No matter who is President, Minister of Finance or SARS Commissioner, the National numbers will be the same at the national budget speech on 21 February 2018. A complete disaster!

TaxTim, a new online virtual tax assistant offers businesses of all sizes an efficient way to assist employees with completing their tax returns easily and helping them interact with SARS.

Many SA taxpayers no doubt feel this is their fate. But they are probably unaware of just how burdened they really are by taxes in their various guises and a heavier burden almost certainly lying ahead.

It is again time for us to get our documents for our tax returns in order.

This article outlines how the new turnover tax system will operate. In essence, the turnover tax taxes the turnover of a micro business, rather than its taxable income.

The South African Revenue Service (Sars) has launched a new tax system that will dramatically lower the time and cost of submitting tax returns for small businesses.

South Africa is well-located to be a hub for foreign companies setting up operations and head offices here and moving into Africa. But it needs to relook at certain aspects of its tax regime in order to entice the multinationals.

The boards of South African companies have three interlocking legal, moral and patriotic responsibilities, contends Pierre du Toit, advocate, chartered accountant and consultant with KPMG.