23 January 2023: digitally via eFiling (provisional taxpayers) If you don’t submit your income tax return on time, you may be liable for admin penalties. SARS can charge an administrative penalty which can range from R 250 to R 16 000 per month, or R 3 000 to R 192 000 per year....
Posted 20 July 2023 SARS have recently introduced a new way to track your tax return online via the SARS website. See TaxTim's step-by-step guide to help you nagivate this new process: 1. Please go to the SARS website www.sars.gov.za click on "Contact Us" 2. Scroll down the...
View SARS Tax Brackets & Tax Tables for 2023-2024 Learn moreTips on How to File your Business Tax Return Follow our below tips on how to file your business tax return or read our step-by-step guide on how to file your own business tax here. 1. Gather all your tax and financial ...
Huawei Services (Hong Kong) Co., Limited ("Huawei Services") is registered as a value-added tax vendor of the South African Revenue Service ("SARS") in accordance with the Value-Added Tax Act 89 of 1991 of South Africa. From July 1, 2020, Huawei Services will collect a 15% VAT on ...
On January 17, 2023, SARS published an Interpretation Note titled “Determination of the taxable income of certain persons from international transactions: intra-group loans.” This Interpretation Note provides guidance on how SARS will determine arm’s length pricing for intra-group loans. The Inte...
Tally Solutions | Updated on: February 14, 2023 Four Ways of getting your SARS tax number Request an eBooking appointment Confirmation request to determine whether to submit a (PIT) tax return Request the issuing of the IT150 (Tax Registration Number) Request Account related queries (balance ...
The Manual on the Handling of Multilateral Mutual Agreement Procedures and Advance Pricing Arrangements was issued by OECD Forum on Tax Administration on February 1st, 2023 as a guide to multilateral Mutual Agreement Procedures and Advance Pricing Arrangements processes and how they could function, provi...
Download your free guide, Tax saving strategies for small business 1. Speak to an accountant Unless you’re an accountant, it’s wise to seek help from a qualified professional to understand your tax obligations, including annual ITR14 SARS submissions. ...
Other support from the IRD The IRD will also provide other support to taxpayers such as one-on-one e-concierge consultation on the use of the preparation tools, IT support service hotline to help businesses to upgrade their own computer programs, online walkthro...
SARSEP A SARSEP is a Salary Reduction Simplified Employee Pension Plan.This kind of SEP Plan is no longer available and must have been established before 1997. It is essentially a SEP with more restrictive requirements.Tax Benefits (Now):Contributions are made with tax-free deferrals of salary...