Government Connect Issue 23 (October 2024)

16 October 2024 – In the October edition we remind you of the changes pertaining to the Employer Interim Reconciliation process which closes on 31 October. Companies registered for Company Income Tax (CIT) may no longer need to pay CIT if they have ceased trading, undergone liquidation or dissolution, or has no taxable income or assets in South Africa. Read more about the deregistration process. Take note of the Income Tax Return filing dates to ensure that you are compliant and submit your returns on time. Finally, taxpayers can learn about tax through the many workshops SARS offer.