Monthly Archives: November 2016

Inflation’s different effects on different income groups – The danger for South Africa

Each month Statistics SA releases the inflation figure (CPI). Currently it is 5.9% which is a considerable improvement on February’s 7%. What is interesting is the CPI figure is a composite of five quintiles of income groups – from the … Continue reading

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The special voluntary disclosure programme begins – What’s changed?

We recently discussed the Special VDP which lets non-compliant taxpayers voluntarily disclose offshore assets and income in order to regularise both their tax and exchange control affairs.  As promised, here is an update for you on current changes to the … Continue reading

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Are you struggling to get your tax refund?

There is a feeling that taxpayers are getting fed up over the amount of tax they have to pay. Add to this the adverse publicity SARS has received as one of the focal points of the current political struggles and … Continue reading

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When your lease isn’t a “lease” – Beware, the National Credit Act’s protections don’t always apply

“In effect, [the High Court] held that the particular lease was not a lease. This may sound like a fragment of Alice in Wonderland. If that is so, it is because the [National Credit] Act itself could have been written … Continue reading

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Are we headed for junk status or only tax increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that fiscal consolidation in the absence of growth does damage growth further.”  (Finance Minister Pravin … Continue reading

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