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.
SARS HOSTING OF THE 91st MEETINGS OF THE WORLD CUSTOMS ORGANIZATION (WCO) POLICY COMMISSION IN CAPE TOWN, FROM 3 TO 5 DECEMBER 2024
Next week Cape Town will become the centre for global customs and trade facilitation discussions when South Africa hosts the WCO Policy Commission meetings in the city over 3-days from 3 to 5 December. SARS Commissioner Kieswetter as the WCO Council Chairperson will oversee the proceedings.
Trade Statistics for October 2024
South Africa recorded a preliminary trade balance surplus of R14.6 billion in October 2024. This surplus was attributable to exports of R179.6 billion and imports of R165.0 billion.
Search-and-seizure operation at Ms Mkhize’s premises
The South African Revenue Service (SARS) is pleased to announce a significant development in our effort to combat tax evasion and criminal activity that undermines the country’s economy.
The latest Two-Pot withdrawals
The South African Revenue Service (SARS) seeks to update the total figures for tax directives received concerning withdrawals from the Savings Withdrawal Benefit under the two-pot system. Since its inception, SARS has observed an unprecedented and steady increase in tax directive applications, likely reflecting the economic challenges faced by households.
As of 18 November 2024, 2,153,942 directive applications were received and a total of 1,914, 306 directives issued with a total gross value of R49 577, 355, 406.14.
