Johannesburg, Tuesday 24 October 2017: Medical tax credits are effectively a fixed amount rebate which reduces the tax payable by taxpayers who make contributions to qualifying medical schemes, for themselves as well as their dependents. The credits replaced the previous system of tax deductions for medical expenses and were made effective from 1 March 2012.
Johannesburg, Tuesday 24 October 2017: Minister of Finance, Malusi Gigaba, will be the center of attention on Wednesday 25 October 2017 when he presents his first Medium Term Budget Policy Statement (MTBPS), since being appointed as the Minister of Finance in March 2017. The MTBPS is sure to set the scene for the forthcoming budget.
Six years ago, Peterson Khumalo waved goodbye to the comfort of a regular office job, for a less certain future as an entrepreneur. Today, his accounting and auditing firm is investing much of its resources into mentoring SMMEs. He shares his motivation for going the entrepreneurial route.