Taxation Blog

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...

Your Tax Deadlines for January 2025 07 January – PAYE submissions and payments. 20 January – End of Filing Season 2024 for Provisional taxpayers & Trusts. 24 January – VAT manual submissions and payments. 30 January – Excise duty payments. 31 January – VAT...

Maximise your company car or travel allowance with a detailed logbook If you have received a travel allowance or have driven a company car during the 2025 tax year, you need to record your mileage reading as of 28 February 2025. It is compulsory for taxpayers who...

Donations  Donations made during your lifetime do not form part of your personal estate on death. Annual donations made by you up to R100,000 are exempt from donations tax - If you and your spouse each donate R100,000 per tax year to your Family Trust, your combined...

With the upcoming Budget on 19 February 2025 and the end of the individual’s tax year looming on 28th February 2025, the following comprehensive year-end tax planning guidance and “tax saving tips” can help you to minimise your tax burden and protect your wealth. The...

We are in the process of preparing the second provisional tax returns for the 2025 tax year - due for submission to SARS by 28 February 2025. We would therefore appreciate it if you could furnish us with either a copy of your latest payslip OR the total of your PAYE...

Your Tax Deadlines for January 2025 07 January – PAYE submissions and payments. 20 January – End of Filing Season 2024 for Provisional taxpayers & Trusts. 24 January – VAT manual submissions and payments. 30 January – Excise duty payments. 31 January – VAT...

Starting a New Business? Here Are the Tax Implications... “A goal without a plan is just a wish.” (Antoine De Saint-Exupery, author of The Little Prince) Want to start a business? SARS warns you to be aware of the tax obligations of running a business, whether it’s in...

Tax Compliance in 2025: Help Is at Hand "Being tax compliant and ‘paying your fair share’ is not just good for you, but also contributes to the positive growth of our country’s economy which in turn benefits all South Africans." (SARS) Being tax-compliant is a legal...

Your Tax Deadlines for December 2024   06 December – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 December – Value-Added Tax (VAT) manual submissions and payments 30 December – Excise Duty payments 31 December – Corporate Income Tax (CIT)...