SARS announces start dates and details for 2022 tax season – what you should know.
The South African Revenue Services (SARS) has announced that taxpayers will be able to file their tax returns from 1 July 2022. SARS said that the other important dates that taxpayers should be aware of the following deadlines: For companies, within 12 months of their financial year-ends; For all other taxpayers – including natural persons, […]
Tax Filing Season 2021 Opened 1 July: Start Preparing!
The secret to getting ahead is getting started Mark Twain To avoid the last-minute rush, the risk of errors and omissions, and the cost of late submissions, penalties, and audits, there is no better time to get ahead on your company and individual tax returns than the day the 2021 tax season opens. What applies […]
A Basic Guide to PAYE and Four Common Mistakes
The point to remember is that what the government gives it must first take away JOHN S. COLEMAN If it weren’t for the PAYE system, which forces employees to pay taxes as they earn their money, each of us would be liable for a lump sum payment of between 18% and 45% of our total […]
Selected for SARS Verification or Audit? Here’s What to Expect… and What to Do
A number of recent tax developments strongly indicate that taxpayers will face even more intense scrutiny from SARS in this new tax year.
Tax Dates: April 2021
Take note of this month’s Tax Deadlines for Business & Personal Tax
Budget 2021: Your Tax Tables & Tax Calculator
How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator below to find out. Have a look at the tax tables below for the new Individual and Special Trust income tax brackets, and for a convenient reminder of the various other taxes that remain unchanged –
Budget 2021: What It Means to You
“Hope is being able to see that there is light despite all of the darkness.” Archbishop Emeritus Desmond Tutu It was with a sense of trepidation that South Africans awaited the 2021 Budget Speech by Finance Minister Tito Mboweni. Still confronted with all the challenges that existed before COVID-19 – massive debt, lackluster growth, unemployment, […]
Tax Advice For Beginners
Taxpayers often receive important-looking documents from various sources and wonder whether to keep them or not, and whether they are required for submitting annual tax returns. The IRP5 is the most important of those documents for salaried employees, as it details all your earnings and the tax already paid on it by your employer for […]
Tax Clearance Certificates
Without a Tax Clearance Certificate you won’t be able to: Submit any government tender Transfer property Complete BEE verification and certification Get Reserve Bank approvals Be on a supplier database of most companies A Tax Clearance Certificate has become an integral part of doing business in South Africa and one that should be approached proactively […]