Category Archives: Tax
23
Feb
Feb
Wow, what a serious topic but let’s not get too technical here but rather give a brief overview of the more pertinent issues relating to taxes. You or your company are taxed on your net profits. In other words: sales less expenses. This sounds easy enough however it is much more involved and technical than […]
14
Feb
Feb
VAT is a consumption tax. It is only levied once a product or service is consumed. VAT is additional revenue raised by the government by requiring certain businesses to register for VAT and then levy VAT on taxable goods or services. In essence, vendors act as agents on behalf of SARS. Businesses are required by […]