“The tax on capital gains directly affects investment decisions, the mobility and flow of risk capital… the ease or difficulty experienced by new ventures in obtaining capital, and thereby the strength and potential for growth in the economy” (John F. Kennedy) Since October 2001 South African tax residents have been Read more
05 November – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 November – End of Filing Season 2021 for Individuals (Non-Provisional) 25 November – Value-Added Tax (VAT) manual submissions and payments 29 November – Excise Duty payments 30 November – Corporate Income Tax (CIT) where applicable 30 November – Value-Added Tax Read more
“A senior SARS official may authorise the issue of a notice to a person who holds or owes or will hold or owe any money, including a pension, salary, wage or other remuneration, for or to a taxpayer, requiring the person to pay the money to SARS in satisfaction of Read more
“The future of money is digital currency” (Bill Gates) If you are thinking of buying – or have bought – any “crypto asset” such as a crypto currency like Bitcoin, Ethereum, Polkadot, Solana (or any of the many other crypto currencies springing up all over the place), be aware of Read more
7 October – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 October – Value-Added Tax (VAT) manual submissions and payments 28 October – Excise Duty payments 29 October – Corporate Income Tax (CIT) Provisional Tax payments where applicable 29 October – Value-Added Tax (VAT) electronic submissions and payments. Disclaimer: The information provided Read more
“SARS will implement these tax relief measures because compliant taxpayers have paid their fair share of tax, making it possible for government to provide such a temporary safety net in a time of extreme difficulty” (SARS) Battered by national lockdowns of varying intensity since March last year, many businesses have Read more
07 September – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 September – Value-Added Tax (VAT) manual submissions and payments 29 September – Excise Duty payments 30 September – Corporate Income Tax (CIT) Provisional Tax payments where applicable 30 September – End of the 2nd Financial Quarter 30 September – Personal Read more
“We would simply ask taxpayers to consider carefully the longer-term implication of defining an area in their primary residence as a home office for tax purposes” (Edward Kieswetter – SARS Commissioner) “All employers should allow their employees to work from home unless it is absolutely necessary for them to perform Read more
“One of our strategic objectives is to make it easy for taxpayers to comply with their tax obligations, and hard and costly for those who willfully do not comply” (Edward Kieswetter, SARS Commissioner) Earlier this year, SARS and the NPA (National Prosecuting Authority of South Africa) announced that they are Read more
7 August – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 August – Value-Added Tax (VAT) manual submissions and payments 30 August – Corporate Income Tax (CIT) Provisional Tax Payments, where applicable 30 August – Excise Duty Payments 30 August – Personal Income Tax (PIT) Provisional Tax Payments Disclaimer: The information provided Read more