Expert Corporate Tax Solutions for Businesses
Our Corporate Tax department provides expert guidance on navigating the complexities of tax regulations, ensuring compliance, and optimizing tax strategies for businesses. Whether you're a startup, SME, or large corporation, we offer tailored solutions to minimize liabilities, maximize savings, and support long-term financial success. From assistance with tax audits and tax planning to international tax structuring, our team is here to assist with every aspect of corporate taxation.
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FAQs
1. How do I know if I am a Provisional taxpayer?
You are a provisional taxpayer if you earn income outside of a salary, such as from a business, freelancing, or rental income. Employees earning only a salary are usually not provisional taxpayers.
2. When I am legally required to register for VAT?
You must register for VAT if your business's taxable income exceeds R1 million in any 12-month period. Voluntary registration is allowed if income is above R50,000 per year.
3. Can I claim tax deductions for personal expenses in my business?
No, personal expenses cannot be deducted. Only expenses directly related to generating business income, like rent, salaries, and office costs, are deductible.
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