How to reduce your tax payments and help those in need

Tax-Exempt-Institutions-S18A-Fact-sheet-2020-2021

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Guide on Income Tax and the Individual, General Guide on Taxation in South Africa 2021

Income Tax Guide on Income Tax and the Individual On 30 August 2021, SARS published the 2020/21 guide on income tax and the individual. The guide provides comprehensive guidance on income tax for individuals in terms of the Income Tax Act, 1962. (click to see) General Guide on ​Taxation in South Africa 2021 On 30 […]

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Taxpayers with outstanding returns summoned to face criminal charges

Taxpayers with outstanding returns summoned to face criminal charges South Africans abroad note. By Tax Consulting South Africa 24 Aug 2021  11:29 Click here for the article: bit.ly/38lwsGR

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Taxing of income received in Trusts

If you have a Trust or are thinking about housing your assets in a Trust, you need to know who would bear the burden of the tax incurred on income received in the Trust. Please see the article linked below, and written by our Associate, Fatima Bapukee, on the taxing of income received in Trusts: […]

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New SARS Tax Relief Measures

EXPLANATORY NOTES ON THE EMERGENCY TAX MEASURES IN RESPONSE TO THE CONTINUING COVID-19 PANDEMIC AND RECENT UNREST IN THE COUNTRY – click here As announced by President Ramaphosa on Sunday, new Tax relief measures have been introduced to aid Employers suffering the impact of COVID-19. These have now been drafted and include the following: An […]

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The widening of Criminal sanctions

Post shared courtesy of: Patricia Williams | Partner Julia Choate | Senior Associate Bowmans South Africa   Click on the image below to read the article:

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Extended COVID-19 TERS relief for certain categories of employees – Level 4 – now open!

The Department of Labour has now extended the TERS benefits/claims for certain sectors still being affected by the level 4 lockdown – these are limited to the following:   Employers (as listed in Annexure A) who were unable to operate in full/partially due to the amended lockdown regulations  – Period 16 March 2021 – 25 July […]

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1st 2022 Provisional Tax Information Request

We are in the process of preparing the first provisional tax returns for the 2022 tax year, due for submission to SARS by 31 August 2021. 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 for the period 1 […]

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How “healthy” are your SARS tax affairs?

Over the last 2 years, SARS has increased their focus on the modernisation of their systems to deter the general non-compliance by many taxpayers. Your SARS compliance status also directly impacts Employment Tax Incentive (ETI) claims – in certain circumstances the non-compliance may result in the forfeit of these ETI claims and many employers are […]

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Small mistakes or inadvertent errors could potentially land you in hot water with SARS

SARS has recently amended the rules relating to non-compliance transgressions which may land you in hot water with possible fines or even jail time: Non-compliant transgressions How can we help you minimise the potential risk? The slightest mistake could now have dire consequences! We recommend that taxpayers ensure that they are tax compliant at all […]

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