Matters realting to employees tax and provisional tax

Overlooked tax concession Jeanine Montocchio (LexisNexis - Tax Planning: Corporate and Personal) In appropriate circumstances an employer and an employee could make an arrangement that could be tax advantageous to the employee. It would seem that t...

Provisional tax—sanctioned chaos by Michael Stein © 2009 M L Stein (mlstein@iafrica.com) It is a sad fact that most of the people handling provisional tax, either for clients or for SARS, have never read the law on the subject, and are simply b...

Nil-value fringe benefits worth pursuing Jeanine Montocchio (LexisNexis - Tax Planning: Corporate and Personal)With employees struggling to make ends meet in these difficult times, an increased after-tax remuneration would be welcomed. The Income Ta...

Employees’ Tax 1737. Labour brokers and service providers June 2009 – Issue 118 The draft version of the Revenue Laws Amendment Bill, 2008 (RLAB) proposed far-reaching changes to the employees’ tax treatment of labour brokers and entities pr...

QUESTION A SME client has a June 2009 year end . It is very difficult to establish it's profits before year end for various reasons. Is the "hold on penalties" that was announced for the February provisional payments still applicable for t...

Employees’ Tax 1727. End of deemed travel allowances? May 2009 – Issue 117 National Treasury has recommended that the deemed mileage and cost method of determining the deduction against a travel allowance granted to employees be scrapped durin...

Provisional tax: a tax nightmare Monique Vanek 26 January 2009 It's now law: taxpayers will get stiff penalties if their second provisional tax payments are less than 80% of the final tax due, which is likely to cause a headache for many. It i...

End of the road for claiming deemed business mileage February 14, 2009 By Laura du Preez The days of claiming deemed mileages against a travel allowance paid by your employer are numbered. If you want to claim against a travel allowance, you wil...

 During the course of a tax year many events occur outside the normal monthly payroll run requiring an employer to re-evaluate the position of certain payments with respect to employee's tax. These include, inter alia, the exercise of share...

1900. Provisional tax and paragraph 19(3)   For every provisional tax period, a provisional taxpayer is required to submit an estimate to SARS of  taxable income for that particular year of assessment. For the first provisional tax pa...

1900. Provisional tax and paragraph 19(3)   For every provisional tax period, a provisional taxpayer is required to submit an estimate to SARS of  taxable income for that particular year of assessment. For the first provisional tax pa...

  Pension Budget impact and comments Thursday, 24 February 2011 06:47 Fin 24 Article "Employer contributions now taxable Feb 23 2011 14:04 Greta Steyn Pretoria - From March 2012, an employer’s...

  Group Life Assurance Policies These policies are long term insurance policies which provide benefits on the death of a member. They can be structured on an approved or unapproved basis. Approved Group Life Assurance Policies ...

 EMPLOYEES’ TAX  1938. Company Incentive Trip A Binding Class Ruling (BCR 018) released in May 2010 instilled fear in a number of employers.  Those that reward performance with fabulous overseas or even local trips may find themse...

  Payment pitfalls for provisional taxpayers October 25 2011 at 04:27pm  By Anthea Scholtz PFM Illustration: Colin Daniel Over the past few years, significant changes have been effected to the provisional tax rules. Howeve...