Our Service Coverage
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VAT REGISTRATIONS
VAT is only charged on taxable supplies made. Taxable supplies are supplies for which VAT is charged at either the standard rate (currently 15%) or zero rate (0%). There is a limited range of goods and services which are subject to VAT at the zero rate or exempt from VAT
CORPORATE TAX
The standard corporate tax rate is 27% (reduced from 28% effective 1 April 2022). Qualifying small business corporations are subject to the following progressive rates: Up to ZAR 91,250 – 0% Over ZAR 91,250 up to ZAR 365,000 – 7%
EMPLOYEE TAX
Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE.
PAYROLL SERVICES
A payroll system is any means of paying employees, depositing employment taxes and maintaining records of the transactions. These tasks can be accomplished via manual processes or they can be automated with software to save time and minimize the risk of error.
OBJECTIONS AND APPEAL
As a taxpayer you have the right to lodge an appeal where your objection has been disallowed in full or in part. The appeal must be lodged on the prescribed form within 30 business days from the date the objection was disallowed or partially allowed.
WITHHOLDING TAX
7.5% if the non-resident seller is an individual. 10% if the non-resident seller is a company, or. 15% if the non-resident seller is a trust. Withheld Tax must be paid to the tax commissioner by the last day of the month following the month in which the interest is paid.