9 December 2022 The South African Revenue Service (SARS) has implemented enhancements to the Tax Directives system in line with the introduction of Par 2(2B) of the Fourth Schedule which requires that employees’ tax to be calculated and withheld at a fixed tax rate from an annuity. You can find out more about the …
The following High Court Judgments were delivered: CSARS v Matsepe (40873/20) [2022] ZAGPPHC 801 (27 October 2022): Re: Sequestration of company director’s estate at SARS’s instance – reasons for sequestration order. Read the Judgment here. CSARS v Louis Pasteur Investments (Pty) Ltd and Others (A139/21) [2022] ZAGPPHC 754 (7 October 2022): RE: Procedure and evidence: …
New High Court Judgments and Labour Court Judgements Delivered Read More »
Tax Practitioners have the right to lodge a dispute when you are not in agreement with an assessment. SARS hosted a webinar to assist Tax Practitioners to educate taxpayers about their rights and obligations relating to the dispute process. The following topics was covered: Definition of the dispute process and the types of disputes that …
SARS dispute process: The rights and Obligations of Tax Practitioners and Taxpayers Read More »
The new online Traveller Declaration System is being introduced at all South African international airports, commencing with King Shaka International Airport on 29 November 2022. What does the new system entail?The new system allows travellers, including South African citizens and residents, leaving or entering South Africa by air to complete and submit an online traveller …
The South African Traveller Declaration System pilot project launched Read More »
The third edition of The Social and Ethics Committee (SEC) Trends Survey was jointly conducted by The Ethics Institute and the Institute of Directors in South Africa and published in October 2022. The current edition of the SEC Trends Survey provides insight into the nature, composition, effectiveness, but also challenges and impediments of the SEC. …
Digital transformation stays a clear leader in technology trends, due to the growth of data to be handled at any one time. Accountants will need to embrace the rapid advances in accounting technology if they want to remain relevant in the accounting industry. AutomationAutomation has been a growing trend in the accountancy and finance sectors, …
5 Technology Trends that is Transforming Accounting Read More »
8 November 2023 The ISSB’s objective to provide better information for better economic and investment decisions continues to be driven forward in response to demand from international stakeholders. At Sharm El-Sheikh’s COP27 the ISSB announced further steps in its delivery of the architecture needed for a global baseline, as well as partnerships agreed, that will …
ISSB at COP27: key announcements made on climate-related disclosure standards Read More »
On 4 November 2022, the Minister of Finance promulgated the Preferential Procurement Regulations, 2022 (2022 Regulations) in terms of the Preferential Procurement Policy Framework Act 5 of 2000 (PPPFA). On 8 November 2022 National Treasury published a media statement regarding the new regulations here. Importantly, the National Treasury media statement said the 2022 Regulations would …
Promulgation of new Preferential Procurement Regulations Read More »
7 November 2022 Beware of scammers who create false social media identities and impersonate employees of SARS. Their goal is to steal your information such as personal, tax, banking and eFiling details like login credentials, passwords, pins, credit/ debit cards. Remember to always use the official and secure SARS service channels available here.
Today, SAIBA submitted a request to SARS to extend IRT 12 deadlines from 24 October with 21 days. This request was based on the facts of a challenging filing season from starting with the industrial strike action to Eskom’s load shedding. Understanding that this is not a request one should make lightly, we are hoping …
SAIBA’s REQUEST TO EXTEND THE DEADLINES FOR SUBMITTING ITR 12 RETURNS Read More »
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