If you’re an employer in South Africa, staying compliant with SARS means submitting your EMP501 reconciliation twice a year. This process ensures that the PAYE, UIF, and […]
First Provisional Tax Payment for February Year Ends
If your business has a February financial year-end, it’s important to prepare for your first provisional tax payment, which is due by 31 August each year. Provisional […]
Provisional Tax: Don’t Forget the Third Top-Up – Penalties Still Apply
If you’re a provisional taxpayer in South Africa, meeting your first (August) and second (February) provisional tax deadlines is only part of the story. Many taxpayers overlook […]
Applying for Intellectual Property at CIPC: What You Need to Know
Protecting your ideas, brand, or inventions is a crucial part of doing business in South Africa. The Companies and Intellectual Property Commission (CIPC) is the official body […]
Why Capital Legal Fees Are Not Deductible for Tax in South Africa
When it comes to tax deductions, not all expenses are treated equally — and legal fees are no exception. In South Africa, legal fees of a capital […]
Why Life Insurance Premiums Are Not Tax-Deductible in South Africa – Unless They Qualify Under Section 11(w)
In South Africa, many taxpayers are surprised to learn that life insurance premiums are generally not allowed as a tax-deductible expense when calculating taxable income. While this […]
VAT Hike Reversed – What It Means for Your Business
In a significant policy shift, South Africa’s Finance Minister Enoch Godongwana announced the withdrawal of the proposed Value-Added Tax (VAT) increase. Initially, the government planned to raise […]
EMP501 Submission Deadline – Ensure Compliance by 31 May 2025
The South African Revenue Service (SARS) has set the deadline for the Employer Annual Reconciliation Declaration (EMP501) submissions for the 2024/2025 tax year as 31 May 2025. […]
Trading Under Insolvency – Legal Obligations and CIPC Notification
Operating a company under insolvent conditions carries significant legal responsibilities in South Africa. Section 22 of the Companies Act prohibits companies from trading recklessly or while insolvent, […]
Tax Implications of Foreign Investments for South African Residents
South African residents who invest in foreign assets or earn income from overseas sources must be aware of the tax obligations imposed by the South African Revenue […]