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 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 […]
Latest South African Revenue Service EFiling SCAM Alert: The screen below requires taxpayers to fill in their cell phone number before they can proceed with eFiling. This is not required. If you have submitted your income tax return and you […]
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.
FATCA – Foreign Account Tax Compliance Act OECD – Organisation for Economic Cooperation and Development AEOI Administrative penalties – Automated Exchange Of Information – If you are a Reporting Financial Institution (RFI) and you have missed the deadline of 31 […]
It is important for taxpayers expecting a refund to note that SARS has implemented additional risk processes for SARS Tax season 2017 to ensure both the legitimacy and accuracy of the refunds paid.
To register as a tax practitioner, you must meet the following requirements:
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?
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?