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Tag: tax compliance

SARS may be your follower on social media

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It has been widely reported that SARS has committed to probing the tax affairs, and information disclosed by High-Net-Worth Individuals (HNWI) on their tax returns, in order to determine their compliance with the respective tax legislation, with the establishment of the High Wealth Individual Taxpayer Segment (HWI).

As SARS rolls out smart collection, tax practitioners must respond

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As the SARS collection process becomes more technologically advanced, tax practitioners must advise clients to avoid tax evasion and remain compliant. SARS will soon become so efficient at detecting tax evasion and recovering hidden revenues, it will no longer be worth it to lie on returns.

Rotational workers and provisional taxes – all you need to know

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As 28 February 2021 looms near on the horizon, so too does the deadline for the second provisional tax submissions for 2021. This February will be the most important tax submission to date for expatriates earning above the R1.25 million threshold as they will now be exposed to a previously non-existent tax liability in South Africa.

The post-COVID-19 world needs new approaches to tobacco taxes

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As South Africa prepares to hear Finance Minister Tito Mboweni’s medium-term budget speech this week, it is becoming increasingly clear that the country needs a new post-COVID-19 approach to the tobacco industry and the growing illicit tobacco sector.

Checking the compliance status of your tax records

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The frustration factor for taxpayers is on the rise during COVID-19, with it becoming noticeably more difficult to find fast and reliable solutions. In this environment, it is crucial to ensure you are tax compliant.

Tax filing season: taxpayers’ rights matter

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We are redoubling our efforts to create awareness about our services and protect the rights of taxpayers this filing season, with the launch of an informative digital awareness campaign #TaxpayersRightsMatter. The campaign was launched on 1 September 2020.

Tax returns auto assessments – check before you ‘accept’

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Speak to any individual taxpayer and tax practitioner these days and no doubt ‘auto assessments’ will feature in the conversation. Whilst many agree that the auto assessment process is a good idea and there is appreciation of SARS’ intention to simplify tax compliance, there are mixed feelings regarding the implementation and practicality thereof.

Tax returns: do the right thing or face the consequences

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The Commissioner of the South African Revenue Services (SARS), Edward Kieswetter, briefed the media and stakeholders on 30 July 2020 to provide an update in terms of SARS’ plans in respect of the 2020 Filing Season. The theme for this year’s filing season is #YourTaxMatters.

PODCAST | Important court win for small business owner against SARS

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An interview with Jean-Louis Nel, Tax Attorney, Tax Consulting SA, and Dr Ivor Blumenthal, CEO, ArkKonsult, discussing how the Pretoria High Court granted a small business owner an urgent basis for relief against SARS who depleted his bank account without following due process.

Important court win for small business owner against SARS

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Earlier this month, the Pretoria High Court granted a small business owner an urgent basis for relief against the South African Revenue Service (SARS) who depleted his bank account without following due process. The court ordered SARS to set aside the third appointment of Absa who collected R1.3 million on behalf of SARS from the taxpayer’s bank account in terms of Section 179 of the Tax Administration Act (TAA).

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