Payroll tax implications relating to the acquisition of a company car by an employee, as well as travel allowances, can be a tricky business. Great care should be taken by employers to correctly account for these items, when they process payrolls.
Category: Tax Compliance and Administration
SOUTH AFRICAN RESIDENTS WORKING ABROAD – IMPORTANT CHANGES
Sep 07,2017September 7, 2017
The 2017 Draft Taxation Laws Amendment Bill and the 2017 Draft Tax Administration Laws Amendment Bill have been published by the National Treasury and the South African Revenue Service (SARS) on 19 July 2017. An important change is proposed for South African residents working abroad.
BELANGRIKE KENNISGEWING: 2017 INKOMSTEBELASTINGOPGAWE STELSEL PROBLEEM WAT INDIVIDUE RAAK
Aug 10,2017August 10, 2017
Die Suid-Afrikaanse Inkomstediens (SAID) het onlangs skrywes uitgestuur waar daar gewaarsku word dat sommige werknemers se 2017 IRP5’e en/of IT3(a)’s moontlik foute mag bevat wat ʼn potensiële impak op hul finale belasting betaalbaar mag hê.
WHO MUST SUBMIT AND WHEN MUST THE 2017 TAX RETURNS BE SUBMITTED?
Jul 04,2017July 7, 2017
SARS has published the annual public notice noting persons who are required to submit an income tax return for the 2017 year of assessment.
EMPLOYMENT TAX INCENTIVE
Jun 05,2017July 7, 2017
Beware – Getting your valid Employment Tax Incentive (ETI) refunds are not a walk in the park.
NAMIBIAN TAX ARREAR RECOVERY INCENTIVE
May 04,2017July 7, 2017
FHBC (Wellington) (Pty) Ltd now offers tax services in Namibia through its sister company FHBC Consultants (Namibia) (Pty) Ltd. The Namibian Ministry of Finance have recently introduced an arrear tax recovery incentive programme effective from 1 February 2017 to 31 July 2017. FHBC can assist Namibian taxpayers to partake in the incentive programme.
IMPORT VAT AND CHANGES IN TIMING RULES
May 04,2017July 7, 2017
Import VAT’s timing rules changed more than 3 years ago. There are however still VAT Vendors not claiming the import VAT in the correct period. This article provides a quick recap regarding the applicable new requirements.
PROVISIONAL TAX PENALTIES EXPLAINED
Apr 06,2017July 7, 2017
Fairly recently changes to provisional tax penalties were made in amendments to the Income Tax Act and the Tax Administration Act. The amendments affect the provisional tax penalties.
PROVISIONAL TAX EXPLAINED
Feb 07,2017July 7, 2017
Often, we receive questions regarding various aspects of provisional tax. The following article is to serve as a basic guide for future reference when dealing with provisional tax.
VAT, TRANSFER DUTY AND FIXED PROPERTY (PART 2)
Dec 20,2016July 7, 2017
The question whether VAT or transfer duty must be levied on a fixed property transaction can be a confusing affair. This article aims to simplify the issue and to summarise different scenarios which a taxpayer might encounter in practise.