Total Cost to Company
Basis of Remuneration Explained 1. What is a ‘Total Cost to Company Compensation Package’? The concept of a Total Cost…
Newsletters & Articles
2011/2012 Tax Tables
Rates of Tax 0 – 150 000: 18% of taxable income 150 001 – 235 000: R 27 000 + 25% of…
2012 Budget Summary
After inflation and increases in other indirect taxes are taken into account, the R 8.1 billion in tax relief that…
News from SARS and Mid-year Submissions
It’s mid-year already! Tax Year End, Budget Speech, – WSP’s, SETA’s and Filing Season seem to cause time to fly…
Filing Season for Employees
SARS have now published dates regarding the Employee filing season. They are: 1 July 2011 – The submission period opens…
Hospitality Sector Minimum Wages as from 1 July 2011
NB: The current wage increases have been determined by utilising the CPI (excluding owners’ equivalent rent) reported by Stats SA…
Draft Amendments Effective March 2012
As mentioned in the budget, the “cap” tax relief will effectively fall away and be replaced by a tax “credit”…
New Earnings Threshold
Labour Minister Mildred Oliphant has announced an increase in the earnings threshold in the Basic Conditions of Employment Act (BCEA)…
Are employees paid twice for Sunday/Monday Public Holiday work?
In the Randfontein Estates v National Union of Mineworkers (2006) 27 ILJ 1200 (LC), Randfontein Estates sought an order declaring…
Capital Gains Tax Recap – After the Budget Speech
The tax free portion on Individuals and Special Trusts is up from R17 500 to R20 000 The tax free…
UIF – A Quick Recap After the Budget Speech
The earnings limit/ceiling has increased since the speech. There will be some very interesting developments regarding online/instant submissions being released…
Some Food for Thought After the Budget Speech
Estimated tax collection for 2010/2011 was R650 billion Of this, R224 billion (i.e. 35%) comes from individuals About 45% of…