Category Archives: Tax

Non-Executive Directors: Income Tax and VAT Implications

There has been uncertainty for some time as to whether employees’ tax (PAYE) should be deducted from payments made to Non-Executive Directors (NEDs) for the services they perform. There has also been debate around whether NEDs should charge VAT for … Continue reading

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SARS Streamlines its Alternative Dispute Resolution System via eFiling

Often in the dispute process, vital documents cannot be accessed. For example, a request to SARS to explain an assessment (Request for Reasons) is lodged but it gets either lost or stuck in the SARS system. By the time it … Continue reading

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How Many Days A Year Do You Work For The Taxman?

In the last few years in particular we have been aware of tax increases. The Free Market Foundation measures how many days in a tax year it takes to pay our taxes (taking total taxes over total earnings – obviously … Continue reading

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Are You Battling to Get a Tax Refund? Tax Ombud To Investigate SARS Systems

Two months ago we wrote about how the Tax Ombud was now more independent of SARS and it hasn’t taken the Ombud long to flex these powers. Over half of complaints received by the Ombud relate to the long time … Continue reading

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You and Budget 2017 Part 2: The New Tables

For ease of reference please find below – The new tax tables for individuals and trusts other than special trusts The new tax tables for Small Business Corporations The new transfer duty rates This article is a general information sheet … Continue reading

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You and Budget 2017: Tax Increases Are Now the Order of the Day

This budget is one of the most anticipated for many years with many questions still needing answers: How will the expected tax increases pan out? Will the Minister of Finance and his deputy keep their jobs? Will the budget incorporate … Continue reading

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Tax Ombud Now Has More Powers

The Office of the Tax Ombud (“OTO”) was created in 2013 and despite initial doubts as to its role has carved a niche for itself and gained credibility as a result. Recent legislation has strengthened the OTO. The Ombud was … Continue reading

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Are you struggling to get your tax refund?

There is a feeling that taxpayers are getting fed up over the amount of tax they have to pay. Add to this the adverse publicity SARS has received as one of the focal points of the current political struggles and … Continue reading

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Are we headed for junk status or only tax increases?

“We have to show that we will stick to our undertakings on consolidation, but on the other hand we have got to be very mindful that fiscal consolidation in the absence of growth does damage growth further.”  (Finance Minister Pravin … Continue reading

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Tax Time – October Updates

The New Tax Compliance Certificate Process Made Easy SARS has recently introduced a new Tax Compliance Status (TCS) process which will enable you to see at a glance your tax compliance status. You need to be on eFiling and to … Continue reading

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