Once of the biggest frustrations is becoming a millionaire and realizing you owe the tax man 50% of that. We all dislike the tax man, and rightly so, especially in South Africa.
There are however ways you can reduce your taxable income and get some well-deserved money back after the financial year ends.
However, these strategies are not always as straightforward. You need to know about them and deliberately make an effort to claim your money back from SARS.
Timestamps:
00:33 How Tax Deductions Work
02:36 Strategy 1
03:44 Strategy 2
05:26 Strategy 3
06:36 Strategy 4
08:00 Strategy 5
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