“The secret to getting ahead is getting started.” (Mark Twain) To avoid the last-minute rush, the risk of errors and omissions, and the cost of late submissions, penalties and audits, there is no better time to get ahead on your company and individual tax returns than the day the 2021 Read more
“All forms of rental income must be declared to SARS … We are … determined to make it hard and costly for non-compliant taxpayers not willing to meet their obligations. We are working hard to improve system capabilities, in order to detect those taxpayers who do not comply by using Read more
The future of money is digital currency” (Bill Gates, Co-founder of Microsoft) Note: The risks and consequences of willfully or negligently failing to make full and true declarations to SARS, or to submit documents or information requested by SARS are now substantial, so ask your accountant for advice specific to Read more
“If [business is] not listening to the youth, they are not listening to their future competitors, employees, or customers” (Wadia Ait Hamza, head of Global Shapers at the World Economic Forum) Youth Day commemorates and celebrates the impact the youth of a country can have on the future – the Read more
7 June – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 June – Value-Added Tax (VAT) manual submissions and payments 29 June – Excise Duty payments 30 June – Value-Added Tax (VAT) electronic submissions and payments 30 June – Corporate Income Tax (CIT) Provisional Tax Payments where applicable 30 June – Read more
“The more that energy costs, the less economic activity there can be” (Robert Zubrin) It has been 13 long years since we first experienced load shedding in 2007. Since then, businesses have lost thousands of hours of productivity and significant amounts of money to these “rolling blackouts”. The situation is Read more
“The point to remember is that what the government gives it must first take away” John S. Coleman If it weren’t for the PAYE system, which forces employees to pay taxes as they earn their money, each of us would be liable for a lump sum payment of between 18% Read more
7 May – Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May – Value-Added Tax (VAT) manual submissions and payments 28 May – Excise Duty payments 31 May – Value-Added Tax (VAT) electronic submissions and payments 31 May – Corporate Income Tax (CIT) Provisional Tax Payments where applicable Disclaimer: The information Read more
“Is there a phrase in the English language more fraught with menace than a tax audit?” (Erica Jong, American novelist) A number of recent tax developments strongly indicate that taxpayers will face even more intense scrutiny from SARS in this new tax year. Most recently, an additional R3 billion was Read more
7 April – Monthly Pay-As-You-Earn (PAYE) submissions and payments 23 April – Value-Added Tax (VAT) manual submissions and payments 29 April – Excise Duty payments 30 April – Value-Added Tax (VAT) electronic submissions and payments 30 April – Corporate Income Tax (CIT) Provisional payments where applicable. Disclaimer: The information provided herein Read more