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.
SARS Commissioner Edward Kieswetter has made it clear that tax rogues are in the crosshairs, and recent action backs that up.
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.
Tax season is officially upon us, and in order to simplify and speed up the process, SARS will be actioning auto assessments. Before accepting, there are a few things to consider.
Three of South Africa’s largest cryptocurrency exchanges have been approached by SARS, which is looking into South Africans involved in “the mining, speculation and/or investment in crypto assets”.
SARS is being rather proactive this year, with the first batch of ‘welcome letters’ to high wealth individual taxpayers already sent out.
Tax season – if those two words send shivers down your spine, you’re not alone. Here are the most important dates to jot down so you don’t miss a deadline.
SARS issued a statement this week pointing out a high degree of non-compliance in the short-term rental sector, with Airbnb income clearly under scrutiny.
Simple mistakes that might previously have earned taxpayers a slap on the wrist could now see you spending up to two years in jail.
South Africa made an important tax change as of January 1, 2021, that you may not be aware of.
SARS is being inundated with desperate calls from taxpayers who have fallen victim to scammers promising to secure large tax refunds.
Nobody likes receiving the news that they’re under audit from SARS, but there’s no need to panic just yet.
Submitting a tax return to SARS is always a rather nervy affair, and now a proposed amendment to the law has practitioners worried about the implications.
If SARS issues you with an auto-assessment, usually done via SMS, you should first check that a few things are in order before accepting.
SARS has made some changes, and it’s safe to say that tax season will look a little different this year.
The Pretoria High Court has ruled in favour of the taxpayer in a recent court case, which has implications for how SARS collects your tax.
On May 5, SARS announced new tax filing seasons and a much more heavy-handed approach to those who don’t comply.
Living overseas? You need to figure out whether you’re a non-South African tax resident, or a South African tax resident, before SARS comes knocking.
Applying for the funds and relief measures available to help South African businesses during lockdown can be quite arduous, which isn’t the case with every country.
In order to give South African businesses and business owners the best chance of obtaining financial relief, Galbraith | Rushby have summarised what help is available.
What happens if your tax submissions are filed late as a result of COVID-19, and you incur interest and penalties?
Many business owners have been wondering and waiting for news on how to apply for the COVID-19 TERS relief fund.
The so-called ‘Expat Tax’ changes have been looming large in the distance for a while now, but the time for implementation has almost arrived.
Most of us don’t really know what we’re doing when we fill out tax returns, which is why people are prone to making these four crucial mistakes.