Employees and their relatives who were awarded scholarships and bursaries benefited from a tax exemption since 2006 but this programme became the subject of controversy in 2020.

The capable and qualified team in our tax department add great value whilst assisting our clients with a comprehensive list of tax related services. If you have any queries regarding income tax, VAT, PAYE or any other tax or SARS related matters, feel free to contact us.

A tax invoice is an essential part of the audit trail of a vendor and the failure to issue a tax invoice is a contravention of the Value-Added Tax Act No.89 of 1991 (the VAT Act) and an offence in terms of Administration Act, No 28 of 2011 (the Admin Act). Our article lists the requirements for a valid tax invoice.

Understanding provisional tax estimates and payment rules are important to avoid unnecessary penalties and interest. This article gives a brief overview of some of the basic concepts in this regard, which provisional taxpayers must be aware of.

Avoid administrative penalties and diarize the dates for the filing season.

All employers must please take note of the following very important facts regarding the 2021 Employer Annual Reconciliation (EMP501).

The deadline for financial emigration has come and gone but emigrants can still access and transfer retirement funds offshore if they have been tax non-resident for 3 years. Tax emigration, however, is not a straightforward process and it has implications that you need to consider before making any decision.

Huiswerkers is nou geregtig om by die Vergoedingskommissaris (WCA) te eis in geval van ‘n besering, siekte of afsterwe aan diens. Werkgewers van huiswerkers is verplig om hulself en hul huiswerkers by WCA te registreer en jaarliks die assesseringsopgawes in te dien – selfs al is u huiswerker net tydelik in u diens.

On 15 January 2021, the president has signed new tax and finance-focused bills into law, including the Taxation Laws Amendment Act (TLAA), and the Tax Administration Laws Amendment Act (TALAA). These Acts came into effect on 20 January 2021.