Tax

25 March 2023   Tax Administration Act, 2011, and Employment Tax Incentive Act, 2013.   1.  IT45935 Regarding the Procedure – determining good cause in the interest of justice and whether good cause was established not to grant the appellant the default judgment it sought.   Procedure: Interlocutory application – whether statement delivered by the …

Tax Court Judgments Read More »

30 March 2023   The Draft Guide   Draft guide to the Employment Tax Incentive (Issue 5) and Interpretation Note are published for comment.   The draft Guide includes the amendments to the definition of “employee”, “monthly remuneration” and section 6 (qualifying employees) introduced by the Taxation Laws Amendment Act 20 of 2021.  These amendments …

Comment on draft Guide and Interpretation Note on ETI Read More »

30 March 2023   New guides issues in terms of Customs and Excise Act, 1964 (the Act):   You can read the guide here.

29 March 2023   Returns of information to be submitted by third parties in terms of section 26 of the Tax Administration Act. The Notice lists the persons required to submit third party returns and description of what returns need to be submitted.   You can find the notice here.

24 March 2023   The PAYE Employer Reconciliation BRS for the 2024 tax year was updated with the validation rules for the Directive Information fields have been amended.   You can read the guide here.

27 March 2023   Employees’ tax (PAYE) on your pension or annuity for the tax period 1 March 2023 to 29 February 2024.   Where a pensioner has one source of income during a tax year, our employees’ tax (PAYE) deduction system ensures the correct PAYE deductions from a pension.   However, where a pensioner …

Tax Directives New FAQ Read More »

24 March 2023   Beware of an email titled ‘SARS Letter for you’ or ‘Letter of Demand’. The email threatens the recipient with a court order and blacklisting and has a link to a phishing website. Do not click on any links.   See an example of this here.   Forward any suspicious mails to phishing@sars.gov.za or …

Latest scam ‘Letter of Demand’ Read More »

The Employer Annual Declaration opens on 1 April and closes on 31 May 2023. During this period, employers are required to submit their annual reconciliation declarations (EMP501) that reflect accurate and the latest payroll information about their employees, monthly employer declarations (EMP201) for PAYE, UIF and SDL; payments made (excluding penalties and interest paid); and …

Employer Annual Declaration opens on 1 April and closes on 31 May 2023 Read More »

  10 March 2023   Rules promulgated under section 103, prescribing the – Important changes The most popular amendment is that the period for taxpayers may submit objections has been extended from 30 to 80 business days.    Before the amendments, taxpayers were only required to specify which documents they intended to rely on to substantiate the …

New Dispute Resolution Rules Read More »