SARS announces start dates and details for 2021 tax season in South Africa – what you should know BusinessTech, 25 May 2021 – The South African Revenue Services (SARS) has announced that taxpayers will be able to file their tax returns […]
Author: Taxing
Important notice: Experian data breach
Dear Customer The banking industry has been made aware that Experian Information Solutions – a consumer, business and credit information services agency – has experienced a breach of data. Although this information is not related to your personal banking details, […]
Experian Credit Bureau data breach
Dear Customer, The South African banking industry has been made aware of a data breach within the external Credit Bureau, Experian. With our banking partner, ABSA, we are taking proactive steps to protect our customers and ensure the matter is […]
Home office expenses and tax deductions
By Ashley Mhona and Willem Oberholzer … Can the expenses incurred as a result of working from home – electricity, rent or mortgage bond repayments (home office expenses) – be claimed as a tax deduction against the income earned by […]
What is Provisional Tax?
Provisional tax is not a separate tax from income tax. It is a method of paying the income tax liability in advance, to ensure that the taxpayer does not remain with a large tax debt on assessment. Provisional tax allows […]
SARS Covid-19 Business Tax Relief Measures
Skills Development Levy (SDL) Business tax relief measures – All employers who are registered for SDL automatically qualify for the SDL Payment Holiday The zero amount SDL Liability will be defaulted on the EMP201 return for the four-month period from […]
Business Tax, Corporate Income Tax (CIT) 2020
Corporate Income Tax (CIT), also known as a business tax, is a tax imposed on businesses incorporated under the laws of the Republic of South. What is corporate income tax (CIT) or business tax? Corporate Income Tax (CIT) is a […]
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SARS Media Release 2020
23 April 2020 – Press release from Treasury: Further Tax Measures to combat the COVID-19 pandemic. The Minister of Finance announced the details of an initial set of measures on 29 March 2020 to assist tax compliant businesses with cash […]
COVID-19 tax relief: a snapshot of what’s out there
Across the globe, many governments have been forced to lockdown their countries in an attempt to curb the spread of the COVID-19 pandemic. A number of African countries have adopted similar measures. This has stalled, if not brought to a […]
SARS Mobile Tax Units Schedule 2021 Tax Season
19 March 2020 – Due to Novel Coronavirus (COVID-19) all tax workshops and mobile tax units (MTU) have been SUSPENDED until further notice. The South African Revenue Service (SARS) Mobile Tax Unit will be visiting the areas listed below to […]