Tag: SARS
Big Brother or BFF? Govt’s quest for total information
By Philip Tillman
THE Financial Action Task Force’s greylisting of South Africa has had a severe knock-on effect on businesses in the country. According to the task force, money laundering is a...
SARS has foreign employers in its crosshairs, but help is available
If National Treasury has its way, foreign companies hiring South Africans as remote workers may soon find themselves in a legislative compliance pickle with SARS, which could see them become bogged...
Leaving SA for international pastures? What you need to know about tax emigration
According to the South African Revenue Service (SARS), over 40 500 taxpayers have ended their tax residency in South Africa over the past five years, as they seek out new opportunities...
Tax and technology – taxpayers need to be prepared
Authored by: Reinert van Rensburg, Attorney and Tax Practitioner at Leap Group.
THE South African Revenue Service (SARS) is currently working towards automating the tax return submission process for all South African...
Landlords must add rent to taxable income
If you own one or more investment properties that you let out to tenants, it is important to note that any rent you receive forms part of your income and must...
SARS continues to show its mettle in revenue collection
The South African Revenue Service (SARS) has accepted the increased revenue collection estimate announced by Finance Minister, Enoch Godongwana, on Wednesday.
In his 2023 Budget Speech, the Minister increased the revenue estimate...
SARS is not taking prisoners when it comes to penalties
Authored by, Reinert van Rensburg, attorney and tax practitioner at Leap Group.
The South African Revenue Service (SARS) is being strict on the implementation of penalties, and more frequent penalties are being...
SARS records significant R7.18bn trade surplus
The South African Revenue Service’s (SARS) trade statistics for August 2022 recorded a preliminary trade balance surplus of R7.18 billion.
These statistics include trade data with Botswana, Eswatini, Lesotho and Namibia (BELN),...
Taxpayers’ trust in SARS is on the rise, but compliance and service delivery continue...
Assessing the perceptions and experiences of taxpayers when dealing with SARS
South African taxpayers’ trust in the South African Revenue Service (SARS) has increased in 2022, according to PwC South Africa’s 2022...
Crypto assets: Are you prepared for the taxman?
South African taxpayers must realise that the time to regularise their cryptocurrency assets with the South African Revenue Service (SARS) has come, says Diane Seccombe, National Head of Taxation at Mazars.
“While...
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Two SAB plants get R5.8 billion upgrades
The R5.8 billion investment commitment made by South African Breweries (SAB) has been utilised to increase capacity at two of its plants.
The company said...
