March 2017

 

Dear Reader,

Welcome to our March newsletter. By now you are back to your busy schedule and daily work routine. However, as we are nearing the end of the first quarter of 2017, it is time to reflect on our business goals and objectives: Are we actively working towards our goals? Are we reaching our financial targets? Most importantly, how is the 2017 National Budget Review impacting our objectives, and how are we adjusting to stay ahead of the curve?

This month’s Tax News focuses on two important topics. In the first article we look at the 2017 Budget Review. A number of tax rate increases were announced, which may directly impact investment yields and re-investment bases of investors. Some of these developments, in particular the gradual increase in the trust tax rates, may require investors to reconsider investment holding structures. Several aspects up for review in 2017 by the National Treasury may significantly impact structures that house wealth.

In the second tax article we discuss loans and interest, and why you should consider the purpose of the loan when determining whether the interest is deductible or not.

We trust that the articles will provide you with vital business tips and information.

Remember to view the deadlines for tax returns, and make use of our employees at Wallrich that are dedicated to assist you.

Please note that our offices will be closed on 28 April 2017.

Wishing you a fruitful and prosperous financial year!

Regards,

Rhoderic and Chrisna Roberts
Partners

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