This updated SARS guide, Issue 18, provides general guidelines regarding the medical scheme fees tax credit and additional medical expenses tax credit for income tax purposes. This guide is not […]
Taxpayer
Dispute Resolution Process – SARS, the Tax Board and the Tax Courts
When taxpayers are aggrieved by an assessment or not satisfied with a decision taken by SARS, and if the decision is subject to objection and appeal, they have a right […]
Withholding tax on royalties
Withholding tax on royalties—SARS Interpretation Note 116, part 2 Source information: SARS INTERPRETATION NOTE 116, dated 23 April 2021 and the INCOME TAX ACT 58 OF 1962, SECTIONS 49A to […]
Taxation of Farming Operations
This first article, in a series of articles, discuss the basics of taxation of farming before delving in to more precise detail to be found in future articles. Source: SARS.GOV.ZA […]
High wealth individuals and SARS disclosure
SARS increases its focus on wealthy individuals and offshore holdings The South African Revenue Service (SARS) is committed to its strategic intent to develop and administer a tax and customs […]
Value-Added Tax Modernisation
SARS published a discussion paper for Value-Added Tax Modernisation in September 2023. The discussion document seeks to achieve the following: The modernisation will impact businesses that are registered or required […]
Carbon tax rate increase
– Extension of phase 1, and change of implementation date for phase 2 In the 2022 Budget, the first phase of the carbon tax was extended by three years from […]
Tax Guide for Small Businesses
SARS published an updated guide in 2022. It contains information about tax laws and some other statutory obligations applying to small businesses. It describes some of the forms of business […]
Employees’ tax – Personal Service Providers and Labour Brokers
Source: SARS INTERPRETATION NOTE 35 (ISSUE 5) This Note discusses the employees’ tax implications and the deductions that may be claimed by a personal service provider or a labour broker. […]
Employees’ tax (PAYE) on your pension or annuity
Source: SARS FAQs What Is a Pension?A pension is a type of retirement account that some companies offer their employees. Your employer will create and maintain a pension fund for […]