Tag Archives: PAYE

Your Tax Deadlines for May

Your Tax Deadlines for May 2022

06 May Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 May Value-Added Tax (VAT) manual submissions and payments 30  May Excise Duty payments 31   May Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable Disclaimer: The information provided herein should not be used or relied on as professional advice. No liability can be […]

The New Employment Tax Incentive Limits

What The New Employment Tax Incentive Limits Mean for Your Business

“Since the unemployment rate in the Republic is of concern to Government; and since Government recognises the need to share the costs of expanding job opportunities with the private sector…” (Preamble to the Employment Tax Incentive Act 26 of 2013 [ETI Act]) During Finance Minister Enoch Godongwana’s 2022 Budget Speech, a substantial 50% increase in […]

The PAYE Dangers for Multiple Income Streams

Multiple Income Streams? The PAYE Dangers and a New Option for Pensioners

A nightmare situation for many South African taxpayers is discovering after their year-end tax assessment that the PAYE they paid on various income streams during the year was not enough. The result is a substantial tax debt, which can often not be settled in time to prevent hefty late payment penalties and interest. To avoid […]

Tax Deadlines

Your Tax Deadlines for December 2021

2 December – Extended filing season deadline for non-provisional individual taxpayers (originally 23 November 2021) 7 December – Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 December – Value-Added Tax (VAT) manual submissions and payments 30 December – Excise Duty payments 31 December – Corporate Income Tax (CIT) Provisional Tax payments where applicable 31 December – […]