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PRACTITIONER CONNECT ISSUE 11 (FEBRUARY 2018)

Welcome to the latest edition of Tax Practitioner Connect, the electronic newsletter for tax practitioners that keeps you up to date with the tax matters that affect you.

The PAYE legislative changes for the 2019 year of assessment are as follows:

  • Bursaries or Scholarships
    The exemption thresholds for bursaries or scholarships granted by an employer to enable or assist a non-disabled relative of an employee to study at a recognised educational or research institution have been increased from 1 March 2017.

    Four new tax certificate codes for bursaries or scholarships granted by an employer to enable or assist a disabled member of the family of an employee in respect of whom the employee is liable for family care and support, to study at a recognised educational or research institution have been introduced with effect from 1 March 2018.

    Detail of the different threshold amounts applicable to a non-disabled relative of an employee and a disabled member of the family of an employee in respect of whom the employee is liable for family care and support are available in the Guide for Employers in respect of employees’ Tax (2018 Tax Year).

  • Reimbursive Travel Allowance
    The definition of “remuneration” was amended with effect from 1 March 2018.  The amended definition now includes the travel expenses reimbursed by the employer (based on the employer reimbursement rate per km) as exceeds the amount based on the prescribed rate (R 3.61 for 2019). 

    The travel expenses reimbursed by the employer based on the prescribed rate (R 3.61 for 2019), is not remuneration. The 12000 kms limit to enable using the R3.61 rate per km, was removed from 1 March 2018.

    The new source codes and information about the application thereof will be made available in the relevant SARS guides and Business Requirement Specifications.

  • Dividends not exempt
    The definition of “remuneration” was also amended to include any amount received by or accrued to a person by way of a dividend contemplated in paragraph (kk) of the proviso to section 10(1)(k)(i).

     More information will be available in the relevant SARS guides on this website.
Last Updated: 23/02/2018 4:18 PM     print this page
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