TICK-TOCK, TAX O’CLOCK | FEBRUARY’S IMPORTANT DATES

Stay on top of key tax deadlines this month to avoid penalties and maintain compliance. Here’s what you need to know:

7 ...

17TH TAX STATISTICS

The South African Revenue Service (SARS) and National Treasury have released the 17th edition of the Tax Statistics, covering the 2020–2024 tax years. ...

VAT (Value Added Tax) is an essential component of South Africa’s tax system, impacting businesses across various industries. While many entrepreneurs and business ...

In a recent ruling dated 8th December 2023, the Tax Court adjudicated on a significant VAT dispute between KEN CC (the appellant) and the South African Revenue Service (SARS). The ...

As taxpayers, we often encounter various deductions on our tax returns. However, some lesser-known deductions can easily slip through the cracks. To help you navigate these less ...

Zero-rated Supplies: These are taxable supplies with a VAT rate of 0%. Section 11 of the VAT Act identifies specific supplies that qualify for zero-rating. Importantly, ...

Sole proprietorship, the simplest form of business type, is a business owned and operated by a natural person. This individual may also call themselves an “independent contractor” or “freelancer”. If the business fails, any of your assets, including your personal assets, can be seized to pay for all the liabilities owing. The business has no existence separate from the owner, who is called the proprietor.