Taxation Blog

MD's email sent out for this post | https://bit.ly/3d8jwp6   During April 2020 the president announced certain measures to assist employers during the Covid-19 lockdown. One of these included a deferral of the monthly Employees’ tax due to SARS for qualifying...

MD's email sent out for this post | https://bit.ly/2HZH97R   The Bi-annual August 2020 PAYE reconciliation period is from 15 September 2020 - 31 October 2020. - All employers must prepare and submit their declaration (EMP501) and employees’ IRP5’s to SARS...

MD's email sent out for this post | https://bit.ly/2CxLJrC As we navigate these challenging business conditions and enter a period of ever-greater SARS oversight, we have printed an updated, easy to use tax card which we are sure you will find useful. Please visit our...

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

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...

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...

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...

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...

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...

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...

MD's email sent out for this post | https://bit.ly/2JmcY8m The Minister of Finance has announced the following exceptional tax measures as part of the fiscal package outlined by President Cyril Ramaphosa on 23 March 2020 in his speech on the Escalation of Measures to...

MD's email sent out for this post | https://bit.ly/2WQFrv3 The UIF disaster benefit will now be run through TERS system - it is longer a ‘side option’ for UIF itself and the whole UIF Easy-guide has now been removed from the Labour.gov.za website. Covid-19 Temporary...

MD's full email sent out for this post | https://bit.ly/2UjCIZh Due to the unprecedented COVID-19 outbreak, employers are faced with difficult decisions regarding staffing and costs during the lockdown period and thereafter including what to do in the case where an...

SARS issued updated notices and schedules during the first week of March 2020 which may be of interest to you or affect your staff: Subsistence Allowance rates and advances for both local and foreign travel (with effect from 1/3/2020): Rate per day (local) - R139 for...