FAQ: Who is liable for the Dividends Tax?
The beneficial owner of the dividend is liable for the Dividends Tax – normally this would be the shareholder. However, if the particular dividend consists of a distribution of an asset in specie the liability falls on the company paying the dividend (similar to the situation under STC).
FAQ: What is the current rate on Air Passenger Tax?
Standard rate departures are R190 per ticket (for a destination other than SACU countries) Lower rate departures to BLNS countries (Botswana, Lesotho, Namibia and Swaziland) are R100 per ticket.
FAQ: Is Air Passenger Tax payable on complimentary tickets?
Complimentary or free tickets issued do not fall within the exemptions of Air Passenger Tax. Therefore where complimentary tickets are issued the applicable rate must apply.
FAQ: When do you receive this statement?
At the end of each month. It reflects all transactions that took place during the month.
FAQ: When do you submit the return?
The airline/operator is liable, within 21 days after the end of the month during which the amount was collected, to pay SARS.
FAQ: How do I upload supporting documents (relevant material) on eFiling?
To upload supporting documents (relevant material), follow these steps: Logon to eFiling Select: Returns Returns History The applicable type of tax (e.g. ITR12, Employees Tax, etc.) – a list of all returns/declarations sent will be shown. The return/declaration for which you have been asked to send supporting documents (relevant material) Click Open, on the far […]
FAQ: May a person who has been de-registered again register for turnover tax?
No. If a person has been deregistered from turnover tax, they may not be registered as a micro business again.
FAQ: When may a person de-register for turnover tax?
A person may elect to voluntary de-register before the beginning of a year of assessment or a later date announced by the Commissioner in a Government Notice. In the case of a compulsory deregistration, the business will be deregistered with effect from the beginning of the of the month following the month during which they […]
FAQ: What records should be kept by a micro business registered for turnover tax?
A major benefit of turnover tax is the reduced record-keeping requirements. The following records should be kept: 1. Records of all amounts received; 2. Records of dividends declared; 3. A list of each asset with a cost price of more than R10,000 on hand at the end of the year of assessment as well as […]
FAQ: How will the returns and payments work in the turnover tax system?
“This will essentially consist of one annual return with two interim (provisional) payments. If liable, you will be required to make two interim payments, one for the first six months of the year of assessment (August) and the other for the full year of assessment (February), but after deducting the first interim payment. An annual […]
