Media statement on Project Laduma
Tshwane, 7 February 2025 – On the 9 May 2024, the Pietermaritzburg division of the KZN High Court granted a preservation order to SARS in respect of the assets of the Shandi Trust. In November 2024, a separate preservation order was granted by the Durban High Court in favour of SARS over the assets of […]
More than 2 million taxpayers withdraw from their savings pot
The South African Revenue Service (SARS) wishes to announce that to date it has received 2,664 279 applications for tax directives for withdrawals from the Savings Withdrawal Benefit of the two-pot system. Of the total number of applications, 2 403 379 tax directives were approved for funds to be released. The remainder were declined for a variety of reasons, including incorrect Identity Numbers, incorrect tax numbers, amongst others.
Trade Statistics for December 2024
South Africa recorded a preliminary trade balance surplus of R15.5 billion in December 2024. This surplus was attributable to exports of R160.0 billion and imports of R144.6 billion, inclusive of trade with Botswana, Eswatini, Lesotho and Namibia (BELN).
Preliminary figures on 2024-2025 Filing Season
he South African Revenue Service (SARS) thanks provisional taxpayers and Trusts for filing their annual Income Tax Returns for the 2024 tax year.
The filing season for provisional taxpayers and trusts closed on the 20th January 2025. There overall picture of provisional, trusts and non-provisional taxpayers is the following.
Annual filing deadline for provisional taxpayers and trusts, is 20 January 2025
The deadline for Trusts and individual taxpayers who are provisional taxpayers to file their annual income tax returns for the 2024 tax year, is Monday, 20 January 2025.
Temporary suspension of operations at Grobler’s Bridge due high rainfall water levels
The Commissioner of the Border Management Authority, Dr Michael Masiapato wishes to inform all travellers, transport operators, and stakeholders that operations at Grobler’s Bridge Port of Entry have been temporarily suspended due to adverse conditions caused by high water levels as a result of the rainfall.
Trade statistics for November 2024
South Africa recorded a preliminary trade balance surplus of R34.7 billion in November 2024 attributable to exports of R180.9 billion and imports of R146.2 billion.
Joint media statement National Treasury and South African Revenue Service on the release of the 17th annual edition of Tax Statistics
National Treasury and the South African Revenue Service (SARS) have jointly published the 17th annual edition of the Tax Statistics. The 2024 edition reviews tax-revenue collection and tax-return information for the 2020 to 2024 tax years, as well as for the 2019/20 to 2023/24 fiscal years.
SARS hosted a transformative 91st WCO Policy Commission meeting in Cape Town
The South African Revenue Service (SARS) proudly hosted the 91st World Customs Organization (WCO) Policy Commission Meeting in Cape Town. This meeting was a milestone for the global customs community. The highly anticipated gathering brought together customs leaders and experts from around the world to deal with the evolving challenges of international trade and to shape the future of customs practices.
South Africa elected as new Chair of the African Tax Administration Forum (ATAF)
South Africa, represented by Commissioner Edward Kieswetter, was elected unopposed as the new Chair of the ATAF Council for a two-year period during ATAF’s 8th General Assembly convened in Kigali, Rwanda on 4 December 2024. In support of SARS’ strategic objectives that emphasises the need and importance to work with and through key stakeholders to improve the tax eco-system – domestically, regionally and internationally.
