The SARS eFiling App and MobiSite are now available to taxpayers who would like to file their personal tax returns via their mobile devices. The mobisite is also accessible to blind and visually impaired taxpayers. The App is available for both Android and iOS mobile phones by installing the App from the App Store (for […]

We are in the process of preparing the first provisional tax returns for the 2019 tax year, due for submission to SARS by 31 August 2018. We would therefore, appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE (Employees tax) paid thus far […]

As you are aware the VAT rates were increased from 01 April 2018 from 14% to 15%. This will impact your March/April VAT submissions which would have both 14% and 15% sales and inputs. Attached please find a template which would assist you with the completion of this return. Please also be aware that certain […]

There are a few important payroll related matters to be actioned during April and May 2018: Increase in SARS official rate of interest – 1 April 2018 On 28 March 2018, SA Reserve bank announced the increase of the Repo rate to 6.50% p/a. With effect from 1 April 2018, the official SARS rate of […]

The 2017 W.As 8 Return of Earnings for Compensation for Occupational Injuries and Diseases Act (COIDA) submission deadline is  31 May 2018. (This relates to the payroll tax year 01/03/2017 – 28/02/2018). Please note that the 2017 assessment period opened for transacting on the ROE website from 1 April 2018. If you are unsure whether […]

The deadline for outstanding tax returns and payments due by end March, is Thursday 29 March 2018 (the last working day before the Easter weekend). Due to the long weekend, SARS is requesting that taxpayers please pay by 12-midday to avoid penalties and interest. Being late could cost you! These payments include Corporate income tax, Dividends […]

With current marginal tax rates of 45% for an individual and a trust, we urge you, in addition to ensuring that you maximise your Retirement Annuity Contributions, to consider the highly tax efficient Section 12J (S12J) investments, particularly if you are selling a business or assets that have resulted in Capital Gains in the 2018 […]

We have identified a risk that relates to any loan, advance or credit made to a trust, by a natural person or a company that is a connected person to the trust where interest is not charged, or interest is charged at a lower rate than the official rate (currently 7.75% based on the repo […]