Category - Investing

s12J

Buy your franchise with a tax deduction

Under section 12J of the Income Tax Act, investors can invest in qualifying venture capital companies and receive a 100% tax deduction on the amount invested, as long as the investment is held for a period of five years.

Bitcoin scamsters

Beware Bitcoin scamsters

As the returns from Bitcoin and other cryptocurrencies hit stratospheric levels, scamsters have crawled out of the woodwork to take advantage, as the lure of big profits makes people less cautious and more willing to hand over their money...

trading bitcoin

Bitcoin: the tax question

South Africa seems to be keeping pace with the current global Bitcoin trend, but do we know how will cryptocurrency be taxed by SARS and what the exchange control standpoint of the South African Reserve Bank will be?