Tax

8 August 2022 Information SARS reports high call volumes and extremely long waiting times. Number of SARS branches are also closed for in person visits but online services are available and taxpayers are encouraged to make use of these. You can find the latest status of the SARS tax branches here.

5 August 2022   Information The current excise duty regime applies a flat excise rate of 34.7c/kg for traditional African beer powder. From 1 October, however, all alcohol powder products classified as preparations for use in the manufacturing of alcoholic beverages will be taxed at the same rate. Manufacturers of these products must apply to …

Excise duty charges for all alcohol powder products Read More »

29 July 2022 Western Cape Mobile Tax Unit Schedules have been added – you can access the list here. Kwazulu-Natal has published updated Mobile Tax Unit (MTU) schedules: Schedule for August 2022 click here. Schedule for September 2022 click here. Schedule for October 2022 click here. What services are offered and which documents to take …

Updated Mobile Tax Unit Schedule Read More »

26 July 2022  Information SARS updated the rates at which interest-free or low interest loans are subject to income tax. The rate has been changed from 5.75% to 6.5% from 1 August 2022. You can see the table of interest rates here.

27 July 2022  Information The South African Revenue Service (SARS) issued a media statement on the ongoing strike action. It is stated that SARS remains committed to resolving the ongoing industrial action with organised labour. As communicated earlier, SARS does not determine its own budget, but relies on funding allocation from National Treasury. It is …

Media update on the ongoing SARS strike Read More »

28 July 2022 Information The Offences and Penalties Policy document has been revised to explain how to apply PAJA when a client elects to be dealt with departmentally in terms of Section 91 and the client have supporting documents to prove their mitigating circumstances. The deposit amount for the possible penalty (SC-CO-01-01-A01) relating to the contravention …

SARS Customs – Revised Offences and Penalties Policy Read More »

29 July 2022 Information The commencement date of the DRC Regulations was 1 July 2022. How do the transitional measures work? A transition period of one month from 1 July 2022 was allowed for affected vendors to ensure that they make the necessary adjustments to invoicing, accounting systems and other requirements under the DRC Regulations. …

VAT Domestic Reverse Charge transitional measures Read More »

29 July 2022 Information Due to SARS wage negotiation dispute notice was issued that cargo processing times will be adjusted from 06:00 to 18:00 at the following ports with effect from 01 August 2022 until further notice. To view the list of ports affected and for more information you can read here. Need assistance Email …

Changes to Cargo Processing Hours at Selected Ports Read More »

29 July 2022   Information SARS released trade statistics for June 2022 recording a preliminary trade balance surplus of R24.23 billion attributable to exports of R184.61 billion and imports of R160.38 billion. The same surplus recorded in June 2021 was R49.54 billion. The year-to-date (01 January to 30 June 2022) preliminary trade balance surplus of …

SARS releases the preliminary trade statistics for June 2022 Read More »