Search results
Results from the WOW.Com Content Network
The National Student Financial Aid Scheme was established in 1996, replacing the Tertiary Education Fund of South Africa (TEFSA) in 1999. [8] The TEFSA program was a non-profit company which managed and administered NSFAS since its establishment until 2000. In 1999, TEFSA was converted into a statutory body called NSFAS. [9]
These are the steps you should take to claim charity donation tax deductions: Calculate your total amount of contributions. Determine if it’s better to take the standard deduction or to itemize.
It's compulsory for a business to register VAT remission when the value of taxable supplies in a 12-month period exceeds or is expected to exceed R1 million. VAT in South Africa currently stands at 15% as of 1 April 2018. [26] Value Added Tax (VAT) was first introduced in South Africa on 29 September 1991 at a rate of 10%. In 1993 VAT was ...
The Kubus scheme was a scheme that originated in South Africa in the 1980s and was subsequently exported to the United States. It involved the cultivation of milk yeast cultures, which was sold to the originator, and the recultivating of the next batch. The producers had to canvas new members to the organisation to ensure sustainability.
So, for example, a couple may have itemized deductions of $20,000 and decide that they want to establish a fund with a $50,000 contribution and reap the additional tax deduction.
This charitable giving can help cut back on your taxes.
Social welfare programmes have a long history in South Africa. [3] The earliest form of social welfare programme in South Africa is the poor relief distributed by the Dutch East India Company and the Dutch Reformed Church (DRC) in 1657. [4] The institutionalised social welfare system was established after the British occupied the Cape Colony in ...
SASSA R350 grant is designed to help unemployed South African between the age of 18–59 years with no source of income. SASSA aims to eliminate long queues at its local offices across the country, so that beneficiaries can check payment dates and application status online, SASSA ensures smooth experience when applying for their Social Grants.