23 May 2020

There is no doubt that the working environment is going to change after COVID-19. Open plan offices might well be a thing of the past for many corporates. Working from home can have its benefits such as not spending 4 hours in traffic every day. There are also certain tax deductions…

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06 May 2020

The SARS commissioner has announced changes to the 2020 tax filing season. Below are the proposed phases and dates. The full press release is available here. PHASE 1 – 15 April – 31 May 2020 This will be the period that employers are required to complete the EMP501 and IRP5…

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22 Apr 2020

Recently the Finance Minister announced progressive measures towards promoting cross-border trade. Many of these proposed changes stemmed from the recent signing of the African Continental Free Trade Agreement which is expected to come into effect on 1 July 2020.  This Agreement includes 55 member countries and is aimed to…

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14 Apr 2020

We have found this Youtube video from the Tax Faculty extremely beneficial.

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08 Apr 2020

The South African Tax Company is an online accounting firm. With that in mind we’re always keeping a keen eye on new developments in online accounting. Anything that can cut down clients frustration and saving time is worth looking at. Hubdoc, by Xero is a game changer. Its an…

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03 Feb 2020

The South African Revenue Service (SARS) has announced a major tech shake-up as it focuses on data-driven insights, self-learning computers, and artificial intelligence. SARS Commissioner Edward Kieswetter said that the new focus follows an extensive consultation campaign with staff which has redefined the tax collector’s strategic objectives. This has…

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21 Jan 2020

On 1 March 2020 the manner in which foreign employment income is treated by SARS will change. There has been a great deal of hype and confusion regarding this change.   Let’s unpack this in simple terms. South Africa has a resident-based taxation system, meaning South African tax residents are taxed…

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05 Jul 2019

SARS have launched the 2019 filing season with a fresh new e-filing interface and mobile application for the tax year. Unfortunately they have again launched a system that is only partly functional. On the first day of filing season the system was down for 5 hours. Errors including not…

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04 Jun 2019

Pretoria 4 June 2019 – SARS have confirmed that taxpayers who meet all of the following criteria and earn R500 000 total employment income need not file a tax return: They only receive employment income from ONE EMPLOYER for the full tax year They have no other form of INCOME (e.g. car allowance,…

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17 Nov 2018

SARS have announced the implementation of administrative penalties for companies with outstanding tax returns. In terms of the Tax Administration Act of 2011, they are entitled to impose penalties for non compliance. This indicates a change in direction for SARS. Previously only individual penalties have been applied as many…

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