REPEAL OF THE FOREIGN EMPLOYMENT INCOME EXEMPTION

Just to recap – from 2001 South Africa adopted a residency based tax system, however, an exemption was granted in terms of section 10(1)(o)(ii) of the Income Tax Act in respect of foreign income. In terms of this section, if a South African resident rendered services for and on behalf of their employer, outside of…
Read more

The challenge of purchasing value-based healthcare cover

For the past decade medical scheme contribution increases have averaged 3-4% above CPI inflation, causing health care to become increasingly unaffordable for the average South African. Added to this, salary increases are generally linked to inflation. This means that, all things being equal South Africans have less disposable income in real terms should they wish…
Read more

AMNESTY FOR NIGERIAN TAXPAYERS

In May 2017, we communicated and warned that the Federal Government was going to implement a penalty rate for unpaid taxes on all employees, this penalty rate would increase from 15% to about 19% with effect from 1 July 2017. Shortly after the official launch of the governments tax amnesty program named - Voluntary Assets…
Read more

Shared Services and Outsourcing Africa Conference

We are proud to announce that we will be exhibiting at the Shared Services and Outsourcing Africa Conference as a Networking Partner, from the 29th to the 30th of June in Nairobi Kenya. The adoption of a shared services model has become a popular solution with companies around the globe seeking to cut operating costs, whilst…
Read more