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NEWS | TOP TAX TAKE AWAYS FROM 2021 BUDGET SPEECH

Taxpayers received a welcome message of support from Finance Minister, Tito Mboweni, in delivering his 2021 Budget Speech. In adopting a focus on economic recovery, following an unprecedented year of job losses, the Minister has for a second consecutive year afforded some relief to taxpayers with an above-inflation increase in the personal income tax brackets […]

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NEWS | KEEPING YOUR TAX AFFAIRS CLEAN

In our recent newsletter, Tax compliance or jail, we warned that your clients could face penalties or prison sentences for negligent non-compliance with South Africa’s tax legislation.

NEWS | CHANGE COMING IN MARCH COULD HAVE A MAJOR IMPACT ON SOUTH AFRICA’S TAX BASE: ANALYST

The financial emigration law amendment that comes into effect on 1 March could cause a mass exodus of South Africa’s tax base, says Professor Jannie Rossouw, head of Wits Business School.

NEWS | 11 MISTAKES ON YOUR TAXES THAT COME WITH 2 YEARS’ IMPRISONMENT

A new set of tax law amendments, signed by President Cyril Ramaphosa, and promulgated on 20 January 2021 has granted SARS all the legal fire power it needs to impose criminal sanctions on taxpayers who neglect their tax affairs.

NEWS | SARS PURSUES NON-COMPLIANT CRYPTOCURRENCY TRADERS

With South Africa and the world at large facing an economic downturn as a result of various factors, not the least of which being the Covid-19 pandemic, SARS is on a mission to plug the existing gaps in tax revenue collection and compliance.

NEWS | ROTATIONAL WORKERS AND PROVISIONAL TAXES – EVERYTHING YOU NEED TO KNOW

As 28 February 2021 looms near on the horizon, so too does the deadline for the second provisional tax submissions for 2021.

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NEWS | PRESIDENT RAMAPHOSA SIGNS 3 YEAR RETIREMENT FUND LOCK-IN INTO LAW

The President, on 15 January 2021, assented to the Taxation Laws Amendment Act No. 23 of 2020 (“TLAA”), which was subsequently promulgated on 20 January 2021.

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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.

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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 […]

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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 […]