In 2022 alone, the government lost R15 billion in excise and R3 billion in VAT from these illicit sales.
Warren Buffett’s Berkshire Hathaway flirts with $1 trillion valuation, South Africa kisses another 100 businesses goodbye, McLaren unveils the new 700 hp Artura Spider, Children left in tears at Willy Wonka experience, and Shoprite billionaire Wiese returns to his diamond-hunting roots.
And so another gang of thieves gets the book thrown at them thanks to a scorned wife and incorruptible SARS investigators.
SARS is going to be using a finer comb from now on…
Many South African taxpayers might have had their hearts leap out of their chests when they received an SMS from the South African Revenue Service (SARS) on Tuesday.
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Seeing as how hiding your income in a sofa is frowned upon, you must give unto Caesar what belongs to Caesar. The experts can navigate this quagmire better than you, guaranteed.
Natasha Joubert crowned Miss SA 2023, Obama thought about ‘making love to men daily’, Sars to collect SABC TV licences, and Popular new dating tactic that women can’t get enough of.
In order to join the top 1% of the wealthiest South Africans, you need to make almost six times more than the average earner. But that doesn’t mean life is all rainbows and butterflies.
Tax. The word alone sends shivers down your spine, never mind the discomfort you might feel spending just one day queuing at your nearest SARS branch.
People are not leaving South Africa because the weather is bad and the people are unfriendly. They are leaving because the ruling government is incompetent and has the economic insight of an empty milk bottle.
As Themba Robin said, “If we can laugh together we can find solutions together!”.
Harry is spent, Motorola Razr is back, Justin Bieber cancels tour, Gin crafted from invasive Hyacinth, Iranian schoolgirls being poisoned, China converting jets into Kamikaze drones, Whiskey fungus shuts down Jack Daniels building plans, New travel pass at SA Airports, and Hoedspruit get heat lightning.
Deforestation in Brazil melting Himalayas, Ramaphosa wants State of Disaster, Djokovic back on top, How to pay less tax, Lisa Marie was broke when she died, Johannesburg has blue water, Lira is getting better, Oscar controversy, What’s with all the tech-layoffs? And the subtle art of complaining.
The tax year runs until the end of February 2023, which means there is still a bit of time to make sure you’re maxing out your tax benefits before the end of the 2022/2023 period.
The SA Revenue Service is asking Patricia Noah to pay back a massive sum she allegedly owes in tax debt.
The battle between SARS and Wiese is very far from over. However, the first-round win must be awarded to SARS after a ruling handed down by the Western Cape High Court.
Being paid in pounds or Euros or dollars and getting to spend them in South Africa is the dream. Dealing with SARS, on the other hand, can be a nightmare.
Deciding to live location independent to pursue a career that supports the island-hopping, “working near the waves” lifestyle does come with a few considerations and some irritating admin.
SARS generally issues warnings about scams as tax season kicks into gear and this year is no different.
Social media is full of South Africans wondering (pleading) where their refunds are, having been quick of out the blocks come July 1.
Deciding to emigrate isn’t as simple as selling your house and booking a flight abroad, of course, and that’s especially true when it comes to dealing with SARS.
If you live in South Africa and your social media feeds show luxury assets, you better hope you have the payslips to justify that high life.
Estimates on the cost of permanently increasing the Basic Income Grant vary wildly, with one study ranging between R160 billion and R520 billion annually.
Let me first ease your blood pressure by saying that January 31 is the deadline for provisional taxpayers, including trusts and companies.
According to one recent estimate, as many as 85% of working from home tax deduction claims submitted by individual taxpayers are being rejected by SARS.
The change would have a serious impact on those whose retirement plans involve moving abroad, so it’s being closely monitored.
In May, SARS announced it was forming an HWI unit, aimed at improving compliance amongst the country’s wealthiest citizens.
Fail to pay your taxes, and SARS will come knocking, with a number of new initiatives targeting everyone from businesses through to wealthy South Africans.
The National Treasury has now proposed a further tax on South Africans who intend to emigrate permanently.