FAQ: Which Public Institutions have to apply for tax exempt status?

Public institutions that do not have a provision in the Income Tax, which provides for exemption of its receipts and accruals, will have to apply for approval. Public institution should apply for exemption from Income Tax as they are not automatically exempt, and requires the SARS Commissioner’s discretion to grant exemption from Income Tax as […]

FAQ: Which Public Institutions have to register for Income Tax?

Public institutions will have to register for income tax where they become liable for income tax, or where they have to register for income tax. Public institutions will generally fall under a list of entities that have to file annual tax returns and would have to register for income tax.

FAQ: How do we make payment on the VAT undertaking?

SARS is a pre-determined beneficiary at all banking institutions. You can make payment at any branch teller (ABSA; FNB, Nedbank; Standard Bank) by making use of the payment reference number provided. You can also make use of online banking by selecting SARS as a pre-determined beneficiary. When selecting a SARS account on internet banking ensure […]