24 November

Tax returns for the 2015 year of assessment

The Commissioner for SARS gave notice in the recent Government Gazette No. 38874 (dated 12 June 2015) of the persons required to file annual income tax […]
14 September

Why SARS requests supporting documents

Most taxpayers know that sinking feeling when SARS requests supporting documents from them. Which supporting documents must I submit? Am I being audited? Did I make […]
14 September

Employer interim reconciliation

In the past SARS required the Employer Reconciliation to be done every twelve months. A few years ago SARS introduced the Employer Interim Reconciliation in addition […]
21 July

Documentation required for Income Tax Returns – Individuals

2015 Deadlines for Income Tax Returns for Individuals: 30 September 2015 – Manual Submission 27 November 2015 – eFiling Submission (non-provisional taxpayers) 29 January 2016 – […]
21 July

Provisional tax for individuals

Provisional tax is not a separate tax but rather pre-payments towards your income tax liability for a specific tax year and is filed bi-yearly (August and […]
16 March

VAT: The difference between standard-rated, zero-rated and exempt supplies

There are three categories of supplies that can be made by a VAT vendor: standard-rated, zero-rated and exempt supplies. Output tax must be levied on all […]
16 March

SARS VAT reviews and audits

It has become a common occurrence for vendors to receive a notice for a VAT review from SARS, which requires the vendor to submit supporting documentation […]
16 March

SARS: Procedure to change banking details for a registered VAT vendor

A VAT vendor (an individual  or a business entity) has certain administrative duties in terms of the various acts applicable to VAT, one of which is […]
18 November

Capital Gains Tax and the sale of a property

Capital Gains Tax was introduced on 1 October 2001. Capital Gains Tax is payable on the profit a seller makes when disposing of his property. What […]

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