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 […]
Author: Taxing
TAX Season 2017 Payout Hits a Speedbump
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.
Use of biometric information is aimed at curtailing fraud
Author: Amanda Visser Taxpayers will in future have to appear in person at a branch office of the South African Revenue Service (Sars) if any of their details registered with the agency change. In the past this verification was only […]
What are the requirements in order to register as a tax practitioner?
To register as a tax practitioner, you must meet the following requirements:
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?
History of Taxes
Originally it was the Egyptians who invented the system of Taxes. They appointed Tax Masters, whose job it was to increase the burden on the slaves under the Egyptian domination. Tax collectors, also known as Scribes, were drawn on tomb paintings dating as far back as 2000 B.C.
SARS Tax Tables 2017
Tax rates are proposed by the Minister of Finance in the annual Budget Speech and fixed or passed by Parliament each year. These tax tables are then published in user friendly tax tables. Below are the relevant tax returns per tax year […]
5 Questions You Must Ask Before Hiring A Tax Practitioner Service
Before you hire a tax practitioner to prepare your tax returns, you want to conduct an interview and ask several important questions. The answers to these questions will determine whether this tax practitioner service is qualified to provide what you need.
Create Tax Relief Through Your Property (and Use the Bank’s Money to Invest in Unit Trusts)
Are you paying too much tax? With a property rental loss system you can create an investment strategy that will work both ways: 1. give you significant tax relief; and 2. utilize the best proven investment vehicle – Unit Trust Investments.
This way you will be able to enjoy a property portfolio as well as a Unit Trust portfolio that is growing stronger than property.