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.
Category: Tax Compliance and Administration
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.
The Office of the Tax Ombud plays a vital role to ensure fair administrative justice in South Africa, as far as tax related matters are concerned. It can assist taxpayers in resolving complaints against SARS which is of a service, procedural or administrative nature.
Everybody knows The South African Revenue Service (SARS) is under collection pressure and they have grown rather fond of appointing 3rd parties, such as banks, to recover outstanding tax debts directly, which leaves taxpayers stunned.