Paying Your CIBA Membership Fees: Income Tax and VAT implications
Paying professional membership fees is never easy, especially as the year ends and expenses pile up. However, did you know that with proper structuring, there are tax benefits you can claim on your CIBA membership fees? Whether you’re an employer covering fees for your team or an individual member paying out of pocket, understanding the VAT and income tax implications can help ease the financial burden. Don’t miss out on these valuable insights to make the most of your membership in 2025!
Tax Obligations of South African Tax Residents on Foreign Income
As a tax practitioner you may come across clients who earn income abroad, making it imperative to understand how foreign income is taxed. In this article we look into the responsibilities of South African tax residents, and provide practical illustration on how Section 10(1)(o)(ii) of the Income Tax Act is applied to determine the portion of the withholding tax.
Tax Considerations for Secured and Unsecured Term Loans in South Africa
Delve into the essentials of tax implications for both secured and unsecured term loans in South Africa. Understand the pivotal role of Section 8F in recharacterizing interest as dividends and how recent amendments affect your tax planning. Ideal for businesses and accountants seeking clarity on hybrid debt instruments and dividend tax exemptions