SARS Debt Collection on the increase
SARS Debt Collection Blog Header SARS Debt CollectionEnforcement Update Professional insights on the new collection landscapeand how to protect your interests Professional Tax Advisory SARS Debt Collection: What Our Clients Need to Know About Increased Enforcement The South African Revenue Service (SARS) has significantly intensified its debt collection efforts over the past year, implementing aggressive […]
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 […]