by Emile Hattingh | Aug 5, 2026 | Uncategorized
A Tax-Free Savings Account (TFSA) in South Africa is one of the most powerful tools for building wealth, as all interest, dividends, and capital gains inside the account are completely exempt from tax. As of March 2026, the annual contribution limit has been raised to...
by Emile Hattingh | Jun 1, 2026 | Uncategorized
🩺 Claiming Medical Expenses on Your Tax Return 1. What Medical Expenses Can Be Claimed? South African taxpayers may claim certain medical expenses as deductions or credits, provided they meet SARS requirements. These include: Medical aid contributions (as reflected on...
by Emile Hattingh | May 6, 2026 | Uncategorized
💡 Deemed income is a tax concept that often catches people off guard. It’s not money you actually receive in your bank account, but it’s treated as income by the tax authorities. In short, it’s about the economic benefit you enjoy, even if no cash changes hands....
by Emile Hattingh | Apr 14, 2026 | Uncategorized
The South African Revenue Service (SARS) has announced important updates regarding trust tax compliance and deregistration. These changes affect trustees, tax practitioners, and beneficiaries, and require careful attention. 📌 Deferral of Trust Penalties Administrative...
