24 Oct

2023/2024 Budget Speech

Herewith a brief overview of the tax implications. INDIVIDUAL TAX The maximum marginal rate for natural persons remains at 45% and is reached when taxable income exceeds R1,817,001 (previously R1,731,600). The minimum tax rate remains at 18% on taxable income
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23 Oct

Fringe Benefits Tax

What is a Fringe Benefit? Fringe benefits usually refer to non-cash benefits granted to employees but do not constitute cash payments made. A fringe benefit is to be understood as a benefit that an employee receives, but which does not
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