disrupts wealth creation modelArticle

With the launch of its direct ownership network, the FedGroup has, in a world first, harnessed tech innovation for wealth creation...

Danette Breitenbach 9 Nov 2016

New R300m floating dock revitalises economy and creates jobs
New R300m floating dock revitalises economy and creates jobsArticle

A R300m investment into a new floating dock will give the shipping industry a major economic boost as well as enhance skills development...

4 Sep 2016

How the proposed carbon tax law (and offsets) will work
How the proposed carbon tax law (and offsets) will workArticle

The draft Carbon Tax Bill sets out the framework on taxing on greenhouse gas emissions, as well as relief such as offsets...

26 Jul 2016

Marthinus Van Loggerenberg
Building multinational brands in Africa: a business perspectiveArticle

A strong complement of global brands yearn for a juicy piece of the African pie. Nigeria, Ghana, Kenya, Ethiopia, Zambia and the DRC are feverously pursued based on their lucrative economic growth...

Marthinus Van Loggerenberg, Issued by FCB Joburg 3 May 2016

The MAC Charter - What you need to know
The MAC Charter - What you need to knowArticle

The B-BBEE Sector Code for the Marketing, Advertising and Communications (MAC) sector is now in effect, including stricter requirements and increased incentives. Here's how Red & Yellow can help you make the most of it...

Issued by Red & Yellow 21 Apr 2016

South Africa open for business
South Africa open for businessArticle

Much has been said about the flight of capital from South Africa in recent weeks suggesting that the country has become an investment pariah...

Dr Rob Davies 28 Dec 2015

Struan Robertson
Changes to IFRS for SMEsArticle

As we head into the last few months of 2015, management should start to consider whether it may be beneficial to early adopt the amendments for their 2016 financial statements...

Struan Robertson, Issued by Meredith Harington 27 Oct 2015

Unilever opens state-of-the-art ice cream factory
Unilever opens state-of-the-art ice cream factoryArticle

Unilever South Africa has opened its first state-of-the-art ice cream factory in Africa in the Lords View Industrial Park, Midrand. The factory is one of 40 Unilever ice cream factories across the globe and sets new standards in green manufacturing and low-cost manufacturing, respectively...

14 Oct 2015

Learnerships conducive to BBBEE ratings
Learnerships conducive to BBBEE ratingsArticle

Companies seeking a more positive BBBEE rating in order to maintain or close new contracts that depend on their level within the framework are going to need to place a greater focus on achieving high scores across more criteria...

Steven Herscovitz 16 Jul 2015

Special Economic Zone Act will attract foreign investments
Special Economic Zone Act will attract foreign investmentsArticle

New investor incentives and benefits from the Special Economic Zone (SEZ) Act 2014 in South Africa will attract further domestic and foreign direct investment to South African industrial and special economic zones.

Chris Mashigo 8 Sep 2014

Compulsory community service for graduates
Compulsory community service for graduatesArticle

The proposal to introduce compulsory community service of at least one year for all graduates, irrespective of whether studies were self-funded or state aided, has drawn varied response from different sectors in South Africa.

23 Apr 2014

All eyes on Zuma ahead of SONA
All eyes on Zuma ahead of SONAArticle

All eyes will be on President Jacob Zuma tonight as he delivers his sixth State of the Nation Address and the last one for the current administration.

13 Feb 2014

Year end approaches - what you should be doing to save taxArticle

28 February is the end of the tax year for all individuals, trusts and many companies and close corporations. As we approach the year end and have a good idea of our overall income and tax position for the year, now is the time to take some critical decisions.

Issued by Meredith Harington 6 Jan 2014

NDP framework to create more jobs
NDP framework to create more jobsArticle

The National Development Plan (NDP) is expected to off-set job creation to desired targets over the next three years, Finance Minister Pravin Gordhan said on Wednesday (23 October).

24 Oct 2013

Carbon offsetting vs carbon reduction
Carbon offsetting vs carbon reductionArticle

Sustainability is something many companies have adopted in their overall business strategy. Many of these companies who have adopted this strategy have seen tremendous growth in their revenue streams. One of the areas of sustainability which companies strive for is to be carbon neutral.

David Bonellie 17 Oct 2013

Unemployment: What's to be of our future?Article

It's no news that both global and local unemployment stats have peaked at alarming rates. The problem begins with primary and secondary education or, more importantly, the lack thereof.

16 Aug 2013

Billion rand investment in South Africa by Unilever
Billion rand investment in South Africa by UnileverArticle

A new Unilever factory to produce brands such as Omo, Skip, Handy Andy, Domestos, Comfort and Sunlight amongst others, will be built in Anderbolt, Boksburg, adjacent to the company's main distribution centre in South Africa.

31 Jan 2013

Convicts cook for tourists on Italy islandArticle

PIANOSA ISLAND: Holiday makers arriving on the white sands of Pianosa island off western Italy are welcomed by hosts unlike any others, five prisoners still serving time who help manage a local hotel.

20 Aug 2012

Investment project creates jobs in BabelegiArticle

PRETORIA: A R500 million investment project has been launched in Babelegi, Hammanskaraal, creating over 130 permanent jobs.

8 Aug 2012

Manufacturing to benefit from R20 billion tax lureArticle

A new R20 billion tax incentive to encourage investment in new manufacturing assets and employee training was formally launched by Trade and Industry Minister Rob Davies.

Linda Ensor 9 Nov 2010

Tax could be the way out of aid dependenceArticle

JOHANNESBURG: Many African countries struggle with debt and finding money for national budgets because they fail to recognise taxation as a sustainable source of funding. Moreover, multinational companies are too easily given tax breaks while siphoning off money through illegal tax evasion.

Stanley Kwenda 29 Sep 2010

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