By Brett Cameron, Customer Solutions Manager, Old Mutual. What’s in the news? As the year’s income tax submission deadline draws closer, there is growing concern that the South African Revenue Service (SARS) may fail to meet its tax collection targets for the year. According to the recent Tax Indaba, about 40% of outstanding taxes may […]
Tag ArchivesSARS
VBS curator reduces costs of the Bank
Over the past months, the curator of VBS Mutual Bank, Mr Anoosh Rooplal, has had to reduce all non critical costs in an attempt to align cash inflows with the cash outflows. Cash expenses have been exceeding cash income earned by the mutual bank. (more…)
What SMMEs need to know about compliance
Large multinational companies have been dominating the news for all the wrong reasons lately. Anne-Marie Pretorius, MD at consulting firm Bizmod says that many of these organisations’ issues can be attributed to weak processes and inadequate corporate governance and compliance policies. (more…)
Why you should inform SARS that you’re emigrating
A growing number of South African expatriates risk falling foul of local tax laws because they don’t understand the concept of financial emigration, and therefore don’t act on it. (more…)
Tightening up on the offshore trust rules
By Ernest Mazansky, Head of Tax Practice, Werksmans Attorneys. (more…)
SARS prescription only starts once tax return has been submitted
By Eric Madumo, Candidate Attorney and Joon Chong, Partner at Webber Wentzel In the recent case of CSARS v Char Trade, the Supreme Court of Appeal (SCA) that prescription begins to run against CSARS when a return for secondary tax on companies (STC) is submitted to SARS by a taxpayer. (more…)
The good and bad of proposed tax amendments for cryptocurrencies
By Tertius Troost, Senior Tax Consultant at Mazars (more…)
Tax and SARS – do you understand the understatement penalty behaviours?
By Esther Geldenhuys, senior associate at Werksmans Attorneys (more…)
