09/17/2024
While a lot of noise has been made about the direct tax implications of making withdrawals from the system, Paul Menge, an actuarial specialist at Momentum Investo has warned of the ‘hidden’ tax implications.
09/16/2024
There is just a tax-related matter that needs to be addressed in the regulations: Home Affairs Minister.
09/12/2024
SARS received an average of 17,964 tax directive applications a day.
09/12/2024
Concerns raised about rigidity of current voluntary disclosure programme.
09/11/2024
They ‘distort’ the economy, ‘destruct’ the tax base, and are open to ‘abuse’.
09/05/2024
They warned that traders must immediately comply to avoid penalties.
08/23/2024
The economic think-tank said, this measure was essential for improving the country’s revenue collection and alleviating the government’s reliance on borrowing, which was exacerbating the national debt crisis.
08/23/2024
She noted that plans by the government will be in tandem with the Medium-Term Revenue Strategy, which has been outlined by the Finance Ministry.
08/20/2024
Representative body wants decisive action against profile hackers.
08/19/2024
Systemic nature of complaints warrants a review.
08/09/2024
This proposal is to remove the requirement that a senior SARS official and the taxpayer must agree on a matter to be referred to the tax board if it does not exceed the threshold.
08/09/2024
This follows some confusion over the implementation of a reported 45% VAT on imported goods, which local retailers had expected to come into effect from 1 July.
08/08/2024
The remaining funds will stay invested, and access to these funds will only be permitted after retirement or upon resignation, as per the current legislation.
08/08/2024
Mr Adeniyi attributed the delay in the implementation of the tax waiver after President Bola Tinubu’s directive to the late release of guidelines from the Federal Ministry of Finance
08/07/2024
The retirement fund changes are among a host of other changes in effect for the 2024 tax season, including pro-rata deductions for tax-free savings, the solar tax rebate, and redesigned tax forms.
07/31/2024
Tax Consulting SA looked at how taxpayers can ensure that this never happens to them.
07/31/2024
Ramaphosa said the Government of National Unity will look to expand the basket of essential food items exempt from VAT.
07/30/2024
Some rummage in search of necessities, while others collect and sell recyclables to waste middlemen or businesses.
07/29/2024
As a South African resident taxpayer, all primary or secondary income must be disclosed to SARS.
07/22/2024
These banks are Access Holdings, FBNH, FCMB, Fidelity, GTCO, Jaiz Bank, Stanbic IBTC, Sterling Bank, UBA, Wema Bank and Zenith Bank.