Relevant Acts and documents Income Tax ActSARS Deferral of Payment Arrangements Guide on eFiling Acronyms relevant to this Guide and process: CIT Corporate Income TaxDWT Dividends Withholding TaxMCP My Compliance […]
Carbon Tax
Annual carbon tax accounts and payments are now due by 29 July 2021
Legislation and Rules administered by SARS for the purposes of the Carbon Tax Act: Customs and Excise Act No. 91 of 1964: Sections 20(4), 27, 54A – F, 87, 88, […]
Recreational Clubs and tax
This first article of three briefly discusses the essence and responsibilities of forming a recreational club; in articles two and three, the following taxes that may affect organisations approved as […]
Tax refunds from SARS
Reference documents and sites www.sars.gov.zaITR12 – annual tax return submitted by the taxpayerITA 34 – SARS notification to the tax payer via e-Filing and emailIncome Tax ActTax Administration Act In […]
Carbon Tax update – September 2020
This article follows on from a previously published article of January 2020 with newly published info from SARS Carbon Tax Act Roadshow of August 2020. This article focuses on the […]
Public Benefit Organisations: Capital Gains Tax – part 1
Capital Gains Tax is a complex matter to understand and more so when it is applied to Public Benefit Organisations. The information relevant to this matter is extensive and will […]
Tax Incentives and Renewable Energy
Tax policy and tax mechanisms have often been seen as one of the ways in which governments can influence the behavior of its citizens. Energy waste is no different in […]
The Carbon Tax Act
Updated info for the Carbon Tax Act Back in May 2019 the Carbon Tax Act Number 15 of 2019 was published in Gazette #42483 and took effect on 01 June […]
SARS’ Official Functions
Have you ever wondered what SARS’ official functions may be in terms of legislation? Collection of Income Tax is merely one aspect everyone is aware of. SARS is the only […]
Draft Income Tax Amendment Bill – Commentary
SARS published an explanatory document of the Draft Income Tax Amendment Bill on 30 July 2019. This three page document summarises two aspects of the Draft Bill: REPEAL OF THE […]