Rules published on Exemption from tax on certain property transfers
Rule 4 provides that subject to the provisions of rule 6 (which contains rules for ‘structured arrangements’), a person who makes a transfer to which these rules apply shall be exempt from the tax otherwise chargeable on that transfer in terms of article 5A of the Income Tax Act to the extent that it exceeds.. read more →
Published Rules on Tax on Overtime
The 15% rate applies to qualifying overtime income up to an amount not exceeding an amount derived by multiplying the number of qualifying overtime hours (up to 100 hours) by the rate per hour at which the overtime is paid (but not exceeding twice the hourly equivalent of the basic weekly wage). The hourly equivalent of.. read more →
Economic stimulus package 8 June 2020
Following the COVID-19 pandemic, on the 8 June, the Prime Minister, the Minister for Finance and Financial Services and the Minister for the Economy, Investment and Small Businesses announced a package of measures intended to regenerate the economy and this by implementing measures targeted to reduce operational costs of businesses, measures to incentivise domestic consumption and measures to support investment. read more →