Individuals with disabilities in South Africa who use vehicles for medical or mobility purposes may be eligible to claim a disability-vehicle cost deduction on their tax returns. SARS provides specific guidelines and updated rates per kilometer (km) to calculate allowable...
Category: South Africa – Tax
South African taxpayers with disabilities or special needs can benefit from various tax incentives aimed at reducing their financial burden. These disability-related tax benefits include deductions, credits, and exemptions designed to assist individuals in managing costs related to healthcare, accessibility,...
South Africa’s tax system provides several tax benefits and reliefs for individuals with disabilities or special needs. These incentives are designed to ease the financial burden associated with disability-related expenses and to promote inclusion. Understanding the available tax benefits, eligibility...
South Africa's SARS (South African Revenue Service) has modernized its tax clearance process by introducing digital tax-clearance certificates with QR-code verification. This advancement facilitates faster, more secure verification of tax compliance, especially important for individuals and businesses applying for business...
As cryptocurrencies continue to gain popularity in South Africa, SARS has set forth strict record-keeping standards to ensure taxpayers correctly declare their cryptocurrency gains. Compliance with these standards is essential for accurate tax reporting, avoiding penalties, and maintaining transparency with...