Author Archive for: Tax Consulting South Africa
Entries by Tax Consulting South Africa
NEWS | TOP 5 PAYE ERRORS THAT COULD COST YOU DEARLY WITH SARS
With COVID-19 burdening the economy and SARS seeking to increase its revenues however it can, organisations with misconceptions about how certain payroll elements should be taxed may unknowingly be exposing themselves financially.
NEWS | 2020 TAX PROPOSALS SIGNED INTO LAW – 10 KEY CHANGES
The President has given effect to the 2020 tax proposals by signing three tax Acts into law. On 15 January 2021, the President gave his assent to the Rates and Monetary Amounts and Amendment of Revenue Laws Act No. 22 of 2020 (“Rates Act”), the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”) and […]
NEWS | SOUTH AFRICA’S SHRINKING TAX BASE PILES PRESSURE ON SARS
Over the course of lockdown, pundits have shared some harrowing statistics regarding the increase in unemployment in South Africa. In general, our unemployment rates are moving in the wrong direction and the affected households have suffered great hardship as a result, but it is important to understand what this means for our tax base and […]
NEWS | LAST CHANCE FOR SA EXPATRIATES TO COME CLEAN WITH SARS
South Africans living or working abroad can no longer avoid the long arm of SARS. Under pressure to meet its revenue quotas, the tax authority has started auditing the country’s non-compliant expatriates in earnest.
NEWS | MARCH 2021 A WATERSHED FOR RETIREMENT FUNDS IN SOUTH AFRICA: 5 THINGS YOU NEED TO KNOW
1 March 2021 marks a watershed for retirement funds in South Africa, says Jean du Toit, attorney and head of tax technical at Tax Consulting South Africa.
NEWS | SUCCESSFULLY NAVIGATING IMPORTANT SOUTH AFRICAN GOVERNMENT DOCUMENT RENEWALS WHILE LIVING ABROAD
As a South Africa working and living abroad, there is nothing more frustrating than incessant delays on applications for new and/or renewals of South African Government-issued documentation (referred to as “Civic services”).
NEWS | TAX ON GIFTS FOR EMPLOYEES THIS DECEMBER
December has arrived, and with Christmas around the corner, many employers are left in a pickle when deciding on gestures of good faith and appreciation for their employees.
NEWS | FERRARI LOGISTICS WIN CASE AGAINST SARS OVER WRONGFUL TAX DEBT DEDUCTIONS
SARS ordered to repay R1 million wrongfully deducted from Ferrari Logistics The Pretoria High Court has ordered that the SA Revenue Service to refund Ferrari Logistics, from which it wrongfully collected more than R1 million from its bank account by means of a third-party appointment in terms of Section 179 of the Tax Administration Act. […]