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Wednesday, April 21, 2021

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Tag: SARS

SARS is targeting South Africans who have ‘unexplained’ wealth

South African Revenue Service (SARS) commissioner Edward Kieswetter says that the revenue collector has profiled a number of high-net-worth individuals who enjoy a ‘luxurious’ lifestyle and demonstrate unexplained wealth when compared...

SARS warns of new scam targetting taxpayers

Taxpayers are urged to be extra cautious this festive season, as a new scam has emerged in which fraudsters are exploiting desperate victims for financial gain. In a statement, the South African...

Shrinking SARS income shows crucial importance of business

When only three million South Africans out of a total population of 56 million pay 38% of total tax revenue through their personal income tax, it should be obvious that the...

This ‘small’ tax change will hit South African cryptocurrencies hard

South African innovators hoping to position the country as a hub for fintech innovation are bound to be disappointed by a seemingly small tax law change that National Treasury and the...

What your tax bill could look like next year

No changes to personal income tax, VAT and corporate tax rates expected. National Treasury does not expect that personal or corporate tax rates or VAT will be increased over the...

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Modernised building utilities save money and resources

Water resources are under significant pressure, pushed to the brink by the modernising world, rapid urbanisation, and population growth. Utility management philosophies had not...

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