Deloittes Pay Less Tax is an annual publication that is a guide to practical tax planning. It provides a wealth of tax planning tips and strategies for tax saving. Explained in simple and easily understood terms, this authoritative and practical guide is essential reading for every individual and small-business owner who has ever struggled to understand their tax obligations and who wants to structure their own tax affairs efficiently.

The work explains elementary principles underlying taxation; clarifies complex tax legislation by way of practical examples; discusses tax-related issues, such as your rights as a taxpayer, the assessment process and the importance of tax planning; identifies tax saving opportunities and suggests ways to avoid costly tax traps; deals with the taxation of foreign income following the residence basis of taxation as well as the implications of capital gains tax; examines the tax impact of investment and retirement decisions; defines the tax and foreign exchange implications of offshore investments; explains important tax issues affecting business, such as VAT, STC, and special allowances, and offers advice on how to minimise your potential estate duty liability.

The publication is available in printed and online format.

For more information or to order online visit our online bookstore

• General Tax Principles
  
  • An overview of the South African income tax system
  • Registering and accounting for income tax
  • The basics of South African income tax
  • The provisional taxpayer
  • Tax planning
• The employee
  
  • Employee issues
  • Company cars and travelling allowances
  • Structuring your salary package
  • Terminating your employment
• The business owner
  
  • Starting your own business
  • Calculating your business’s taxable income
  • Other taxes to consider
  • Independent contractors and labour brokers, personal service companies and personal service trusts
• The retiree
  
  • Saving for your retirement
  • Retirement and tax
• The investor
  
  • Reducing tax on your investments
• Transfer of capital
  
  • Dealing with capital gains tax
  • What you need to know about donations tax
  • Estate planning
• Foreign Income
  
  • South African tax implications of earning foreign income
• Trusts
  
  • Trusts as a tax tool
• Appendices
  
  • Normal tax rates
  • Tax treatment of lump sum benefits from pension, provident and retirement annuity funds
  • Claiming a deduction against your travel allowance
  • Capital allowances
  • Asset write-off periods acceptable to SARS
  • Interest rates
• Index