E M Luiz

FACTS !!!

· All businesses are subject to income tax on any profits (taxable income) they make. 

 

· If your turnover is, or is likely to be, over R 1 000 000 during any consecutive 12 month period, you or the entity through which you operate will have to register for VAT.

 

· If you employ staff, you will have to register your business for  purposes  :          pay as you earn  (PAYE)

                                  skills Development Levy (SDL)

                                  unemployment insurance fund (UIF).

 

· If you run your business as a sole trader or in a partnership, or are a company or close corporation then you are also liable to pay provisional tax.

 

· If you sell any asset for more than you paid for it or for more than its value at 1 October 2001, if you bought it prior to that date, then you will have to pay CGT on the gain.

 

· Various other taxes and duties can become payable such as :

                 donations tax,

                 estate duty,

                 transfer duty,

                 stamp duties,

                 standard tax on companies (STC),

                 securities transfer tax (STT)

                 annual duty payable to CIPC

                 workmen’s compensation levy .

 

· Estates need to be planned and administered to suit individual needs to maximize your wealth and provide for the need of you and your family.

 

 

Phone: +27 (0) 33 345 0282

Fax: +27 (0) 33 394 0746

E-mail: info@emluiz.co.za

Website http://www.emluiz.co.za

To contact us:

Taxation and estates

Chartered Accountants (S.A.)

Registered Auditors
Text Box: We will develop an intimate understanding of your company and offer practical suggestions and tax planning to help steer it through the years ahead. We also understand the importance of flexibility and we pride ourselves in our ability to rapidly respond to change and capitalise on new challenges.

For more information about this service:

E-mail: bonita@emluiz.co.za