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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...

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...

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...

Updated alcohol taxes and rules proposed for South Africa

South African Breweries is calling on the government to reduce the excise tax rate in its national budget on Wednesday (23 February) or face further disinvestment and job losses. In a media...

Give SMMEs a break to recover- Lets’ tax sensibly

Two years post pandemic- SMMEs are reeling from the impact that COVID has had on their businesses. It’s time to consider how they can be given a break in order to...

Six common financial mistakes to avoid in your retirement years

RETIREMENT is of one of the greatest age milestones and financial transitions one can achieve after many years of employment service or of running their own business. Himal Parbhoo, FNB CEO of...

SARS to implement tax relief measures

The South African Revenue Service (SARS) will implement tax relief measures in response to the continuing COVID-19 pandemic and recent civil unrest. At the weekend, the revenue collector said the relief measures,...

Work from home claims need to be carefully considered, taxpayers warned

The South African Revenue Service (SARS) has urged taxpayers to carefully consider working from home expenses before submitting claims to the revenue collector. SARS recently published an update on its website in...

Tax changes planned for cigarettes and alcohol in South Africa – but they could...

In its February 2021 budget, the National Treasury announced an 8% increase in alcohol and tobacco excise duties. This excise increase appeared to be driven by a desire to grow government revenue,...

Oceana maintains growth trajectory in tough year

AFRICA’s largest fishing company has continued its growth trajectory started three years ago, reporting profit before tax up by 5%, headline earnings per share up 4%, and earnings per share up...

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Saldanha Green Hydrogen wants to pump its excess electricity into the...

By Larry Claasen Phelan Green Energy Group, which is developing a R47-billion green hydrogen project in Saldanha Bay is looking at ways to transfer the...

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