Services - Leedah Consulting

info@leedahconsulting.co.za

OUR SERVICES

VAT Registration and Compliance

VAT is only charged on taxable supplies made. Taxable supplies are supplies for which VAT is charged at either the standard rate (currently 15%) or zero rate (0%). There is a limited range of goods and services which are subject to VAT at the zero rate or exempt from VAT.

Corporate Tax Compliance and Queries

The standard corporate tax rate is 27% (reduced from 28% effective 1 April 2022). Qualifying small business corporations are subject to the following progressive rates: Up to ZAR 91,250 – 0% Over ZAR 91,250 up to ZAR 365,000 – 7%

Employee Tax Compliance and Queries

Employees’ Tax refers to the tax required to be deducted by an employer from an employee’s remuneration paid or payable. The process of deducting or withholding tax from remuneration as it is earned by an employee is commonly referred to as PAYE.

Personal Tax Compliance and Queries

Your average tax rate is 20.7% and your marginal tax rate is 33.8%. This marginal tax rate means that your immediate additional income will be taxed at this rate. For instance, an increase of R 100 in your salary will be taxed R 33.79, hence, your net pay will only increase by R 66.21.

Taxable Income (R)	Rate of Tax (R)
1 – 87 300	0% of taxable income
87 301 – 365 000	7% of taxable income above 87 300
365 001 – 550 000	19 439 + 21% of taxable income above 365 000
550 001 and above	58 289 + 28% of the amount above 550 000

Payroll Services

A payroll system is any means of paying employees, depositing employment taxes and maintaining records of the transactions. These tasks can be accomplished via manual processes or they can be automated with software to save time and minimize the risk of error.

Objections and Appeals

As a taxpayer you have the right to lodge an appeal where your objection has been disallowed in full or in part. The appeal must be lodged on the prescribed form within 30 business days from the date the objection was disallowed or partially allowed.

Withholding Taxes

7.5% if the non-resident seller is an individual. 10% if the non-resident seller is a company, or. 15% if the non-resident seller is a trust. Withheld Tax must be paid to the tax commissioner by the last day of the month following the month in which the interest is paid.

Real time reports and standing with SARS

Lets help you Register all tax types. Prepare and file Income Tax returns.

The goal of the taxpayer is to receive the correct tax assessment and to pay the correct amount of tax. By supplying the correct and complete information in the correct format through a registered tax practitioner the taxpayer can ensure the maximum refund possible or the correct amount of tax to pay legally.

Let us (Leedah Consulting) help you understanding and get up to date with your tax affairs. We shall Register all tax types. Prepare and file Income Tax returns for individuals and all types of businesses. Prepare and file PAYE returns. Prepare and file VAT returns.

The introduction of SARS’s single registration system means that tax practitioners are able to perform their work more easily and efficiently as all the tax affairs of their clients will be linked to their profile at SARS.