In addition to deductions for individual drivers, economic incentives are increasingly available to the trucking industry as a whole. Trucking is not just a job, it is a profession, and treated as such by the Internal Revenue Service. ST. PETERSBURG, Fla. (PRWEB) February 15, 2021 If you are a truck driver, you are also a […]
On January 20, 2021, President Cyril Ramaphosa approved sweeping changes to our tax laws. While some of these were administrative in nature, there have been three very significant changes that will affect most people in South Africa. Criminal proceedings for negligence Certain negligent errors or omissions on your tax return can now lead to criminal […]
The Tax Laws (Amendment) Bill (No.2), 2020 (the Bill) was published in the Gazette with a view to making changes to various tax laws, as explained in more detail below. Once enacted, the bill will enter into force on January 1, 2021. However, we note that the National Assembly is currently suspended until February 8, […]