4 articles tagged “Tax”
Since 2010, South African tax law has deemed Murabaha mark-ups and Musharaka profit payments to be interest, deductible for your business like any loan cost. How the least-known law in Islamic finance works.
Zakat to a SARS-approved PBO with Section 18A status can reduce your taxable income. Zakat to an individual cannot. The mechanics, the limits and the checks.
A TFSA shelters R36,000 a year and R500,000 over a lifetime from all investment tax, and nothing about the wrapper is haram. What matters is what you put inside it. The compliant options, ranked.
Without one section of the Income Tax Act, every Islamic finance structure in South Africa would be taxed twice. How Section 24JA delivers parity, and where it stops.