Entries by Tax Consulting South Africa

SARS Sharpens Focus on Trusts and NPOs: Why IT3(d) and IT3(t) Submissions Cannot Be Delayed

In its effort to meet the ambitious 2025/26 revenue estimate of R1.986 trillion, the South African Revenue Service (SARS) has made it clear that timely, transparent and accurate tax submissions are the new normal. Central to this approach is expanded use of third-party data, not sparing Trusts and Non-Profit Organisations (NPOs).

SARS System Failures Puts Taxpayers at Risk: You Need a Tax Attorney Now More Than Ever

If you’re still waiting on a VAT refund, now is the time to take legal action. Taxpayers and tax practitioners alike are reporting a surge in delayed refunds, with SARS citing pending verifications or audits, but only after a manual status check is performed. This is not a procedural glitch – this is a
systemic failure with serious financial implications.

SARS Hits Individual with R30 Million Tax Bill Over Loan Accounts: A Warning to Directors and Shareholders

A recent Tax Court ruling in favour of the South African Revenue Service (“SARS”), which treated large loan account balances as undeclared income, serves as a warning to directors and shareholders to properly manage these accounts, maintain accurate records, and be prepared to explain the origin of funds when SARS flags loans as unexplained.

Compromise to Clear Unaffordable Tax Debt – Is SARS’ “Project AmaBillions” Here to Take Your Millions?

As SARS continues to enhance its Compliance Programmes by modernising its systems and integrating artificial intelligence to better identify instances of non-compliance, so too is the revenue collector bolstering the manpower behind its tax debt collections team. In a strategic move, National Treasury has allocated additional funding to SARS’ resourcing initiatives, effectively boosting its operational […]

Project AmaBillions: SARS Reportedly Shifting into Top Gear to Collect a Mountain of Outstanding Tax Debt

In preparation for the upcoming tax filing season, the South African Revenue Service (SARS) is believed to work on a major special initiative focused on tax debt collection, which is expected to yield an additional R70 billion in revenue over the next three years. It is understood that in the hallways at SARS officials aptly […]