MarQ Rekenmeesters/ Accountants

27/03/2023

In this article, we find out how such a tax debt can arise, when SARS can take money from your bank account, and how to prevent it from happening.

28/01/2023

In South Africa, the shareholders of a company are the owners of the company. They elect the directors of the company and have the ultimate authority to make decisions about the company's affairs. Directors, on the other hand, are responsible for the management and direction of the company. They are...

24/09/2022

30/06/2022

Sars introduces new rules to regulate the profession.

13/06/2022

✳️IMPORTANT NOTICE: Tax Season 2022 (UPDATE)✳️

The 2022 Filing Season OPENS on the 1st of July 2022 and SARS has announced some changes to the Auto Assessment process.

Taxpayers who receive an auto-assessment will have just 40 business days from the assessment date to file a return if they are not in agreement with their auto-assessment.

Read more on Auto-Assessments here https://www.taxtim.com/za/blog/what-you-need-to-know-about-sars-assessment

Important Filing Deadlines

✅ 24 October 2022: non-provisional taxpayer
✅ 23 January 2023: provisional taxpayer

Continue Reading
https://www.taxtim.com/za/blog/tax-season-2022

10/06/2022

The South African Revenue Services (SARS) says that taxpayers will be able to file their tax returns from 1 July 2022.

27/05/2022

Filing Season 2022

The public notice (https://bit.ly/3wRFGrh), scheduled for publication in the Government Gazette on 3 June 2022, relates to the notice in terms of section 25, read with section 66(1) of the Income Tax Act, 1962, specifying the persons to submit income tax returns for the 2022 tax year and the periods for submission.

Please note the changes in deadlines – 24 October for non-provisional and 23 January 2023 for provisional taxpayers.

SARS also noted that in preparation for the opening of the Personal Income Tax Filing Season in July 2022, between the period of 4 June 2022 until the opening of Filing Season, there is a possibility that the prepopulated data reflecting within taxpayers’ Personal Income Tax or Provisional Tax returns requested via eFiling, the SARS Mobi application or via a SARS Branch Office during this period, will pre-populate but may not be comprehensive until Filing Season is officially opened to the public.

SAICA - The South African Institute of Chartered Accountants

26/02/2022

Government has granted some tax relief by adjusting personal income tax brackets and rebates for the effect of inflation.

15/02/2022

In the recent judgment of Purveyors South Africa Mine Services (Pty) Ltd vs Commissioner for the South African Revenue Services (135/2021) [2021] ZASCA 170 (7 December 2021), the Supreme Court of A

08/02/2022

Labour minister Thulas Nxesi has published the new minimum wage for South Africa.

02/02/2022

The Office of the Tax Ombudsman (OTO) has published its first compendium of taxpayers, rights and obligations in South Africa.

14/01/2022

🚨 I Enhancements to the disputes process

The disputes forms i.e. Request for Remission, Notice of Objection and Notice of Appeal have been enhanced on eFiling to HTML format. The process on eFiling to submit a Personal Income Tax and/or Corporate Income Tax dispute was improved to be more intuitive, and the taxpayer will be presented with the next step based on previous dispute steps taken.

📌For more info, see the Guide on how to Dispute Administrative Penalties via eFiling, http://ow.ly/5Cx450H7Slt

📺View our on-demand Tax Dispute Resolution Series presented by a panel of experts sharing their practical experience and knowledge in navigating the increasingly complex and contentious field of tax administration and tax disputes, http://ow.ly/WAXJ50H7Sny