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Deadline for provisional taxpayers, including trusts, is Wednesday 24 January 2024

22 January 2024 | Tax

The deadline for individual taxpayers and trusts that are provisional taxpayers to file their income tax returns for the 2023 tax year, is Wednesday 24 January 2024. The 2023 year of assessment refers to the period between 01 March 2022 to 28 February 2023.

SARS introduces automated VAT assessments

14 December 2023 | Tax

South African VAT vendors should familiarise themselves with SARS's recently launched automated VAT assessment system. SARS’ notice, which was issued on 11 December 2023 provides that the new system will automatically issue assessments for those who fail to submit necessary verification documents timeously. Most notably, corrections will not be allowed for the same period once an automated VAT assessment is issued.

SARS Commands Collection – A Snapshot of the War on Non-Compliance

28 November 2023 | Tax

2023 has seen SARS expanding its compliance arsenal, implementing processes such as the Approval of International Transfer (AIT) process, and sending out waves of Handover to 3rd Party Debt collector Notices to non-compliant taxpayers.

South Africa: Non-resident “employers” beware - Change is coming

09 November 2023 | Tax

Where a non-resident pays “remuneration” to an individual in South Africa for the services rendered, they are generally treated as an “employer” as defined in the Fourth Schedule to the Income Tax Act (ITA) on the basis that it pays or is liable to pay “remuneration” to the individuals.

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