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taxes
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Make Sure You’re Maxing Out These Tax Benefits Before The End Of The Year
28 Nov 2022 by Jasmine Stone / No Comments
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.
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SARS One, Christo Wiese Zero
07 Nov 2022 by Jasmine Stone / No Comments
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.
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Work Abroad? Dealing With SARS Just Became A Whole Lot Harder
13 Oct 2022 by Jasmine Stone / No Comments
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.
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Becoming A Digital Nomad Does Have Some Tricky Tax Implications
26 Sep 2022 by Tayla / No Comments
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.
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Watch Out For The Latest Scam SARS Emails
15 Aug 2022 by Jasmine Stone / No Comments
SARS generally issues warnings about scams as tax season kicks into gear and this year is no different.
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Taxpayers Leaving SA Are Getting Hit With SARS Rejection Letters
26 May 2022 by Jasmine Stone / No Comments
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.
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Posting On Social Media Can Land You In Hot Water With SARS
06 Apr 2022 by Jasmine Stone / No Comments
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.
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Keep An Eye Out For These Potential Tax Hikes
10 Feb 2022 by Jasmine Stone / No Comments
Estimates on the cost of permanently increasing the Basic Income Grant vary wildly, with one study ranging between R160 billion and R520 billion annually.
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Don’t Forget About That January 31 Tax Deadline
25 Jan 2022 by Jasmine Stone / No Comments
Let me first ease your blood pressure by saying that January 31 is the deadline for provisional taxpayers, including trusts and companies.
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Good Luck Trying To Claim Home Office Expenses From SARS
03 Dec 2021 by Jasmine Stone / No Comments
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.
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It’s Gone Rather Quiet On The ‘Exit Tax’ Front
10 Nov 2021 by Jasmine Stone / No Comments
The change would have a serious impact on those whose retirement plans involve moving abroad, so it’s being closely monitored.
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There’s A Fine Line Between Tax Avoidance And Tax Evasion
16 Sep 2021 by Jasmine Stone / No Comments
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.
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Thinking Of Emigrating? Watch Out For That ‘Exit Tax’
16 Aug 2021 by Jasmine Stone / No Comments
The National Treasury has now proposed a further tax on South Africans who intend to emigrate permanently.
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A Word Of Caution About That SARS Auto Assessment
01 Jul 2021 by Jasmine Stone / No Comments
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.
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SARS Is Sniffing Around For Information On SA Crypto Traders
01 Jun 2021 by Jasmine Stone / No Comments
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”.
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Wealthy South Africans Can Expect This Letter From SARS
06 May 2021 by Jasmine Stone / No Comments
SARS is being rather proactive this year, with the first batch of ‘welcome letters’ to high wealth individual taxpayers already sent out.
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Tax Season – Here Are The Dates To Keep In Mind
08 Apr 2021 by Jasmine Stone / No Comments
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.
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Earning Secret Airbnb Cash? SARS Will Have You
12 Mar 2021 by Jasmine Stone / No Comments
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.
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‘Sin Tax’ Increases – How Much More You’re Paying For Beer, Wine, Spirits, And Cigarettes
26 Feb 2021 by Jasmine Stone / No Comments
During his budget speech on Wednesday, Finance Minister Tito Mboweni announced an increase in sin taxes, which will see the price of alcohol and tobacco products increase.
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Watch Out For Tax Refund Scammers, Warns SARS
08 Dec 2020 by Jasmine Stone / No Comments
SARS is being inundated with desperate calls from taxpayers who have fallen victim to scammers promising to secure large tax refunds.
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Why You Shouldn’t Panic If SARS Audits You
09 Oct 2020 by Jasmine Stone / No Comments
Nobody likes receiving the news that they’re under audit from SARS, but there’s no need to panic just yet.
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You Could End Up In Jail For A Silly, Unintentional Error On Your Tax Return
07 Sep 2020 by Jasmine Stone / No Comments
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.
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High Court Ruling Has Important SARS Tax Collection Implications
17 Jun 2020 by Carrie / No Comments
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.
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SARS Announces Changes To Tax Season 2020
15 May 2020 by Jasmine Stone / No Comments
On May 5, SARS announced new tax filing seasons and a much more heavy-handed approach to those who don’t comply.
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Expat Tax – The Difference Between SA Tax Resident And Non-SA Tax Resident
04 May 2020 by Carrie / No Comments
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.
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Comprehensive List Of Funds And Relief Measures Available To Help SA Businesses During Lockdown
03 Apr 2020 by Jasmine Stone / No Comments
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.
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Important Info Regarding SARS Interest And Penalties Incurred As A Result Of Coronavirus
01 Apr 2020 by Jasmine Stone / No Comments
What happens if your tax submissions are filed late as a result of COVID-19, and you incur interest and penalties?
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How To Make An Application For TERS, The Temporary Employee / Employer Relief Scheme
30 Mar 2020 by Jasmine Stone / No Comments
Many business owners have been wondering and waiting for news on how to apply for the COVID-19 TERS relief fund.
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Budget Speech 2020 – How Much Personal Tax You’ll Be Paying This Year
27 Feb 2020 by Carrie / No Comments
Tito Mboweni surprised everyone with some good news about personal tax brackets, so let’s see how that’s going to affect your earnings.
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Less Than Two Weeks Left – Avoid These Common Tax Return Mistakes
25 Nov 2019 by Carrie / No Comments
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.
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