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02 04 2020

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

02 03 2020

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).

02 03 2020

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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