The 2024 income tax filing season is just around the corner, and it’s important to know the key dates and processes to ensure a smooth experience. Important Filing Dates: Individual taxpayers (non-provisional): 15 July 2024 to 21 October 2024 Provisional…
If you are a South African resident, you are subject to being taxed on your income, irrespective of where you earned it. In our blog on financial emigration, we discussed financial emigration from South Africa and the implications on your…
South African corporate tax refers to annual income tax payable on salaries, commissions, fees etc., by all registered businesses or business owners who are self-employed, in a business, companies or close corporations to the South African Revenue Service (SARS). Generally,…
Due dates for reporting and payments: August 2022 Month Tax Type Date Notification August 2022 Employment Taxes 05/08/2022 EMP201 submissions and payments Value-Added Tax 25/08/2022 Manual VAT201 submissions and payments Value-Added Tax 31/08/2022 Electronic VAT201 submissions and payments Income Tax…
From 1 – 14 July 2022, SARS issued approximately 2.5 million estimated assessments to individual taxpayers, as part of their enhanced ‘auto-assessment’ process. As a result, several taxpayers were entitled to receive income tax refunds. Prior to the commencement of…
Affected parties: Employers and representative employers that made use of the COVID-19 tax relief to defer their employees’ tax payments. Background On 21 April 2020, the President announced additional measures to assist employers to provide financial stability to their employees…
It is almost certain that you will experience a dispute regarding the SARS facts and laws surrounding a transaction would occur between yourself and SARS at some stage. As you may or may not be aware, SARS follows the 'Pay…