8 November 2021 – Implementation of Tax Directive Enhancements. Update as on 11 November: It has come to our attention that certain information was not clearly explained in the attached letter issued to you last week. Please find the updated letter explaining the information in paragraph 6 more clearly. Our sincere apologies for any inconvenience.
Recently introduced legislation makes provision for SARS to determine the effective rate of tax in respect of the combined employment and/or pension sources of income of a taxpayer, with reference to the latest data available to SARS, and to provide that rate to the retirement fund administrators for purposes of withholding PAYE. It is the intention to introduce this service with effect from 1 March 2022. Click here to read more.