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  2. Taxation in South Africa - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_South_Africa

    Categories of Tax within South Africa Type of tax Revenue in Rands 2017/18 Percentage of Total Revenue Income and Profits: R 711.7 bn: 58.5% Payroll and workforce: R 16.0 bn: 1.3% Property: R 16.5 bn: 1.4% Domestic goods and services: R 422.2 bn: 34.7% International trade and transactions: R 49.9 bn: 4.1% Miscellaneous State Revenue (R 0.0024 ...

  3. South African Institute of Tax Practitioners - Wikipedia

    en.wikipedia.org/wiki/South_African_Institute_of...

    SAIT publishes TaxTalk every two months. The magazine deals with tax issues for the South African market. [6] In 2014, in comparison to the global average top rate of 32%, South Africa’s top personal income tax rate of 40% was high, and in comparison to the global average corporate tax rate of 24%, South Africa's was 28%.

  4. Custodial account - Wikipedia

    en.wikipedia.org/wiki/Custodial_Account

    Custodial accounts come in a number of forms, one being an account set up for a minor, since the minor is under the legal age of majority. The custodian is often the minor's parent. In the U.S., this type of account is often structured as a Coverdell ESA, allowing for tax-advantaged

  5. Expatriation tax - Wikipedia

    en.wikipedia.org/wiki/Expatriation_tax

    The new expatriation tax law, effective for calendar year 2009, defines "covered expatriates" as expatriates who have a net worth of $2 million, or a 5-year average income tax liability exceeding $139,000, to be adjusted for inflation, or who have not filed an IRS Form 8854 [20] certifying they have complied with all federal tax obligations for ...

  6. Stokvel - Wikipedia

    en.wikipedia.org/wiki/Stokvel

    In 2022, after receiving several complaints from the public, South Africa's Financial Sector Conduct Authority released an official warning to the public regarding "The Prosperity Grid", saying that although it resembled a traditional stokvel, they considered its structure to be a pyramid scheme in the style of the 1980s US "airplane game".

  7. Container-deposit legislation - Wikipedia

    en.wikipedia.org/wiki/Container-deposit_legislation

    Approximately 75% of beer containers, 45% of soft drink containers, and some wine and spirits bottles participate in the scheme.: 94 South Africa was noted in 2012 as one of the few countries that included plastic bottles in its schemes. [1] Aside from bottles, similar deposit-refund schemes exist in South Africa for batteries, cars, and tyres.

  8. South African Revenue Service - Wikipedia

    en.wikipedia.org/wiki/South_African_Revenue_Service

    The Union of South Africa came into existence on 31 May 1910, uniting the Cape Colony, Transvaal Colony, Colony of Natal, and Orange River Colony.Three months later, on 9 August, the Governor-General, Herbert Gladstone, retroactively appointed Joseph Clerc Sheridan, Esq., as the acting Commissioner for Inland Revenue with effect from 1 July 1910. [15]

  9. Deposit Guarantee Scheme Directive - Wikipedia

    en.wikipedia.org/wiki/Deposit_Guarantee_Scheme...

    Article 6 requires that the "coverage level" is €100,000 "in the event of deposits being unavailable". It also requires greater coverage for 3 months to 12 months for residential transactions, social purposes or insurance and compensation money. This directive updates the previous directive 94/19/EC of 30 May 1994 on deposit-guarantee schemes ...

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