by MD Streets | Sep 20, 2023 | Taxation Blog | Juanita Roman
The Bi-annual August 2023 PAYE reconciliation period is from 18 September 2023 – 31 October 2023. – All employers must prepare and submit their declaration (EMP501) and employees’ IRP5’s to SARS reconciling the PAYE/SDL/UIF paid during the period 1 March...
by MD Streets | Aug 8, 2023 | Taxation Blog | Juanita Roman
Public Benefit Organisations (PBO’s) play an important role in addressing the social, economic, and financial challenges in the South African society. Section 18A of the Income Tax Act provides for a tax deduction of up to 10% of a taxpayer’s taxable income in respect...
by MD Streets | Jul 14, 2023 | Taxation Blog | Juanita Roman
We are in the process of preparing the first provisional tax returns for the 2024 tax year, due for submission to SARS by 31 August 2023. We would therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE...
by MD Streets | Jul 14, 2023 | Taxation Blog | Juanita Roman
AWARENESS CAMPAIGN – REGISTRATION OF TRUSTS FOR TAX PURPOSES SARS has issued a Notice clarifying that all resident Trusts and Qualifying non-resident Trusts are required to register for tax purposes and prepare annual financial statements With reference...
by MD Streets | Jun 15, 2023 | Taxation Blog | Juanita Roman
7 July 2023 is the official start of the 2023 Tax filing season – SARS is encouraging all taxpayers to use SARS e-filing channels to file their tax returns with amended deadline dates: Type of Taxpayer Channel Due Date Non-provisional and provisional taxpayers...
by MD Streets | Jun 6, 2023 | Taxation Blog | Juanita Roman
Click on the link or the image below: Table 3 Interest Rate on Fringe Benefit
