NEWS | SARS IS SENDING 3.1 MILLION SMSES ABOUT ‘AUTO-ASSESSED’ TAX RETURNS – WHAT TO DO IF YOU GET ONE
The SA Revenue Service (SARS) is currently sending out 3.1 million SMSes to taxpayers whose returns will be assessed automatically this year.
The SA Revenue Service (SARS) is currently sending out 3.1 million SMSes to taxpayers whose returns will be assessed automatically this year.
COVID-19 has far-reaching effects for the South African taxpayer and, unbeknown to many, may be silently increasing their tax liability for the 2021 year of assessment.
Currently, individuals are able to withdraw their retirement annuity when they turn 55 or when they financially emigrate and their emigration has been approved by the South African Revenue Service (“SARS”) and by the South African Reserve Bank (“SARB”).
As Trump likes his twitter; SARS loves the SMS. Over the last week, many taxpayers have received a rather confusing SMS from SARS, informing them that SARS has not forgotten about them, but also that something looks wrong on their taxes.
Due to the COVID-19 pandemic and the restrictions implemented, the South African Revenue Service (“SARS”) has pushed back the 2020 tax season by two months. The 2020 tax season will now open on the 1st of September 2020, and closes on the 16th of November 2020, for online submissions, and 22 October 2020, for branch […]
Provisional taxpayers must comply with all requirements for filing returns and making payments in order to avoid risk of penalties and interest.
Talk about bad timing. The Constitutional Court on 21 July 2020, after some 250 days of deliberation, decided that the way in which many franchise operators have been claiming their tax expenses does not rank for tax relief.
The Pretoria High Court granted on 14 July 2020, a small business owner, on an urgent basis relief against the South African Revenue Service (SARS) who depleted the taxpayer’s bank account without following due process. The court ordered SARS to set aside the third appointment of Absa who collected R1.3m on behalf of SARS from […]
Everybody knows SARS is under collection pressure and they have grown rather fond of appointing 3rd parties, such as banks, to recover outstanding tax debts directly, which leaves taxpayers stunned.
Due to the COVID-19 pandemic and the restrictions implemented, SARS has made changes to the 2020 season process.