Thinking about illness or incapacity is uncomfortable, but planning for it can spare your loved ones painful decisions later. While most people are familiar with a last will and testament, fewer understand the role of a living will – also called an advance directive. A last will and testament serves as a vital estate-planning instrument […]
Living Wills vs Last Wills: What you need to know Read More »
On 16 August 2025, National Treasury and SARS released the Draft Taxation Laws Amendment Bill (TLAB), 2025, together with the accompanying Explanatory Memorandum. The proposals are open for public comment until 12 September 2025, after which a revised Bill will be tabled in Parliament. The draft bill contains a number of significant proposals aimed at tightening loopholes,
Draft Tax Bill 2025: Key changes impacting Individuals, Companies and Trusts Read More »
The filing season for 1 March 2024 to 28 February 2025 is now open, and the COIDA submission deadline has been extended to 31 July 2025. Submissions made after this date will incur a 10% penalty for late submissions. So, with the COIDA deadline fast approaching, employers need to submit their Return of Earnings (ROE)
COIDA Return of Earnings deadline extended Read More »
The recent increase in VAT by 0.5% has significant implications for businesses and individuals, particularly for ongoing transactions that have not yet been completed. Understanding the “time of supply” is crucial, as it determines when VAT liability is triggered. The time of supply is the earlier of the invoice or the receipt of the payment.
Practical applications of the new VAT increase from 15% to 15.5% Read More »
As the end of the financial year approaches for companies with a February 2025 year-end, it is crucial to plan strategically to minimise taxable profits. One effective way to achieve this is by reviewing and incurring qualifying expenses before the year closes. Proper tax planning can help reduce the company’s tax liability and ensure compliance
Tax planning for February 2025: optimising expenditure Read More »
Taxpayers looking to make a difference in their communities while optimising their tax positions can do so through donations to Section 18A (s18A) charities. These donations not only support crucial public benefit initiatives but also offer valuable tax deductions. Under Section 18A of the Income Tax Act, individuals and businesses can make tax-deductible contributions to
Unlock tax benefits while giving back: how section 18a donations can work for you Read More »
With the introduction of new requirements by the Companies and Intellectual Property Commission (CIPC), companies must ensure they accurately disclose information on beneficial owners to remain compliant.
Understanding Beneficial Ownership: Key insights for compliance Read More »
If you’re planning to officially cease your tax residency in South Africa, there are several key steps and requirements you’ll need to navigate. As more South Africans take their financial plans abroad, understanding SARS’s recent updates on tax residency is essential.
Thinking of saying goodbye to South African tax residency? Here’s what you need to know. Read More »
With tax season in full swing, Galbraith Rushby is urging clients to stay vigilant against a surge in sophisticated email and SMS phishing scams targeting taxpayers. These scams are increasingly convincing, mimicking legitimate communications from the South African Revenue Service (SARS) and other authoritative bodies. “Phishing scams are becoming more refined and harder to detect,”
Galbraith Rushby warns clients of latest phishing scams this tax season Read More »
The 2024 tax filing season is upon us, and the South African Revenue Service (SARS) is leveraging advanced AI technologies to streamline the tax filing process. These advancements aim to enhance effectiveness, precision, and the overall user experience for taxpayers. Michael Rushby, Managing Director of tax and audit firm Galbraith Rushby, provides an overview of
SARS leverages AI enhancements for the 2024 tax filing season Read More »
Email: info@galbraithrushby.co.za
Tel: +27 (0) 21 447 3840
Address:
89 Roodebloem Road
Woodstock
Cape Town
7925
© 2025 Copyright Galbraith Rushby | Privacy Policy | PAIA Manual
