Tag Archives: SARS

Payslips Are Important! A Practical Guide to Getting Them Right

Getting payslips correct for your staff carries legal responsibilities for both you and the staff member. Payslips are of course often used in the public domain, such as for getting bank loans, and so they are a public reflection of … Continue reading

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SARS’ Plans to Tax Income Earned Abroad

As the law currently stands, if a South African tax resident works abroad for 183 days or more (of which 60 days must run consecutively) in a year, that person is not taxed locally on foreign based earnings. Treasury has … Continue reading

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Must You Pay Tax on Bitcoin Transactions?

Bitcoin has become increasingly used in South Africa and there are some good platforms for its use. Although it has proved volatile (it fell 30% in value recently), its long term value has risen over the past decade. So is … 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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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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A nightmare on SARS street: They’re using debt collectors to recover tax

Our two worst nightmares are owing SARS money and being pursued by debt collectors. These nightmares are fusing into one as SARS have contracted debt collectors to recover amounts due to SARS that are older than four years. Why would … Continue reading

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The axe begins to fall for those named in the Panama Papers

We live in the age of leaks. The latest is the “Panama Papers” which details how wealthy people and companies have used off-shore accounts to protect and hide their assets from their country’s authorities. 1,700 South African names appear in … Continue reading

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Your tax deadlines for July

The period for individuals to submit tax returns for the 2015/2016 period begins on 1 July. Important dates to remember for the 2015/2016 tax year are: 23 September 2016 is the due date for manual and postal income submissions. 25 … Continue reading

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