How to survive SARS audits and get the best outcome
For taxpayers who don’t engage with the SA Revenue Service (SARS) correctly, the price is either an unnecessary, drawn-out tax audit process or, if you’re caught, a very large tax bill.
Author Archive for: Tax Consulting South Africa
Entries by Tax Consulting South Africa
Bitcoin: The Tax Question
Although usually behind the global curve, South Africa seems to be keeping pace with the current Bitcoin trend. This is positive, as we are living in an increasingly digital world with it only being a matter of time before currency too, became digital.
Incorrect Tax Assessments: Handling woes with Interest Income Reporting
With financial institutions now directly reporting interest income to the South African Revenue Service (SARS), an increase in the number of cases where individuals are receiving tax assessments on income that does not belong to them, has become evident.