Latest updates to take note of regarding Trust and Company tax returns as well as Trust verifications.

In hierdie artikel bespreek ons 10 eenvoudige BTW wenke vir Suid-Afrikaanse besighede rakende die voldoening aan BTW wetgewing, insluitende minder bekende BTW-insette waarop ondernemings geregtig is.

In the tax industry, there is never a dull moment. Sharing information and experiences with peers is crucial, as it paves the way for achieving tax compliance for both individuals and their clients, while also ensuring prompt refund processing by SARS.

In terme van die regulasies wat op 31 Mei 2024 deur die Kommissaris van Suid-Afrikaanse Inkomstediens bekragtig is (saamgelees met...

Accounting firms / accountants frequently encounter new clients who are not compliant with tax regulations and may claim ignorance of this fact. A typical response upon being informed is, "But I have an accountant who handles all my tax matters!"

There has been an alarming increase of the theft of income tax refunds owing to taxpayers who are natural persons. It is important that individuals remain vigilant regarding their tax affairs and immediately follow-up on any SARS communications and/or bring said communication under the attention of their tax practitioners, where applicable. This will lower the risk of falling victim to this latest criminal enterprise.

Navigating the intricacies of provisional income tax in South Africa can be daunting, but understanding the basics is crucial to avoid penalties and ensure smooth sailing with SARS. Our article provides a list packed with do's and don'ts.

During November 2023 National Treasury released additional information relating to the new enhanced renewable energy tax incentive which is available to businesses in certain circumstances. The incentive takes the form of an enhanced capital allowance under the newly inserted section 12BA of the Income Act No.58 of 1962. This article briefly examines the most important features of the new allowance.

From December 2021, in terms of the published rules, importers had an obligation to notify SARS of their intention to apply to an authorised dealer for an advance foreign exchange payment in respect of goods to be imported. From 1 December 2023 (two years later) an additional step has been added by SARS.

We consider 12 of the most frequently asked questions relating to auto-assessments issued by SARS for the 2023 year of assessment, and answers to said questions.