Provisional tax due shortly

Provisional tax due shortly

Individual taxpayers who are registered as provisional taxpayers as well as all companies, close corporations and trusts with a February year end must submit their first provisional tax return for the 2021 tax year by the end of August. They also have the option to...
Income tax season only opens 1 September 2020!

Income tax season only opens 1 September 2020!

In the past tax season usually opened on 1 July for individual tax return submissions. As a result of COVID19 SARS has implemented a new strategy to reduce the need for taxpayers to potentially visit a SARS branch. This includes an automated assessment for some...
Tax on foreign income

Tax on foreign income

On 1 March 2020 the much talked about Tax on Foreign Income became a reality in South Africa. The question on everybody’s lips is: “Does this new tax apply to me?” Tax residency The short answer to the question is probably yes. It applies in the sense that this is...