[…] the taxpayers suspected non-compliance with the Customs and Excise Act, which led SARS to include a risk assessment on the taxpayer’s compliance with Value Added Tax ( VAT) and Income Tax. This process established that there were discrepancies in the turnovers declared by the taxpayers and their customs declarations, leading to the decision to […]
[…] 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 […]
[…] PUBLIC OFFICER LAPD-IT-G16 – Basic Guide to Income Tax for Public Benefit Organisations Public Benefit Activities Carried Out for the Benefit of the General Public PBO and VAT An approved PBO may be classified as a welfare organisation under the VAT Act. The classification as a welfare organisation includes the PBO in the VAT […]
[…] are no employees for whom PAYE is required to be deducted). In such cases an application is made to SARS for a tax type to be cancelled. VAT A vendor’s VAT registration may be deregistered/cancelled by the Commissioner, or on written request by the vendor, in the following circumstances: A vendor may apply in […]
South Africa operates a VAT system whereby businesses (vendors) are allowed to deduct the VAT incurred on business expenses (input tax) from the VAT collected on the supplies made by the business (output tax). The most important document in such a system is the tax invoice. Without a proper tax invoice a business cannot […]
[…] on 28 July 2021 and they are noted below: Introduction of a tax subsidy of up to R750 per month for the next four months for pri vate sector employers who have employees earning below R6 500. This subsidy will be provided under the current Employment Tax Incentive. Tax compliant businesses with a gross […]
[…] the South African Revenue Service (SARS), under paragraph 8 of Schedule 1 to the Value-Added Tax Act, Rebate Item 412.11/00.00/01.00, in order to give effect to the value-added tax ( VAT) exemption on the importation of vaccines classifiable under tariff heading 3002.20, as may be amended from time to time, for use in the vaccination of persons against […]
[…] the final demand and decline letter. The debt emanates from the submission of various returns to SARS, including company income tax, Pay-As-You-Earn (PAYE) and Value-Added Tax ( VAT) returns, without payments over a three-year period. In another matter the Sheriff has auctioned the assets of Edison Power Gauteng Pty Ltd, an electrical contracting company, […]
[…] writing by close of business on 29 August 2022 to either the National Treasury’s tax policy depository at [email protected] or to SARS at [email protected] See the media statement for more information. VAT Issues SARS has published the documents below as regards VAT Binding General Rulings, Guides and FAQs. Binding General Ruling 59 – Calculation of VAT for table […]
[…] the return within 40 business days of the assessment. Answer SARS removed the “accept” option on the eFiling system in the filing season based on the obser vations from the 2021 filing season, where 96% of taxpayers who were auto assessed did not amend their returns prepopulated by SARS. If taxpayers are unhappy with […]
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