NEWS | HOW TRAVEL ALLOWANCES WORK
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.
NEWS | UNDER WHICH CIRCUMSTANCES ARE YOU ALLOWED TO WITHDRAW YOUR RETIREMENT ANNUITY? WHY THESE REASONS?
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”).
NEWS | THE “DISCREPANCY” SMS FROM SARS – WHAT SHOULD YOU DO?
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.
NEWS | SOUTH AFRICANS WORKING ABROAD: MUST YOU SUBMIT A TAX RETURN TO SARS?
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 […]
NEWS | PROVISIONAL TAX: PENALTIES AND INTEREST RISKS
Provisional taxpayers must comply with all requirements for filing returns and making payments in order to avoid risk of penalties and interest.