South African companies and households, with no option but to seek alternatives to Eskom’s expensive, erratic and deteriorating supply, will be relieved to know that – from a tax perspective – the timing could not be better to invest in solar and renewable energy. Two time-limited tax measures were announced in the 2023 Budget in […]
Tag Archives: SARS
10
Jun
Jun
Taxes are an inevitable outcome of starting to earn money. So what is personal tax and who is it for? Here are some essential things to know about personal tax as well as a handy free calendar to make sure no tax dates are missed. What is personal tax? Personal tax or personal income tax […]
10
Jun
Jun
Keep up to date with all company tax dates. Download this handy company tax calendar and stay on top of taxes. Corporate taxes are an unfortunate necessity when it comes to running any company. It can be hard enough keeping up with the changes in tax rules let alone all the due dates. It can […]
09
Jun
Jun
Friendly reminder: 7 June Monthly Pay-As-You-Earn (PAYE) submissions and payments 24 June Value-Added Tax (VAT) manual submissions and payments 30 June Value-Added Tax (VAT) electronic submissions and payments & CIT Provisional payments where applicable
29
Apr
Apr
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 […]
29
Apr
Apr
Customarily due at the end of May each year, your EMP501 final reconciliation can be a challenge! It involves not only verifying a substantial amount of information and reconciling declarations and payments made to SARS, but also issuing tax certificates to employees. Resolving issues with the reconciliations and employee tax certificates can be time-consuming and […]
30
Mar
Mar
“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 […]
30
Mar
Mar
“Dear IRS, I am writing to you to cancel my subscription. Please remove my name from your mailing list.” (Snoopy) According to some estimates, as many as 1,900 millionaires have left South Africa over the last few years. A New World Wealth Africa report indicates that 4,200 high net-worth individuals left the country over the […]
30
Mar
Mar
1 April Start of the 2022/23 Financial Year 7 April Monthly Pay-As-You-Earn (PAYE) submissions and payments 25 April Value-Added Tax (VAT) manual submissions and payments 28 April Excise Duty payments 29 April 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 […]
25
Feb
Feb
Tax compliance among Small, Medium and Micro Enterprises (SMMEs) has been forced into the spotlight by The South African Revenue Service (SARS) who in January launched a new monthly newsletter dedicated to the sector. The January issue covered the matter of tax compliance and revealed a number of new initiatives by SARS to streamline services […]
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