Types Of Tax In South Africa – SARS Air Passenger Tax Capital Gains Tax Corporate Income Tax Customs Duties Diamond Export Levy Dividends Tax Donations Tax Estate Duty Excise Duties and Levies International Oil Pollution Levy Mineral and Petroleum Resource Pay As…Read More »
SARS Customs Duties And VAT Customs duties are imposed by the Customs and Excise Act 91 of 1964. They are levied on imported goods with the aim of raising revenue and protecting the local market. They are usually calculated as a percentage…Read More »
SARS Corporate Income Tax Legal enhancements: For the year of assessment (YOA) commencing on or after 1 January 2016, foreign tax credits cannot be claimed as a rebate in terms of section 6quin due to the fact that this section has been…Read More »
SARS Capital Gains Tax Capital gains tax (CGT) is not a separate tax but forms part of income tax. A capital gain arises when you dispose of an asset on or after 1 October 2001 for proceeds that exceed its base cost.…Read More »
SARS Air Passenger Tax What is it? In 2000 the Minister of Finance announced that an Air Passenger Tax (APT) was to be instituted on chargeable passengers on a chargeable aircraft departing from an airport in the Republic to a destination outside…Read More »