Which Employees Pay PAYE Tax in South Africa?
Pay-As-You-Earn (PAYE) is one of the most common forms of tax in South Africa, yet many employees are unsure whether they fall under this system or how it actually works. Understanding PAYE is crucial for both employees and employers, as incorrect deductions or...
Is South Africa Reaching Its Tax Tipping Point?
South Africa’s economy is under mounting pressure from a growing tax burden, complex compliance requirements, and limited returns on public spending. As the cost of compliance rises and taxpayers shoulder increasing rates of VAT and income tax, many are beginning to...
National Treasury makes u-turn on foreign retirement benefit exemption plans
The National Treasury decided to reconsider its earlier proposal to remove the tax exemption on foreign retirement benefits for South African residents. The initial proposal would have resulted in pensions earned by professionals and retirees from their time working abroad becoming subject to tax in South Africa. In its advocacy efforts, SAIT, expressed concerns that the change could impact the country’s appeal to skilled immigrants and returning expatriates potentially subjecting these groups to forms of taxation from which they were previously exempt. Acting Deputy CEO Keitumetse Sesana, provides insights on the significance of this reversal in this interview with Newsroom Afrika.
5 minute video

