On Accounting – On Accounting

January 9, 2023

Gauteng drivers who paid for e-tolls set to be refunded nearly R7bn

Nearly R6.9 billion will be refunded to Gauteng motorists who have been paying their e-toll bills, however, it is unclear if they will be paid out in cash, or with vouchers and discounts. Speaking to eNCA, Vuyo Mhaga, spokesperson for Gauteng Premier Panyaza Lesufi said government entities were discussing how […]

December 5, 2022

SARS is shifting its approach when going after these taxpayers

The number of South Africans earning income abroad has been on the rise, piquing interest from the South African Revenue Service (SARS), says Victoria Lancefield, general manager at Tax Consulting SA and Khutso Makgoka, legal consultant at the company. SARS has adopted a new method of investigation into expats, who […]

November 21, 2022

Chance for an extra public holiday in December

There is still a chance that president Cyril Ramaphosa declares an additional public holiday in December 2022, says Cliffe Dekker Hofmeyr (CDH) – and if it happens, bosses will need to know how to pay their workers appropriately. According to the law firm, four of South Africa’s 12 official public holidays fall over the […]

November 6, 2022

Donations tax and tax exemptions

Donations and tax exemptions form an important part of one’s overall financial and estate planning. Donations tax and qualifying tax exemptions form an important part of financial planning and should form part of the annual review of your financial plan to ensure that you are not paying tax unnecessarily. The […]

October 31, 2022

South Africa’s 2022 medium-term budget in a nutshell

Finance minister Enoch Godongwana delivered the 2022 Medium-Term Budget Policy Statement (MTBPS) on Wednesday, 26 October. The budget touched on many points and topics that were raised in the lead-up to the speech, including the South African government taking over a portion of struggling power utility Eskom’s debt, and giving […]