Search Results for: vat information – Page 5

VAT Refunds for Diplomatic Missions

Working paper All working papers must indicate the supplier’s name, invoice number, date and amounts as per the new workbook designed. Once the VAT 201 return has been e-filed, the electronic working paper must be emailed in excel format to the embassy mailbox ([email protected]). Date format must be captured as YYYY-MM-DD. List the same […]

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Tax Practitioner Connect Issue 7 (28 March 2017)

[…] years of assessment commencing on or after 1 March 2017. For more information please visit the Third Party Data Submission Platform webpage.  NON-EXECUTIVE DIRECTORS OF COMPANIES MUST REGISTER FOR VAT The South African Revenue Service (SARS) has confirmed the interpretation of the Value-Added Tax (VAT) law that requires non-executive directors (NEDs) of companies to register for […]

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Tax Exempt Institutions Connect Issue 2 (January 2023)

[…] as a taxpayer; To file annual income tax returns; To register as an employer if they have employees earning above the tax threshold; and To register for VAT (subject to complying with the VAT registration requirements). To read more on tax exemption for Public Institutions, please see the Guide for Public Institutions Tax Obligations […]

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Education – Small Business taxpayers

[…] eFiling for organisations How to register on eFiling How to manage your profile on eFiling Portfolio management Registered representatives Registering/Adding a taxpayer on eFiling Managing groups Acti vating a SARS-registered representative Inviting a user and delegating rights Tax Compliant Status SARS Online Query Services What is SOQS Advantages of SOQS Services on SOQS Frequently […]

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Government Connect Issue 8 (February 2023)

[…] of the government institution. The video recording can be accessed at the following YouTube link: https://youtu.be/JYAlMrmN7lE. Attribution of nett income to a public benefit organisation The Binding Pri vate Ruling 87 determines the tax consequences of a public benefit organisation holding a participatory interest in a controlled foreign company, which is a foreign incorporated charity. […]

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New Customs Legislation FAQs

[…] impacted by the changes in the warehousing regime. These changes include the following: Application for new licences New receipt and delivery notification requirements by  public and pri vate warehouse licensees and licensed carriers Storage of free circulation goods with goods not in free circulation Electronic inventory management system Periodic goods accounting reporting Permissible operations […]

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Government Connect Issue 5 (August 2022)

[…] in the process of rolling out tax education initiatives to assist government to meet its tax obligations.  In the last two months, SARS has provided training on: VAT on imported services that clarifies and describes how a government institution should be fulfilling their tax obligations when acquiring electronic services (e.g. software) from suppliers based […]

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Advance Tax Rulings (ATR)

The Advance Tax Ruling (ATR) system seeks to promote clarity, consistency and certainty on the interpretation and application of the applicable tax laws. Clarity and certainty on the Commissioner’s interpretation and application of the tax laws regarding proposed transactions can be obtained by way of a binding private ruling (BPR) or a binding class ruling (BCR).  […]

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Government

[…] are within the definition of Local Government. Registration All spheres of government are registered for Pay As You Earn (PAYE). Municipalities are registered for Value-Added Tax ( VAT) and PAYE. Municipalities There are 278 municipalities in South Africa, comprising of 8 metropolitans, 44 districts and 226 local municipalities. They are focused on growing local […]

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Current Surveys, SMSs and Emails

[…] website at www.sars.gov.za. Click the link below to complete this short survey. Survey link XXX Sincerely, SOUTH AFRICAN REVENUE SERVICE 12 January 2023 – Value-Added Tax ( VAT) Customer Experience Study A survey will be distributed to a sample of VAT vendors. Below is the wording for you to know it’s legit and not […]

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