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There is no
prohibition in South African tax
law on minimizing your tax
payable. The principle is
actually well part of our common
law. We have a section enacted
in our Income Tax Act that deals
with transactions that are
solely entered into for the
purposes of tax evasion.
However, SARS has lost a couple
of cases on when applying this
section, as tax saving plans
often passes a business or
substance test.
Proper tax
planning is not something that
one can really do when you
submit your tax return. People
who really save a lot of tax are
those that consider the tax
consequences of every
transaction or investment they
make. It is a continuing process
and the help of a knowledgeable
tax advisor can really save you
money.
The
structures we create for you in your
business and family has an immediate effect
on security, risk and taxation and these are
benefits we believe all our clients should
have. ONEtax's
specialises in advising and
setting up structures for Individuals, Trusts,
property investors and SMME's.
There is no pushing work
down to clerks, like what
they do in big corporate
companies. You get
individual attention from
the founder and Managing
Director of ONEtax.
You tap into his wealth of
expertise directly. See his
CV
for more.
The advice, business
structures and planning are affordable.
Do not think about how much
these structures cost, but just think about
how much it will cost you if you do not set
up these structures. Think about the
vulnerability of your assets for attachment
and the potential tax savings that are lost.
We also specialise in
providing essential tax planning and advice
on most of the South African taxes. We
provide effective advice on Income Tax,
Capital Gains Tax, Estate Duty, STC,
Personal Tax, Donations Tax, Foreign Tax,
Trust Tax and more. We also implement powerful
tax saving tools. Click on
SA Taxes for more.
Contact us for more
information.
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