Dear [TAX Payer], Tax reference Number: 0000000000 You have been selected for auto-assessment by the South African Revenue Service (SARS). You can view your auto-assessment on eFiling or the SARS MobiApp. We auto-assess based on the data we receive from […]
Author: Taxing
DebiCheck: How it works
In the past debit order fraud has been a big frustration and while different methods were tried to curb it, these have not always been successful. DebiCheck gives all parties involved the peace of mind because the consumer will know […]
SARS Media Release 2022
Latest Tax Practitioner newsletter is available SARS, 7 June 2022 – Due to ongoing maintenance, eFiling may be intermittently available on Saturday, 11 June, from 20:00 until Sunday, 12 June at 01:00. Our apologies for the inconvenience. eFiling downtime alert SARS, […]
SARS Media Release 2021
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 […]
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 […]