On Monday, President Jacob Zuma directed the Minister of Finance, Malusi Gigaba, to trim down expenses and increase revenue to find a solution to the
Ratings agencies have balked at finance minister Malusi Gigaba’s suggestion in the Medium-Term Budget Policy Statement (MTBPS) that government has reflected on the best strategy
Taxpayers submitting inaccurate tax returns based on unsubstantiated information could face penalties. Taxpayers may approach the South African Revenue Service for an “agreed assessment” if
Despite the fact that SARS has upheld their philosophy of education, service, and thereafter enforcement, they have noticed an increase in taxpayers not submitting their
Tax law experts say several ‘tax havens’ have joined the CRS agreement, and the UAE concluded a double tax agreement with SA. In response to
SARS will intensify criminal proceedings against tax offenders from October, it said on Thursday. The revenue service is attempting to make sure taxpayers file their
If you have a good job overseas‚ living in a country where the tax rate is 25%‚ but your salary falls into South Africa’s 45%
Note: If the information pre-populated on your ITR12 does not match the information reflected on your medical scheme tax certificate(s) which you received from your
This article was first published in the second quarter 2017 edition of Personal Finance magazine. There has been uncertainty for some time regarding the employees’
SARS has asked that South Africans who have submitted their tax returns for the 2017 tax season be patient, as it has implemented additional assessment
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