The History of the Policy Shift A quick recap for newcomers to taxation of South Africans abroad is that after a near two decade policy of giving an employment tax exemption to South Africans performing employment services abroad, there was a material policy shift by National Treasury and SARS, first to completely remove the exemption […]
With the effects of COVID-19 hitting the National Treasury where it hurts the most, in the pocket; SARS has introduced auto-assessments.
SARS released a media statement in May 2020, noting some of the devastating effects of the pandemic on the economy and revenue collection. Covid-19 is causing a rapid rate at which businesses are closing their doors and jobs are being shed.
Looking at global statistics and for those following international news, it appears South Africans can be grateful for not being hit as hard as other countries by Covid-19; yet.
Issue What should be contained in a record for review proceedings and whether SARS may consider a request for the remission of interest in terms of section 39(7)(a) of the Value Added Tax Act, No. 89 of 1991 (the VAT Act) once a taxpayer has agreed to pay such interest in terms of a VDP […]
Many South Africans who had to start working from home due to the national coronavirus lockdown imposed on businesses will not yet be able to claim “home office expenses”.
Following SARS’ media statement on 5 May 2020, it is clear that revenue collection is under immense pressure with an expected collection shortfall of between 15% – 20%.
Issue Whether a judgment made by the High Court, ordering the resubmission of VAT 201 returns by the taxpayer, may be clarified in terms of rule 42 of the Uniform Rules of Court to take into account the penalties and interest raised by SARS during the period granted by the Court for such resubmission.
The tax law amendment on section 10(1)(o)(ii) of the Income Tax Act No. 58 of 1962 (“the Act”) has come into effect 01 March 2020, after years of an arm wrestle on the amendment, from it’s complete repeal to an unexpected increase in the exemption limit in this year’s budget.
With the first provisional tax payment being due on 31 August 2020, there is some confusion regarding whether expatriates are deemed to be provisional taxpayers by the South African Revenue Service (SARS) or not.