A tax clearance certificate is a three-letter word that plays on many people’s lips, especially if you are a South African ex-pat dealing with SARS from abroad. […]
Category
Tax
Tax planning and its purpose
If you are a South African resident, you are subject to being taxed on your income, irrespective of where you earned it. In our blog on financial […]
Tax matters 101: Corporate Tax
South African corporate tax refers to annual income tax payable on salaries, commissions, fees etc., by all registered businesses or business owners who are self-employed, in a […]
Due dates for reporting and payments: August 2022
Due dates for reporting and payments: August 2022 Month Tax Type Date Notification August 2022 Employment Taxes 05/08/2022 EMP201 submissions and payments Value-Added Tax 25/08/2022 Manual VAT201 […]
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 […]
Non-Compliance penalties for late returns
A Broader Scope of application SARS is required, in terms of section 210 of the Tax Administration Act, No 28 of 2011 (TAA), to impose fixed non-compliance […]
Repayments of Covid-19 employees’ tax deferrals
Affected parties: Employers and representative employers that made use of the COVID-19 tax relief to defer their employees’ tax payments. Background On 21 April 2020, the President […]