NEWS | NATIONAL TREASURY SEEKS MUCH MORE BITE FOR SARS ON CRIMINAL TAX OFFENCES
The new Draft Tax Administration Laws Amendment Bill (“TALAB”), released on 31 July 2020, proposes a law change that will effectively lower the threshold for SARS and the National Prosecuting Authority (NPA) to criminally prosecute taxpayers.
NEWS | TAXMAN GIVES 7 MONTHS’ NOTICE – THEREAFTER RETIREMENT FUNDS CAPTURED FOR 3 YEARS
Government Moving to Hold onto South African’s Retirement Funds On 31 July 2020, the Draft Tax Law Amendment Bill (“TLAB”) contained a hidden announcement, which may prove to be the final straw for many ex-South Africans who still have retirement investments left in South Africa. The TLAB seeks to legislate to prevent a South African […]
NEWS | SARS TO CURB NON-COMPLIANCE WITH AUTO-ASSESSMENTS
The great trek by the SA Revenue Service (Sars) to e-services, including the newly unveiled automated assessment, is not only motivated by efficiency in revenue collection, but will also deal with, and shame, rogues.
NEWS | SARS IS SENDING 3.1 MILLION SMSES ABOUT ‘AUTO-ASSESSED’ TAX RETURNS – WHAT TO DO IF YOU GET ONE
The SA Revenue Service (SARS) is currently sending out 3.1 million SMSes to taxpayers whose returns will be assessed automatically this year.
NEWS | HOW TRAVEL ALLOWANCES WORK
COVID-19 has far-reaching effects for the South African taxpayer and, unbeknown to many, may be silently increasing their tax liability for the 2021 year of assessment.