Free tool · Technology + Finance

Cloud Capex → Opex: the after-tax NPV calculator

Moving infrastructure to the cloud shifts a capital purchase into an operating subscription. The benefit is not a bigger tax deduction — it is the timing of that deduction and your cash. This tool models the difference under South African tax rules.

Your numbers

All amounts in ZAR, excluding VAT. Defaults are illustrative.

How to read this — and the mistake to avoid

Both routes are fully deductible. You write off the entire cost either way — hardware as a wear-and-tear allowance under section 11(e) of the Income Tax Act (the periods are set out in SARS Interpretation Note 47), and a cloud subscription as an ordinary expense under section 11(a). The total deduction is essentially the same, so "go cloud and save tax" is the wrong headline.

What actually changes

The real difference is when the deduction and the cash land. Buying hardware spends all the cash today but releases the tax benefit slowly over the write-off period. Cloud spends as you go and deducts in the same year — and it ties up no capital. Discounting both after-tax cash-flow streams at your cost of capital captures that as a net present value.

Why the answer is not always "cloud"

A Small Business Corporation claiming accelerated 50/30/20 allowances under section 12E, a low discount rate, or cheap, long-lived hardware can all tip the result back toward Capex. Disposal is handled both ways: replacing hardware before it is fully written off releases the unclaimed tax value as a scrapping allowance under section 11(o), while a sale recovers prior allowances as a recoupment under section 8(4)(a) — a complication the cloud route avoids entirely. This tool will tell you when buying is the better call — that honesty is the point.

Not tax advice. This tool illustrates the general mechanics under South African tax law; confirm the treatment of your specific facts with a registered tax practitioner before any decision. Not modelled: VAT timing, debt-financing effects, capital gains on proceeds above original cost, and any terminal value of hardware still in use at the horizon end.