Taxation Blog

21 July 2025 is the official start of the 2025 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...

"The difference between tax avoidance and tax evasion is the thickness of a prison wall." (Denis Healey, former UK Chancellor of the Exchequer) The line between tax avoidance and tax evasion can sometimes appear blurry, especially in complex transactions or fierce tax...

With Compliments SARS’ Queries, Audits and Compliance Requirements continue to be ever more frequent, onerous and focused on all taxpayers providing proof and rationale for the information submitted. Even if your taxes are up-to-date and compliant, you can still be...

06 June | PAYE submissions and payments 25 June | VAT manual submissions and payments 27 June | Excise duty payments 30 June | VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable.   CONTINUE READING IN THE NEWSLETTERS...

SARS has also released an updated version of the “Budget 2025 Tax Pocket Guide”, which provides a useful summary of the tax tables and their impact on taxpayers.

CLICK HERE for all the information on How Budget 3.0 Affects You & Your Business!   On 21 May Finance Minister Enoch Godongwana delivered his third Budget Speech this year (“Budget 3.0”), telling South Africans that “this is not an austerity budget” and...

A reminder that this is the second year of the IT3D declaration. Public Benefit Organisations (PBO’s) that issue a Section 18A certificate must disclose the full details of those Section 18A certificates to SARS as a third-party provider of information. The deadline...

“In 2025/26, SARS will focus on addressing the tax gap to improve revenue collection.” (National Treasury Budget Review)   With additional funding from the National Treasury, SARS will now be better positioned than ever to collect the estimated R800 billion in...

With Compliments SARS penalties are onerous, especially with the latest February 2025 EMP501 reconciliation season and SARS warning of more penalties should you miss their cut-off! SARS has also released an upgraded E@syFileTM Employer version to be used from 1 March...

07 May – PAYE submissions and payments 23 May – VAT manual submissions and payments 29 May – Excise duty payments 30 May – VAT electronic submissions and payments, & CIT Provisional Tax payments where applicable.   This included information...

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The 2024 Return of Earnings (ROE) for Compensation for Occupational Injuries and Diseases Act (COIDA) submission period will open on 11 April 2025, and all submissions are due on or before 30 June 2025. This return relates to the payroll tax year 01/03/2024 –...

The Annual Reconciliation Declaration (EMP501) submission period opened on 01 April 2025, with the final submission deadline being 31 May 2025. The employee data that must be submitted by 31 May 2025 should cover the transaction period 01 March 2024 to 28 February...

01 April – Start of the 2025/26 Financial Year 07 April - PAYE submissions and payments 25 April – VAT manual submissions and payments 29 April – Excise duty payments 30 April – VAT electronic submissions and payments, & CIT Provisional Tax payments where...

The Minister of Finance announced the following changes with effect from 01 March 2025: Reimbursive Travel rate per Kilometre - Reduced from R4.84 to R4.76 Subsistence Allowance: Daily amounts for meals and incidental costs (overnight allowance): Meals and...

“When taxpayers are aggrieved by an assessment or a decision that is subject to objection and appeal, they have a right to dispute it.” (SARS) As a taxpayer in South Africa, you have the right to dispute tax assessments, if you have a valid reason to disagree with...

07 March 2025 PAYE submissions and payments 25 March 2025 VAT manual submissions and payments 28 March 2025 Excise duty payments 31 March 2025 End of the 2023/24 Financial year, VAT electronic submissions and payments, & CIT Provisional Tax payments where...

Article shared courtesy of: Paul Hutchinson, Ninety One | Access the article here, or view below " Tax-free savings accounts (TFSAs) were introduced in 2015 to encourage South Africans to save more. Some ten years later, we now have a sufficiently long track record to...

 “Death, taxes, and childbirth! There’s never any convenient time for any of them.” (Margaret Mitchell) What is provisional tax? Provisional tax allows corporate and individual provisional taxpayers to pay their annual income tax in advance by making two or three...