The 2021 Provisional Tax deadline is near!

Are you a provisional taxpayer? Are you aware of the upcoming 2021 tax deadline that is due at the end of January 2022? Provisional Tax is not a separate tax from income tax. It is a method of paying the income tax liability in advance, to ensure that the taxpayer does not have a large […]

Provisional Tax Explained

What is Provisional Tax?  First and foremost, provisional tax is not a separate tax from income tax. It is a method of paying our relative income tax liability in advance, to ensure that the taxpayer does not remain with a large tax debt on assessment upon submission of their annual return.  Provisional tax allows the […]

Home Office Expense Claims

Can you deduct your home office expenses from tax?  The South African Revenue Services (SARS) have allowed workers working from home to claim expenses related to home office use, but only under specific circumstances. The Covid 19 pandemic has necessitated employees to adopt the stance of working from home remotely during the lockdown period. As […]

SARS Targets Wealthy Taxpayers

Dedicated High Wealth Unit Established….  South African Revenue Service (SARS) commissioner Edward Kieswetter has announced that the revenue collector has profiled and identified a number of high net worth individual who enjoy the benefits of a lavish and luxurious lifestyle, however are unable to demonstrate how this lifestyle is maintainable based on the income that […]

Expatriate Tax and What You Need To Know

South African Expats Beware… South Africans working or living abroad can no longer avoid the proverbial grasp of the South African taxing authorities (SARS). Expatriates need to be aware of the recent amendments made to the current laws governing expatriate taxes in order to avoid dire consequences, such as penalties and possible criminal sanctions. Amendments […]

Tax Penalties and Interest

Are you incurring penalties and interest? Penalties and interest are SARS’ best friends. Specific forms of non-compliance in regard to your taxing affairs may lead to the imposition of penalties and interest by SARS. Irrespective of the mistakes made by the taxpayer, SARS will levy penalties for non-compliance and, where tax is underestimated or when […]

Tax Compliance or Jail

Unaware of taxing rules and regulations? The claim that taxpayers are unaware of an aspect of South Africa’s taxing rules and regulations will no longer be an excuse for non–compliance. Ignorance in regard to your tax status and compliance may lead to hefty fines and possible prison time with the new amendments that have been […]

Exporting from South Africa

So, you want to export your products? If you’re in the business of making and selling products (or traditionally called manufacturing) then it may be in your plan to one day export your product across South Africa’s borders. Sales in South Africa could at any time run dry or be put under pressure, so it’s […]