WELCOME TO CERTIFIED TAX SERVICES
Offering comprehensive tax, accounting and advisory services tailored to meet the needs of businesses, expatriates and individual tax payers.
What we do
Providing Quality Tax Services & Consulting
Whether you’re a small to medium enterprise owner, expatriate, or individual taxpayer, we ensure your financial and tax obligations are managed with professionalism and care. Led by Tinashe Mashonganyika , a SARS-registered Tax Practitioner, we provide personalized and efficient solutions for every client.
Best Taxation Service
We deal with all aspects of South African and international tax and tax-related law, as well as ensuring SARS remains accountable for its administration of client tax matters. Our expertise includes but is not limited to vital experience in facilitating SARS refunds, SARS voluntary disclosure programs, audits and tax compliance.
What we do
Recognizing the complexities of tax matters, we guarantee full client confidentiality in all engagements and provide solutions that maximize tax efficiency while maintaining full compliance with fiscal laws and statutory requirements..
Personalised Service
Our competitive edge is built on our deep understanding of the South African tax environment and our personalized approach. Whether you’re a business, expatriate, or individual taxpayer, we provide services customized to your unique financial situation.
Solve All Your Tax Problems Under One Room
We’ll complete your tax return correctly, checking all deductions for maximum refund before filing at SARS.
Say goodbye to complexities and confusion.
Complete and submit your tax returns effortlessly.
What We Offer
Loose And Experienced Tax Preparation
We understand the unique tax and financial needs of expatriates and businesses, helping them navigate the complexities of South African tax law.
Consulting Services
Optomise your financial strategies
Tax Services
Comprehensive tax services for businesses, expatriates and individual tax payers
Accounting Services
Full accouning services ,Bookeeping, Financial Statements and Cash flow Management
Tax Advisory Services
Expert Tax advise and Planning tailored to individuals and businesses.
Liason Services with SARS
We assist tax-payers with interactions and negotiations with SARS.
Payroll Services
We provide comprehensive payroll services.
Meet Our ceo
A Registered SARS Tax Practitioner
Tinashe Mashonganyika is a registered SARS Tax Practitioner with extensive experience in tax advisory, accounting, and consulting. He leads Certified Tax Services with a client-first approach, ensuring all clients receive personalized attention and expert guidance.
Tinashe Mashonganyika
Caring For Your Taxes, So You Don’t Have To
Frequently Asked Questions
Useful links and tax questions answered.
Have Any Question?
If you still have a question send us an email on
info@certifiedtaxservices.co.za.
In South Africa, taxable income includes:
Employment Income:
1. Salaries, wages, and bonuses
2. Overtime pay
3. Allowances (e.g., travel, subsistence, meal)
4. Fringe benefits (e.g., company car, phone, accommodation)
5. Commissions
6. Directors' fees
Investment Income:
1. Interest (above tax-free thresholds)
2. Dividends (from non-South African companies)
3. Rent
4. Royalties
Business Income:
1. Profit from trading, manufacturing, or consulting
2. Income from sole proprietorships or partnerships
3. Income from companies (less allowable deductions)
Capital Gains:
1. Profit from sale of assets (e.g., property, shares, investments)
2. Gain from disposal of assets (e.g., sale of business)
Other Income:
1. Foreign income (if not exempt)
2. Income from trusts
3. Income from estates
4. Annuity income (above tax-free thresholds)
In South Africa, the amount you need to earn to pay tax varies based on your age. Here are the tax thresholds for the 2024 and 2025 tax years:
- Under 65: You need to earn more than R95,750 to be liable for tax .
- 65 to 74: The tax threshold is R148,217 .
- 75 and older: You'll be taxed if you earn above R165,689
Keep in mind that these thresholds apply to your taxable income, which might not be the same as your gross income. Taxable income is calculated after deducting certain expenses and exemptions.
In South Africa, exempt income refers to earnings or receipts that are not subject to income tax. Here are some examples of exempt income, as per the South African Revenue Service (SARS) and the Income Tax Act (1962):
Exempt Income Sources:
1. Interest income:
- Interest from South African government bonds.
- Interest from certain listed bonds.
- Interest from savings accounts (up to R23,800 for individuals under 65 and R34,500 for individuals 65+).
2. Dividends :
- Dividends received from South African companies (except for dividends from foreign companies).
- Dividends from listed Real Estate Investment Trusts (REITs).
3. Capital Gains:
- Primary residence (up to R2 million).
- Certain small business assets.
- Assets acquired before October 1, 2001.
4. Retirement Fund Benefits:
- Lump sum withdrawals from approved retirement funds (up to R25,000).
- Annuity income from approved retirement funds.
5. Foreign Income:
- Foreign employment income (if taxed in the foreign country).
- Foreign dividends (if exempt in the foreign country).
6. Donations and Gifts:
- Donations to approved Public Benefit Organisations (PBOs).
- Gifts received (except for gifts from employers).
7. Insurance Proceeds:
- Life insurance payouts.
- Disability insurance benefits.
8. Government Grants:
- Certain government grants for small businesses.
- Grants for research and development.
9. Scholarships and Bursaries:
- Scholarships and bursaries for education.
Other Exemptions:
1. Tax-free allowances for travel, subsistence, and meal allowances.
2. Fringe benefits (e.g., employer-provided accommodation, medical aid).
3. Certain foreign pensions.
Important Notes:
1. Exempt income may still be subject to other taxes (e.g., VAT, PAYE).
2. Exemptions may have specific conditions or limits.
3. Consult the Income Tax Act, SARS, or a tax professional for detailed guidance.
Would you like information on specific tax implications or clarifications on exempt income?