Income Tax Guide for Tax Practitioners
Ā
Income Tax Tables: Individuals
Natural person or special trust
Tax rebates: Individuals
Tax thresholds: Individuals
Medical scheme fees tax credits per month
Local interest exemption: Individuals
Tax free investments: Individuals
Donations tax
Estate duty
Fringe benefits
Travel costs
Retirement benefits
Capital gains tax
Income Tax Tables: Corporate Tax
Companies and Trusts
Small Business Corporations (SBC)
Micro Businesses
Learnership agreements
Value Added Tax (VAT) Rates and Amounts
Value Added Tax (VAT) Rates and Amounts
Transfer Duty
Transfer Duty Rate
Withholding Taxes: Transactions with non-residents
Withholding Tax Rates
Penalties
Understatement penalties
Fixed amount penalties
Interest rates
Prime interest rates
Prescribed and official interest rates
Foreign Exchange Allowances
Foreign Single Discretionary Allowance (SDA)
Export of Krugerrand coins
Travel allowance
Study allowance
Foreign Capital Allowance (FCA)
Residents temporarily abroad
Import payments: credit and debit cards
Import payments: Authorised Dealers
Connected persons
Connected person rules: Income Tax
Wear and Tear and Capital Allowances
Capital allowances
Wear and Tear rates
Residents
Residency test
Ceasing to be a tax resident
South African interest
Foreign interest
South African dividends
Foreign dividends
Tax-free investments
Restraint of trade receipts
Foreign trading activities
Foreign employment income
Foreign lump sum, pensions and annuities
Unemployment insurance, death and other compensation benefits
Non-residents
Non-residents tax
Business income
Dividend income
Interest income
Rental income on fixed property
Rental income on moveable property
Remuneration and fees
Royalties
Foreign entertainers and sportspersons
Disposal of fixed property by non-residents
Service fees paid to non-residents
Withholding taxes on interest and royalties paid to non-residents
Allowances and reimbursements
Allowance vs reimbursement
Travelling and car allowance
Reimbursive travel allowance
Subsistence allowance
Uniform allowance
Fringe benefits
Fringe benefits
Acquisition of an asset at less than the actual value
Long service awards
Low cost housing
Right of use of an asset
Use of a company motor vehicle
Free or subsidised meals and refreshments
Residential accommodation
Holiday accommodation
Free or cheap services
Insurance policies
Low interest or interest free loans
Payment or release of employee's debt
Bursaries and scholarships
Relocation benefits
Medical aid contributions, expenses and credits
Costs relating to medical services
Contributions to retirement funds by employer
Share incentive schemes
Deductions for Individuals
Retirement fund contributions
Donations
Home office expenses
Travel expenses
Tax credits:Ā Individuals
Temporary rooftop solar incentive
Retirement benefits
Annuities
Lump sums received from an employer
Severance benefit
Lump sum benefits received from South African retirement funds
Tax on a retirement fund lump sum or severance benefit
Tax on a retirement fund lump sum withdrawal benefit
Tax neutral transfers to other funds
Exemption of qualifying annuities
Companies and Trusts
Small Business Corporations
Personal Service Providers
Micro Businesses
Bodies Corporate
Trusts
Public Benefit Organisations
Recreational Clubs
Employment Taxes
Remuneration and variable remuneration
Employees' tax
Employees' tax certificates
EMP501 returns
Employment Tax Incentive (ETI)
Skills Development Levies (SDL)
Unemployment Insurance Fund (UIF)
Learnership allowance
Insurance policies
OtherĀ Taxes
Dividends Tax
Value Added Tax (VAT)
Donations Tax
Estate Duty
Securities Transfer Tax (STT)
Provisional Tax
Capital Gains Tax (CGT)
General
Doubtful debt allowance
Interest free or low interest loans with trusts (Section 7C)
Tax Administration Matters
Lodging a complaint with the Office of the Tax Ombud (OTO)
Tax compliance status
Notification of an audit
Request for relevant material
Persons who may be interviewed by SARS
Assistance during field audit or criminal investigation
Issuance of assessments
Estimated assessments
Auto-assessments
Reduced assessments
Objections against an assessment or decision
Payment of tax
Liability of third parties
Refunds and interest
Delivery of documents
Deregistration of non-compliant tax practitioners
Illegal use of the SARS trademark
Penalties and interest
Administrative non-compliance penalties
Percentage-based penalty
Remittance of penalties
Understatement penalties
Remittance of interest
Miscellaneous
Criminal offences
Tax evasion, fraud or theft
Voluntary Disclosure Programme (VDP)
Retention of records
