Deferral of the payment of provisional tax for tax compliant SME’s: What this means: The tax compliant company, partnership, individual or trust may elect to pay only 15% of the estimated total tax liability as the first provisional tax payment for 2021 (normal circumstances require 50%), while the second provisional tax payment will be based [...]
Filing Season 2020 bringing in some changes Earlier this year, the South African Revenue Services (Sars) announced that in light of its PAYE 2024 project, the focus, from the 2020 Filing Season and beyond, would shift from PIT (personal income tax) filing season to the employer reconciliation filing season. At the time, it appeared that [...]
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. [...]
Not happy with how SARS handled your tax matters? You know what to do when you need to file your taxes, but do you know where, when and how to lodge a complaint if you are unhappy with how SARS has handled your tax matters? If not, then it is time that you learn about the Office [...]
