ARAfides Auditors Inc.

07/07/2024

https://www.sapeople.com/business/sars-reassures-taxpayers-over-confusion-about-auto-assessment-notifications/

The SARS has reminded those taxpayers who haven’t received an auto-assessment notification that the process will take two weeks.

06/07/2024

https://businesstech.co.za/news/finance/780779/tax-return-warning-for-taxpayers/

A last-minute change by SARS means taxpayers who are trying to regularise their old tax returns may have to wait a long time to do so.

21/06/2024

https://www.sars.gov.za/latest-news/scam-alert-outstanding-tax-payment-2/

18 June 2024 – A reminder of the scam alert published last week: Fraudsters are posing as SARS, luring taxpayers into a trap. Don’t fall for it! SARS never provides bank account numbers. If you need to make a payment, only use the official SARS payment channels, see the Make a Payment webpage. T...

22/04/2020

And what are the qualifying criteria?

22/04/2020

President Cyril Ramaphosa announced proposals for additional COVID-19 tax relief, earlier this evening:

‘To assist a greater number of businesses, the previous turnover threshold for tax deferrals is being increased to R100 million a year, and the proportion of PAYE payment that can be deferred will be increased to 35 percent.
Businesses with a turnover of more than R100 million a year can apply directly to SARS on a case-by-case basis for deferrals of their tax payments.
No penalties for late payments will be applicable if they can show they have been materially negatively impacted in this period.
Taxpayers who donate to the Solidarity Fund will be able to claim up to an additional 10 percent as a deduction from their taxable income.’

SAICA is pleased to note that some of the issues raised in our submission to National Treasury and SARS last week has been taken into account, to some extent. To read the SAICA submissions:
Comments on the draft Disaster Management Tax Relief Administration Bill (https://www.bit.ly/2VR5RuF)
Comments on the draft Disaster Management Tax Relief Bill (https://www.bit.ly/2RXNBhP)

SAICA - The South African Institute of Chartered Accountants

20/04/2020

Good morning, As an online registered Employee you will be able to securely submit your Application for Benefits (for Unemployment, Reduced Time Benefits, Maternity, Illness ), to submit Continuation of Benefits and Notice of Appeal. ow.ly/sX9s30qyzHe

20/04/2020

How to save a company from the impact of COVID-19: https://bit.ly/3brZAvS

14/04/2020

Good morning, COVID 19 TERS online applications ow.ly/8TUp30qxcPh

12/11/2018

https://www.facebook.com/311095368907331/posts/2387087084641472/

The penalties range from R250 to R16 000 per month that non-compliance continues, depending on a company’s assessed loss or taxable income. Companies that have outstanding CIT returns are requested to submit their return to SARS before the end of November 2018 to rectify non-compliance and prevent...

30/10/2018

https://www.moneyweb.co.za/mymoney/moneyweb-tax/sars-clarifies-its-stance-on-medical-expense-claims/

After complaints that tax credits for out-of-pocket expenses were disallowed.

30/10/2018

https://www.google.com/amp/s/businesstech.co.za/news/technology/280061/this-small-tax-change-will-hit-south-african-cryptocurrencies-hard/amp/

South African innovators hoping to position the country as a hub for fintech innovation are bound to be disappointed by a seemingly small tax law change that National Treasury and the South African Revenue Service (SARS) are proposing.

30/10/2018

https://www.thesouthafrican.com/south-africa-sars-tax-return-deadline-october-2018/

Taxpayers of South Africa have until Wednesday 31 October to file their individual personal income tax returns.