The Employment Tax Incentive (ETI) has been a cornerstone of the government’s efforts to combat youth unemployment since its introduction on 1 January 2014. By reducing the cost of hiring young workers, the ETI has incentivized businesses to employ first-time job seekers while ensuring they receive fair wages. With the scheme extended until 28 February […]
SARS has confirmed its compliance radar is focused on both High-Wealth Individuals and taxpayers engaging in cryptocurrency related transactions for the next fiscal year! Both taxpayer segments have been a recurring collection windfall for the tax man and have once more made it onto the “Compliance Themes” to maximise revenue collection, per SARS’ Revenue Announcement […]
SARS confirmed record highs on a number of fronts in its Revenue Announcement which took place on 01 April 2025. This included taxpayer compliance behaviour, improved voluntary compliance, and SARS employee engagement levels. Most notably however is SARS’ gross revenue collection, being a staggering R2,303 trillion, at the end of March 2025!