Yesterday, the South African Reserve Bank made a significant decision to reduce the repo rate by 25 basis points to 7.25%. This adjustment was driven by lower inflation expectations and the stability of the Rand. For organisations, this news brings a positive outlook, potentially impacting cash flow in a favourable manner. Adapting to environmental changes […]
What is provisional tax? Provisional tax allows corporate and individual provisional taxpayers to pay their annual income tax in advance by making two or three payments during a tax year. The aim is to prevent taxpayers from facing large income tax liabilities that are only revealed at the end of the year of assessment, when
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