Limitation on Utilising Tax Loss

Limitation on Utilising Tax Loss

Together with the reduction in the Income Tax rate (from 28% to 27%), SARS implemented a limitation on the usage of a tax loss brought forward. This will apply to all companies with a year end from 31 March 2023, and therefore most companies will only see the impact...
Home Office Expenses

Home Office Expenses

What is home office expenses? Home office expenses are those expenses that relates to a person using an office to work from at his place of residence. SARS allows some of the expenses relating to your home to be tax deductible on your personal tax return in certain...