What is Tax?
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer by a governmental organization in order to collectively fund government spending, and public expenditures, or as a way to regulate and reduce negative externalities.
Top Tax Companies In South Africa
SAICA CA(SA)
The South African Institute of Chartered Accountants (SAICA) is the leading accountancy body in South Africa and one of the leading institutes in the world.
SAICA’s main role is to develop chartered accountants [CAs(SA)] to become leaders in government, businesses, and communities.
The Institute also plays an influential role in South Africa’s highly dynamic business sector. It offers a wide range of support services to its members.
CBO Accounting and Tax
CBO Accounting and Tax is an accounting firm in Durban focused on offering expert accounting, payroll, and tax services to small and medium enterprises in South Africa.
We work closely with our clients to ensure accurate financials and careful compliance with all corporate and tax authority legislation. Remote consulting is an option for our clientele with secure transfers in place!
Big Bay Group
Big Bay Group is a level 1 BBBEE diversified investment holding company that invests and/or actively participates in industries with high growth potential in South Africa.
Who We Are
We identify an opportunity that we either invest directly into companies via a robust due diligence methodology or identify suitable partners with the requisite skills, experience, and track record to partner directly
Is taxation in demand in South Africa?
You will also be in demand as South Africa is facing a shortage of tax practitioners, making this career path fit into the scarce skill category.
As you know, scarce skills make for bigger earnings so it is a wise option if you want to help the country and be prosperous at the same time.
How much does a professional tax specialist earn in South Africa?
At the time of this writing, the average pay for a Professional Tax Specialist (SA) is R473 271 per year, which translates to approximately R39 439 per month.
Which province pays the most taxes in South Africa?
It comes as no surprise that Gauteng, the most populous province, collects just over a third of all provincial taxes collected nationwide. KwaZulu-Natal comes in second place, followed by Western Cape.
Who pays the most tax in South Africa?
Only 17.9% of South African taxpayers earn over R500,000 a year, but makeup 52% of all taxable income in the country.
According to SARS, Gauteng still accounts for the largest number of taxpayers, with 2,177,191 (39.5%) of assessed taxpayers registered in the province.
How much does a tax consultant cost in South Africa?
South African Tax Guide (SATG) – Tax Consulting Cash Fees Structure 2021 (Including VAT )
| Individual Tax Services | |
| We provide the following individual tax services | Amount |
| General tax consultations | R350.00 /hour |
| Completion and submission of annual personal income tax returns (IT12) (1 IRP5 with no medical aid) | R750.00 |
| Completion and submission of annual personal income tax returns (IT12) – more than one IRP5 | Per Quotation |
| Registration for income tax and provisional tax | R800.00 |
| Provisional tax returns completion and submission (IRP6) – Nil Returns | R650.00 |
| Provisional tax returns completion and submission (IRP6) | R800.00 |
| Tax advice and planning (incl. Capital Gains Tax) | R350.00/hour |
| Liaise with SARS regarding queries (incl. objections to assessments) | Per Quotation |
| Personal Income Tax planning | Per Quotation |
| Residence-based taxation issues | Per Quotation |
| Estate planning | Per Quotation |
| Capital Gains Tax | R350.00/hour |
| Checking income tax assessments | R350.00/hour |
| Dealing with SARS queries | Per Quotation |
| Tax clearence certificates | Per Quotation |
| Employees Tax (for companies) | Amount |
| We advise on improvement of PAYE management processes by identifying cost saving and planning opportunities. We help clients with: | |
| Registration as an employer for Employees Tax | Per Quotation |
| Advice on the duties of an employer in relation to SARS | R350.00/hour |
| Remuneration structuring | R400.00/hour |
| Compliance testing tools and audits | Per Quotation |
| Applications for tax directives | Per Quotation |
| Objections and appeal | Per Quotation |