The Office of the Tax Ombud (“OTO”) was created in 2013 and despite initial doubts as to its role has carved a niche for itself and gained credibility as a result. Recent legislation has strengthened the OTO. The Ombud was designed as a free service to taxpayers to assist them when there is poor service […]
TAX OMBUD NOW HAS MORE POWERS Read More »
2016 was our annus horribilis with drought, political uncertainty, low commodity prices, rising inflation and a weak currency. From such a low base, economists are arguing things should get better. What will drive the economy in 2017? Balance of Payments Our economy has been running a substantial trading deficit which puts pressure on the Rand
WILL 2017 BE BETTER THAN EXPECTED? Read More »
This summary was compiled by Pieter Steenkamp, Tax and Estate Specialist. Herewith a short summary of some of the tax proposals announced by the Minister of Finance, Pravin Gordhan in his budget on 22 February 2017. As far as income tax is concerned, these proposals are applicable to the 2018 tax year, i.e. year ending
