MD Tax Card 2020/2021

MD Tax Card 2020/2021 – click on the image below. Prior years MD Tax Cards and MD Tax Guides here.  

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SARS Automatic Assessments for Individual Taxpayers

MD’s email sent out for this post | https://bit.ly/2BIAf4i In line with SARS’ new “auto-assessment” process, SARS will be issuing assessments automatically to some taxpayers without submission of a tax return. Auto assessments will be based on data received from employers and third-party data providers (e.g. medical schemes and financial institutions) – if you have […]

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Working from home & possible tax deductions – do you qualify?

MD’s email sent out for this post | https://bit.ly/2ZWCyKo With the arrival of the Covid-19 international pandemic, more and more South Africans are adjusting to “the new normal”, with working from home becoming the current reality for many employees. As you may be aware, the travel costs between your home and your employer’s office are […]

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NEWS JUST IN – COVID-19 TEMPORARY EMPLOYEE RELIEF SCHEME (TERS) HAS BEEN EXTENDED BY 6 WEEKS!

MD’s email sent out for this post | https://bit.ly/2WHUZAw We all are breathing a sigh of relief as TERS is extended until 15th August 2020! http://www.labour.gov.za/employment-and-labour-ministry-announced-extension-of-covid19-relief-payments-until-august-15-in-budge-vote We are here to assist you with administrative support for the submission of the TERS claims and to help you to navigate this challenging period in your business. Don’t […]

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1st 2021 Provisional Tax Information Request

MD’s email sent out for this post | https://bit.ly/3hsOyt4 We are in the process of preparing the first provisional tax returns for the 2021 tax year, due for submission to SARS by 31 August 2020. We would, therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of […]

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2020 Tax Season for Individuals

2020 Tax Season for Individuals With the Covid19 pandemic, SARS has delayed the official start of the individual tax season from 1 July 2020 to 1 September 2020 SARS is encouraging all taxpayers to use e-filing channels to file their tax returns and avoid those never-ending queues at the SARS offices while staying safe. Deadline Dates: […]

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SARS Error with EMP201 submission on 5 June 2020

MD’s email sent out for this post | https://bit.ly/2MSOTI8 Last Friday, 5 June 2020, SARS had e-filing technical difficulties which prevented some employers from requesting/submitting the required May 2020 EMP201 to SARS. Although the matter was resolved by SARS by late afternoon/early evening on Friday, some employers may not have been able to submit their […]

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Reminder – Deadline for February 2020 EMP501 Employer submission to SARS 29 May 2020

MD’s email sent out for this post | https://bit.ly/2WRb5Ih SARS is reminding Employers to submit the annual February 2020 payroll information to them on or before the deadline of 29 May 2020. Employers who comply fully, in turn, make it easier for their own employees to fulfil their individual tax obligation when the Filing Season […]

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NOTICE TO ALL EMPLOYERS – W.As8 /Return of Earnings 2019 (February 2020 period)

MD’s email sent out for this post | https://bit.ly/3enaRiN The 2019 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline was extended to 31 May 2020 (initial deadline was 31 March 2020). The Workmen’s Compensation website for online submission/transacting on the ROE website was only opened on 1 April […]

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Impact of COVID-19 on the South African Revenue Service and the payment of tax debts

https://bit.ly/2JuYbIt Article Source: By Erich Bell, Director, Werksmans Attorneys  23 March 2020 “SARS’s Notices to the Public The South African Revenue Service (“SARS“) has taken several precautionary measures in response to the risk of infection from COVID-19 which are aligned with and are in support of the initiatives implemented by the Department of Health. SARS’ tax, customs and excise operations will […]

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