With SARS intensifying its compliance scrutiny, whether intentional or unintentional, failing to adhere to tax laws carries severe consequences. While many taxpayers have previously expected [...]
The South African Revenue Service recently introduced Pay As You Earn (PAYE) administrative penalties for the failure to submit EMP501 reconciliations on time. According to SARS, this measure is [...]
How to minimise your tax burden, ahead of time Having recently filed your 2022 Income Tax return as well as your 2nd Provisional Tax return for 2023, the last thing on your mind is your tax [...]
With tax season in full swing, individuals are encouraged to submit their tax returns before the October deadline. What is important is to make sure that you are compliant and know your status, [...]
Tax deductions on your pension or annuity income SARS has clarified its recently introduced legislation that applies to its PAYE deduction system process with regards to pensioners who are in [...]