CH Consulting’s Post

Unveiling the New Edition: Notes on South African Income Tax 2024 In our industry, the norm is often to remain composed and measured in our reactions. However, when the latest hardcopy of "Notes on South African Income Tax 2024" arrives, it's impossible not to share our excitement! 🎉 This comprehensive guide is essential for staying updated with the latest tax regulations and strategies in South Africa. It's more than just a book—it's an indispensable tool for professionals dedicated to excellence in the field of taxation. #silkefs #wealthcare

With expert insights and practical advice, we help you understand the tax implications of emigration and minimise your tax liabilities. Don't overlook the complexities of expat taxation - read our blog post and plan your financial future with confidence! https://lnkd.in/dGbXq3M6 0861 528 482 info@latitaafrica.com #TaxAdvice #LatitaAfrica

We’re not Eskom, we’re here to shed some light - well, shed some light on Personal Income Tax! 💡 In South Africa, the income tax thresholds vary based on age: - If you're younger than 65 years, you are liable to pay income tax if you earn more than R95,750 per year. - If you’re aged 75 or older, income tax becomes payable if you earn more than R165,689 per year. Knowledge is POWER! 😉 *A reminder that all provisional taxpayers are required to submit their returns for the 2025 first period by 30 August 2024. Telephone: 031 266 7801 Email: info@umpleby.co.za www.umpleby.co.za accounting | taxation | payroll | secretarial | advisory #umplebyandassociates #accounting #accountingservices #tax #taxseason #taxfact #accountingteam #accountingsa #incometax #incometaxsouthafrica #southafricantax #taxseason2023 #taxfiling #taxrefund #taxassistance #taxguides

🍽️ Lunchtime Learning: Understanding Your Tax Bracket in Personal Income Tax When it comes to personal income tax, one term you’ll often hear is ‘tax bracket’. But what does it mean? 🤔 A tax bracket refers to the range of incomes taxed at a given rate. In a progressive tax system like South Africa’s, tax brackets are designed so that individuals with higher incomes pay a higher tax rate. This is done to ensure fairness and equity in the tax system. 💰 For example, if you earn R200,000 per year, you fall into a different tax bracket compared to someone who earns R500,000 per year. The person earning R500,000 will pay a higher rate of tax on their income. Understanding your tax bracket is crucial as it helps you plan your finances better. It allows you to estimate your tax liability and make informed decisions about investments, deductions, and credits. 📈 At Aonani Financial Services, we’re committed to helping you understand your tax bracket and how it impacts your personal income tax. Reach out to us for personalized advice and guidance. Together, let’s shed some beautiful light on your finances! 💡🌈 #TaxBracket #PersonalIncomeTax #AonaniFinancialServices #TaxAwareness #FinancialPlanning #Accounting #Payroll #Taxation #Compliance #Finance #SouthAfrica 

🌍If you’ve earnt income from overseas, you’ll need to include it in your Australian tax return. 👉The financial year ends in December for over 100 countries! Remember to calculate your overseas earnings for the Australian financial year (1 July – 30 June). 👉Don’t forget to claim the foreign income tax offset if you’ve already paid tax in another country. This will help you avoid paying taxes on the same income twice. 👉Convert your foreign income into Australian dollars. 🔗More details can be found on the Australian Taxation Office website: https://bit.ly/3OJngSe ☎️If you have any questions, give us a call on (03) 9850 1953.   #kbsa #accounting #bookkeeping #tax #bulleen #eltham 

“…despite the many tax reforms undertaken over the years, most West African countries have a Tax/GDP ratio below 20% and a very slow revenue growth rate in comparison to other regions of the world.” On our throwback today, let’s take a look at the article “Tax System for Sustainable Development Goals in West Africa”.  By Abdelganiou OURO-ADOI Read the article here: https://lnkd.in/d-78-D6g #TaxMatters #FiscalResponsibility #TaxEducation #PublicFinance #TaxPolicy #RevenueGeneration #Taxation101 #FinancialStability #TaxAwareness #EconomicDevelopment #GovernmentRevenue #Budgeting #TaxCompliance #FundingTheFuture #TaxationSystem #CitizenResponsibility #TaxImpact #SmartTaxation #FinancialLiteracy #TransparentTaxation #TaxFairness #BudgetManagement #NationalDevelopment #TaxEfficiency #TaxationReform #SustainableFinance #IncomeTax #TaxJustice #CommunityInvestment #FundsAllocation #SDGs

✅In South Africa, individuals and companies need to submit their income tax returns, known as IRP6. Provisional Tax is a system where taxpayers, both individuals and companies, estimate and pay a portion of their income tax in advance to SARS. This helps in managing tax responsibilities more efficiently, preventing a large tax bill at the end of the financial year. It requires estimating income and expenses before year-end and paying a provisional tax amount to SARS. #taxreturns #taxseason #SARS #businesscompliance #businessgrowth

🔍Key Tax Reform Alert: Kenya's Cabinet Secretary, John Mbadi, has introduced the Tax Procedures (Amendment) Bill 2024, aiming to boost tax amnesty programs and streamline compliance deadlines. What might these changes mean for taxpayers and Kenya’s economy? Discover the potential impacts and how these reforms could reshape the fiscal landscape below. Insights by: victor chumba & Adrian Wata. #TaxReform #EconomicInsights #TaxCompliance #NdakalaAdvisory

*In order to get the conversation started, please consider adding a note to your share that includes some hashtags - #UpcomingBudget #BudgetSpeech #TaxPolicy #TaxObligations #FiscalLandscape #TaxConsultingSA #CapeTalk #Radio702 and please tag Tax Consulting South Africa and Radio 702.  

The new tax changes for capital gains are in effect. The motion introduced on June 10th includes one of the recommendations shared by our Joint Committee on Taxation. However, there is much more work to be done. CPA Canada will follow up with Finance in the coming weeks to address other considerations we believe should be included in the draft legislation expected in late July. Read what we are advocating for and the recommendations we are championing. https://lnkd.in/gsUXn8nY