When it comes to UK property South Africans often consider using a company structure for tax and succession planning. Inheritance Tax (IHT) Under Schedule A1 of the Inheritance Tax Act 1984, shares in a company that owns UK residential property…
Understanding South African salary taxes is essential for employers calculating the total cost of hiring. Based on a gross remuneration of R50,000.00, here’s a breakdown of mandatory contributions and deductions. UIF Monthly Contribution: 1% employee deduction &…
This article provides a Tax Deduction Breakdown of the total cost to a South African company for an employee earning a gross monthly salary of R100,000.00. Tax Deduction Breakdown: UIF, SDL, and WCA Contributions UIF Monthly Contribution: 1% employee deduction &…
This blog provides a South African Tax Example of the total cost to a company for an employee earning a gross monthly salary of R20,000.00. South African Tax Example: UIF, SDL, and WCA Contributions UIF Monthly Contribution: 1% employee deduction & 1% employer…
This guide explores South African Business Structures, outlining the key features, advantages, and disadvantages of each type to help you choose the best fit for your business. Business Structures in South Africa 1. Private Company (Pty) Ltd Key Features: Separate…
Overview: Foreign investors often face the decision of whether to set up operations in South Africa as a branch or a subsidiary. Each option has distinct legal, tax, and administrative implications. Key Differences: FeatureBranchSubsidiaryLegal Entity StatusNot a…