In South Africa, taxpayers often hear about both Tax and Provisional Tax, but many are unclear about the difference. Provisional tax is essentially an advance payment of the income tax owed for the current tax year, helping to spread the tax burden throughout the year and prevent a large lump sum payment at year-end.
Op 23 Mei 2025 het die Kommissaris van die Suid-Afrikaanse Inkomstediens (SAID), Edward Kieswetter, regulasies bekragtig wat bepaal wie inkomstebelastingopgawes moet indien vir die 2025 jaar van aanslag, sowel as die sperdatums vir indiening.
Tax compliance is all about individuals, businesses, and trusts doing their part - accurately reporting income, paying taxes on time, and following the rules set by law. It’s the key to keeping the tax system fair and running smoothly! In short, staying on top of tax rules and updates isn’t just smart, it’s your ticket to staying in good standing and avoiding penalties!
Thinking of emigrating — or already living abroad? You might be surprised to learn that SARS may still consider you a tax resident, even if you haven't set foot in South Africa in years. As the tax emigration rules have evolved, so too has the complexity around truly “breaking up” with SARS. In this article, we unpack the current framework, highlight recent developments, and explain what it takes to successfully cease tax residency in 2025 and beyond.
For South African expats living in the UK, recent developments in both the South African and UK tax systems could have significant implications for your financial future. With both countries tightening their tax systems, it's critical to understand your obligations on both sides and take proactive steps to protect your wealth. Here’s what you need to know about the changes and how FHBC can help you navigate them.
Where an employee performs his or her duties in a designated home office, a home office tax deduction may be available, but only if certain strict criteria are met. This article aims to provide general guidance regarding the home office tax deduction.
SARS deadlines, including debt due dates, do not go on holiday during the festive season.
Latest updates to take note of regarding Trust and Company tax returns as well as Trust verifications.
In hierdie artikel bespreek ons 10 eenvoudige BTW wenke vir Suid-Afrikaanse besighede rakende die voldoening aan BTW wetgewing, insluitende minder bekende BTW-insette waarop ondernemings geregtig is.
In the tax industry, there is never a dull moment. Sharing information and experiences with peers is crucial, as it paves the way for achieving tax compliance for both individuals and their clients, while also ensuring prompt refund processing by SARS.
