If you have multiple sources of income, it should help you to understand your total tax liability. According to a recent article on IOL, Many South African taxpayers with different sources of income tax are often surprised when at the end of the year their PAYE (Pay-as-you-earn) deductions do not cover all their tax [...]
2020 Filing Season For Individuals. Now that the Annual Employer Reconciliation (PAYE) period has been finalised, the South African Revenue Service (SARS) is preparing for the next phase of Filing Season 2020, namely filing by individual taxpayers. This year, there are significant changes in how SARS interacts with stakeholders and how taxpayers and tax practitioners [...]
SARS will do your tax filing for you from next month – here’s what you need to know The South African Revenue Service (SARS) will from August, begin to assess a significant number of taxpayers automatically, based on data received from employers, financial institutions, medical schemes, retirement annuity fund administrators and other third-party data providers. [...]
