Risky Ruling Request Triggers SARS Audit for Assmang!
Obtaining tax and legal certainty from the South African Revenue Service (SARS), is often the prudent approach, and which may be received as a ruling. In the normal course, the benefit derived from using a specialist tax attorney to obtain this certainty outweighs the costs involved but imagine your advisor’s request costing you more than […]
Expected Soon: Easier, Cheaper Way for PBOs to Get Donation Receipts Certified
Public Benefit Organisations (PBOs) could soon benefit from a more affordable way to comply with the South African Revenue Service (SARS)’ requirement to certify that all section 18A donations for which receipts were issued in a tax year, were indeed utilised for public benefit activities.
SARS’ VAT Modernisation Aims to Combat Tax Evasion!
The South African Revenue Service (SARS)’ proposed Value-Added Tax (VAT) Modernisation Project is geared to combat challenges faced by traders, businesses, and SARS, including compliance inefficiencies, the risk of errors, and tax evasion. Phase 1 will entail inserting key definitions into the VAT Act, including “e-credit note”, “e-debit note” and “interoperability framework”. While this VAT […]
Knowing Your SARS Status Matters: Here is Why a Tax Diagnostic Report is Essential
For many taxpayers, especially expatriates, managing South African tax obligations from a distance can be complicated. Years may pass without any direct interaction with the South African Revenue Service (SARS), and key details like contact information, banking details, and tax number status often become outdated.
Trusts Under the Microscope: 2025 Tax Season Brings Tighter Rules, Tougher Deadlines, and New Compliance Risks
The South African Revenue Service (SARS) is no longer merely modernising; it is actively tightening the net around trusts to ensure greater transparency, accuracy, and compliance. For trustees, tax practitioners, and other representatives, the 2025 season introduces more stringent obligations that cannot be overlooked.