Even the experienced importers are falling foul to failed VAT refund claims and disallowed input VAT deductions. 2018 has been a trying time for South African businesses; from the weakening of the rand, the hike of the VAT rate to 15%, and slow growth rate of the economy. The modern struggle for many businesses, however, […]
Once you have evaded paying taxes and haven’t filed tax returns, criminal law will apply to you, warns attorney on the celebrity’s woes. Team Bonang Matheba’s optimism on the outcome of engagements with the taxman on the television personality and businesswoman’s tax woes could come to nothing, a tax attorney has cautioned. Jean du Toit, […]
Although tax season has come to an end and most taxpayers will breathe a sigh of relief, many others are faced with a tax assessment they did not expect. Truth be told, taxpayers should not be surprised if SARS has disallowed their tax exemptions, adjusted their tax deductions and/or raised additional taxes on assessment. More […]