Have you started a business in South Africa, and do you know that you must annually complete your Beneficial Ownership application via CIPC?

WHAT IS BENEFICIAL OWNERSHIP ...

UNDERSTANDING TAX DIRECTIVES: WHAT YOU NEED TO KNOW

A tax directive is an instruction issued by the South African Revenue Service (SARS) to an employer, fund administrator, ...

UNDERSTANDING THE SKILLS DEVELOPMENT LEVY (SDL)

The Skills Development Levy (SDL) is a mandatory payroll-based levy imposed on employers ...

WHAT IS THE UNEMPLOYMENT INSURANCE FUND?

The Unemployment Insurance Fund (UIF) is a government-managed initiative that provides temporary financial relief to employees who ...

UNDERSTANDING THE ADMINISTRATION OF DECEASED ESTATES

When an individual passes away, their estate must be administered according to legal and tax obligations. The process ...

TRUSTS AND TAX COMPLIANCE | WHAT HAPPENS IF YOU FAIL TO SUBMIT THE IT3(T) RETURN?

Trustees in South Africa carry a significant responsibility when managing trust compliance ...

AI HERE, AI THERE, AI EVERYWHERE

The South African Revenue Service (SARS) has introduced a groundbreaking AI Assistant tool to streamline how taxpayers access support. Designed ...

TRANSPARENCY MATTERS

12 December 2024 marks a significant shift in the requirements for reporting beneficial ownership (BO) for trusts in South Africa. Under the Trust ...

SPORTS TAXATION: PRIZE MONEY, TICKET SALES, AND MERCHANDISE

Sports are not only a thrilling pursuit but also a financial endeavor for clubs, players, and event organizers. ...

SARS has implemented comprehensive enhancements to the VAT system, aiming to improve compliance and simplify the estimated assessment process. These updates are particularly significant ...

SARS Introduces Notice of Registration (IT150) Issuing via WhatsApp: A New Step in Taxpayer Convenience

Starting 9 December 2024, ...

Navigating the payment rules of the South African Revenue Service (SARS) is crucial for taxpayers and customs clients to ensure timely and accurate payment allocation. This article ...

Understanding the Requirements for Tax Practitioners in South Africa

Tax practitioners play a crucial role in guiding individuals and businesses through the complexities ...

SARS eFiling is an essential tool for taxpayers, tax practitioners, and businesses, streamlining the submission of returns, declarations, and payments in a secure, user-friendly ...

In light of the Auditor-General’s 2022–23 Audit Outcomes report, and the Municipal Finance Management Act (MFMA) Circular No. 2 (Cost Containment Measures), government institutions ...

IMPORTANT | TRUSTS. INDIVIDUAL. EMPLOYER. COPORATE.

TRUST | FILING SEASON

• 16 September 2024 to 20 January 2025 for provisional and non-provisional taxpayers. • ...

SARS has revamped its Complaints Management system to streamline and improve the way taxpayers, tax practitioners, and organizations can submit, track, and resolve complaints online. ...

SARS eFiling is an online platform for the submission of returns and declarations and other related services. This service allows Taxpayers, Tax Practitioners, Traders, and Businesses ...