Changes to Tax Administration Penalties – 1 December 2021
Taxpayers who file their 2021 annual returns late will receive an administrative penalty on 1 December 2021. Previously a taxpayer would need 2 or more years outstanding in order to receive an admin penalty. This has now changed. An Administrative Penalty (Admin Penalty) is a penalty levied under Section 210 of the Tax Administration Act […]
Home Office
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 available if criteria are met. SARS […]
Reserve Bank Exchange Control Changes
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 promote trade, investment and speed up […]