Statistics South Africa announces important changes to the producer price and consumer price indices.

There have been a few changes implemented by the South African Revenue Service with regards to Employee's Tax (i.e. PAYE ) which employers need to be aware of.

During July, the general index was 9.6% higher than the corresponding month a year ago but when the quarterly figures are compared, the picture changes as the general index declined to 2.2%.

Business Unity South Africa (Busa), an organisation which aims to ensure that organised business plays a constructive role, within the context of the country ’s economic growth, development and transformation goals on Friday 9 September ......

The season for submitting income tax returns commenced on 1 July 2011. South African Revenue Services (SARS) indicated that at the end of July 2011, early- bird income taxpayers had submitted a record 872 928 returns to SARS during the first month .....

Jamie Oliver, the celebrated Master Chef, has announced plans for his four children, saying that as soon as each reaches the age of ten, he will put them to work in the family business.

Administrative penalties for non-compliance came into effect from 1 January 2009 in terms of Section 75B of the Income Tax Act, whereby taxpayers are charged a fixed or percentage based penalty for not complying with their tax obligations.

The process of employers deducting and paying tax on behalf of employees is the cornerstone of the Personal Income Tax process.

Surplus apportionment agreement reached for retirement funds in the engineering and metal industry

They say Taxation is the gentle art of plucking the goose in such a way as to secure the greatest amount of feathers with the least amount of squawking!