Unpacking the latest 2018 tax hikes in South Africa

Shutterstock Muneer Hassan, University of Johannesburg South Africa’s 2018 budget seemed to be all about tax hikes. The most significant was the first increase in Value Added Tax (VAT) since 1993 from 14% to 15%. Sibonelo Radebe asked Muneer Hassan […]

South Africa’s 2018 budget: first steps towards a recovery, but at what cost?

South African Finance Minister Malusi Gigaba is trying to spearhead a more stable economic landscape. Reuters/Mike Hutchings Seán Mfundza Muller, University of Johannesburg The 2018 Budget, presented by Finance Minister Malusi Gigaba in Parliament, lays out the painful consequences of […]

SARS News and Updates 2017 Tax Year

Already submitted your tax return? Sorry, you may have to do it again…is this SARS news? Sars is experiencing technical issues. Have a medical aid, retirement fund or travel allowance are the areas where the errors have crept in …
Travel allowance codes left off IRP5s
Medical data may be incorrectly pre-populated
Changes relating to the Retirement Annuity section
You may want to check out this article to

Omission Of Retirement Annuity TAX Code 4582

With the implementation of the Retirement Reform requirements, information tax code 4582 (remuneration portion of income included under income codes: 3701 Travel Allowance, 3702 Re-imbursive Travel Allowance, 3802/3816 Use of Employer provided Vehicle) and its value were omitted from the submission file created by e@syFile™ Employer. This resulted in IRP5/IT3(a) certificates containing codes 3701, 3702, 3802 and/or 3816 but omitting code 4582 and its value being received by SARS.

A Licensed Tax Practitioner or DIY Route – Which One Is Better?

Most taxpayers are shy to approach a licensed tax practitioner for assistance regarding their tax form preparation and prefer to do their own tax preparations. Are you also doing your own tax preparations?

Got Income Tax Blues? Get a Qualified Tax Professional on Your Side

Ever wondered why smart people seek the services of a qualified tax professional, while the majority of D-I-Y tax payers always receive unexpected tax audits which may result in huge fines, or even a prison term, for them?