Personal income tax Relief through an increase in the brackets and rebates.Medical tax credits Increase in medical credits.Foreign remuneration exemption Exemption will be limited to R1.25m from 1 March 2020.Corporate interest on debt Deductions to be limited to combat base erosion and profit shifti
Persons subject to CGTCGT is payable on capital gains that arise by the following persons:Residents are subject to CGT on all assets including overseas assetsNon-residents are subject to CGT on immovable property or any right or interest in a property situated in South Africa and any asset of a perm
ASSET TYPECONDITIONS FOR ANNUAL ALLOWANCESANNUAL ALLOWANCESIndustrial BuildingsCost of buildings or improvements, provided building is used wholly or mainly for carrying on a process of manufacture or similar processEither 2%,5%, or 10% depending on date cost incurredCommercial & Residential Buildin
ASSET TYPECONDITIONS FOR ANNUAL ALLOWANCESANNUAL ALLOWANCESIndustrial BuildingsCost of buildings or improvements, provided building is used wholly or mainly for carrying on a process of manufacture or similar processEither 2%,5%, or 10% depending on date cost incurredCommercial & Residential Buildin