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 […]
Category
Income tax return
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 […]
2024 Income Tax Filing Season: Key Dates and Auto-Assessment Guide
The 2024 income tax filing season is just around the corner, and it’s important to know the key dates and processes to ensure a smooth experience. Important […]
Auto-assessments: SARS system erroneously rejects edited returns
A taxpayer that does not agree with an estimated assessment issued to them must edit the tax return within 40 working days. Ordinarily, SARS issued a revised […]
Filing Season refunds and reversals
From 1 – 14 July 2022, SARS issued approximately 2.5 million estimated assessments to individual taxpayers, as part of their enhanced ‘auto-assessment’ process. As a result, several […]